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BYJUS RESIGNATION
From $22 billion to zero: Success, not failure, brought Byju downByju's, once a $22 billion edtech giant, has collapsed. Founder Byju Raveendran faces jail for contempt. The company's downfall stems from ...- From billionaire to jail: Why Byju Raveendran is facing prison and how $22B startup with SRK & Messi as ambassadors crashedByju's founder Byju Raveendran has been sentenced to six months in jail by a Singapore court for contempt of court. The court cited his dis...
- NCLAT adjourns Byju’s case hearing to Oct 1On August 14, the Supreme Court revived the insolvency case against Byju's, overturning National Company Law Appellate Tribunal (NCLAT) dec...
- Byju's says BDO resigned after start of bankruptcy proceedings; alleges “unethical requests, manipulative tactics” by auditorByju's defended its inability to provide the documents, saying in a statement that the materials were requested from the firm's board, whic...
- Byju’s forms executive committee for new leadership at Aakash after exit of CEO, CFOByju Raveendran– chief executive officer at Byju’s, Ajay Goel–group chief financial officer of Byju’s, Anup Kumar Agrawal, chief business o...
- WhiteHat Jr CEO Ananya Tripathi leaves in another top-level exit at Byju’sTripathi was one of at least five business vertical heads who reported to Mrinal Mohit, Byju’s India business head. Four of them, including...
- Three business heads quit as Byju’s rejigs verticalsTroubled edtech major Byju's on Tuesday announced that it has undertaken restructuring of businesses and verticals, including consolidation...
- Baron Capital marks up Swiggy, Pine Labs valuation; almost halves Byju’s valueIn its April-June quarterly report, Baron Capital cut the valuation of Byju’s to $11.7 billion as of June 30, down 44.6% from $21.2 billion...
- Davidson Kempner begins rejig of Aakash boardThe hedge fund is inducting at least four new independent and nominee directors in the test-prep subsidiary of Byju’s parent Think & Learn,...
- ETtech Recap: Five must-read stories on Byju's crisis this weekETtech brings you up to speed with all the latest developments surrounding Byju's.
- Former Byju's employee reveals she was forced to resign by edtech giant; emotional video goes viral on LinkedInA video of a former Byju’s staff tearfully revealing that the company had threatened to withhold her salary if she didn’t resign immediatel...
- More trouble for Byju’s as three board members, auditor Deloitte resignRepresentatives from Peak XV (formerly Sequoia Capital India), Prosus and Chan Zuckerberg, on Byju’s board have resigned along with its aud...
- Byju's shareholder Prosus cites poor corporate governance for board exitInvestment firm pledges to work with other shareholders and government authorities to safeguard the long-term interests of Byju’s and its s...
- Former SBI chairman Rajnish Kumar, ex-Infosys CFO Mohandas Pai join Byju’s advisory councilThese appointments come after Byju’s three key investors–Peak XV Partners, Prosus and Chan Zuckerberg Initiative–resigned from the board le...
- Government orders inspection of Byju's account booksIndia's Ministry of Corporate Affairs has ordered an inspection into the account books of embattled edtech startup Byju's, Bloomberg report...
- Amid board trouble, Byju’s promises investors September deadline for FY22 audited resultsFounder Byju Raveendran and chief financial officer Ajay Goel, along with other leadership members, briefed about 75 shareholders on Saturd...
- Board members quit as shareholding fell below minimum threshold: Byju’sBy Friday midnight, Peak XV Partners, Prosus and Chan Zuckerberg confirmed their exit from edtech’s board.
- Peak XV, Prosus and Chan Zuckerberg confirm exit from Byju’s boardA Byju’s spokesperson had called our report about the resignations entirely speculative and denied the claims.
- Byju’s reverses decision to close product development centre in ThiruvananthapuramCompany reiterates its commitment to Kerala, says it will pursue a growth strategy in the state
- Bengaluru employee union alleges Byju's forcing resignations; company denies claimsA Bengaluru-based union of IT sector employees has flagged “massive retrenchment” drive at the company where the company staff is being ask...
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