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Byju’s-BCCI settlement: SC sets aside NCLAT order on Rs 158-crore disputeThe apex court also overturned the order that closed the insolvency proceedings against Byju’s parent Think & Learn Pvt Ltd, following the ...- Investors leaving board was biggest setback; Byju's now worth zero: founder RaveendranThe founder of the once-most-valued Indian startup said investors threw Byju’s under the bus at the first sign of crisis. While sounding op...
- Byju's auditor BDO resigns a year after Deloitte’s exit: a timeline of eventsTroubled edtech company Byju's said in a statement that its auditing firm, MSKA Associates, an affiliate of BDO International, resigned bec...
- Proceedings initiated against Byju's under companies law 'still ongoing': MCALast year, the ministry ordered the inspection of the books of Byju's in the wake of various developments at the edtech company, including ...
- Byju’s may have to dip into Epic sale funds to keep lights onTroubled edtech reduces notice period to 15-30 days across staff level to cut costs
- For more capital, Byju’s must pass a tough testThese investors have asked the company to file its audited financials for the year ended March 31, 2023, at the earliest. In addition, they...
- 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...
- Plan significant Byju’s markdown over lack of visibility on audited financials: Peak XV tells limited partnersPeak XV told LPs that GV Ravishankar’s resignation from Byju’s board on June 6 was due to the fund’s dissatisfaction with the company’s man...
- Prosus says Byju’s ‘disregarded advice’; court asks PayPal to follow PMLA reporting rulesA lot is happening at Byju’s. Prosus, one of the company’s major investors, has cited poor corporate governance as the reason for the exit ...
- 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...
- SoftBank sheds another 2% in Paytm; will approach GST Council on 28% tax once gaming rules in place: ChandrasekharIn May, SoftBank had sold a 2.07% stake in Paytm through open market transactions that began in February. Prior to the latest transaction, ...
- Things aren’t as bad as you think: Byju Raveendran tells employeesAt a townhall, Byju Raveendran says talks with term-loan lenders have taken ‘constructive turn’, Deloitte and directors left on good terms;...
- Heart goes out to team members who are facing downsizing: Byju Raveendran writes to staffByju's has undertaken multiple rounds of layoffs amid uncertainty around the company's cash position and overall slowdown in its business p...
- 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 breaking bad: Will Indian startups feel the aftershocks, and other top stories this week“Are you really surprised?" an edtech founder said, implying that industry executives have seen this blow-up coming for a while. “This will...
- MCA to conduct inspection of Byju's books"A decision to this effect (on inspection) has been taken. The government treats corporate governance as a serious issue. So, if there is a...
- Byju’s auditor Deloitte Haskins resigns citing delay in FY22 financial statement, edtech names replacementAuditor says delay in submitting accounts would have "significant impact" on their ability to plan, design, perform and complete the audit.
- Key Byju’s board members, auditor resign; Modi urges Micron to put India on semiconductor mapIt just doesn’t seem to end for Byju’s. As if loan defaults, losses, layoffs and other setbacks weren’t enough, three key board members of ...
- Byju’s begins new chapter as world’s top education tech companyRaises $540 million at likely valuation of $3.6 billion; 38% stake of three founders now worth $1.29 billion.
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