Byju Raveendran: News

29 Mar 2024

BYJU'S

BYJU'S invites dissenting shareholders to participate in rights issue

BYJU'S, the edtech company currently facing challenges, has extended an invitation to its dissenting shareholders to participate in a rights issue within the next 72 hours.

11 Mar 2024

BYJU'S

BYJU'S shuts down offices, asks employees to work from home

The road to recovery seems distant for BYJU'S while it grapples with maintaining cash flow.

28 Feb 2024

BYJU'S

NCLT issues fresh insolvency notice to BYJU'S: Here's why

The National Company Law Tribunal (NCLT) has served a notice to crisis-ridden BYJU'S, following a plea submitted by US-based GLAS Trust Company.

23 Feb 2024

BYJU'S

BYJU'S dramatic EGM ends, Karnataka HC to decide founder's ouster

BYJU'S held an extraordinary general meeting (EGM) today to vote on the removal of CEO and founder Byju Raveendran.

22 Feb 2024

BYJU'S

Why Enforcement Directorate has restricted Byju Raveendran from leaving India

Acting on the Enforcement Directorate's (ED) order, the Bureau of Immigration (BOI) has issued a lookout circular (LOC) against Byju Raveendran, the founder and CEO of BYJU'S.

21 Feb 2024

BYJU'S

BYJU'S raises $200M through rights issue at 99% valuation cut

BYJU'S , the embattled edtech company, has managed to raise $200 million through a fully subscribed rights issue at a 99% valuation cut, as reported in a shareholder letter written by founder and CEO Byju Raveendran.

19 Feb 2024

BYJU'S

BYJU'S gets lifeline with $300M pledge ahead of rights issue

Edtech giant Think and Learn, which operates under the BYJU'S brand, has secured a $300 million commitment from investors for its ongoing rights issue, as per PTI.

02 Feb 2024

BYJU'S

BYJU'S accuses investors of 'conspiring' against company, delays employee salaries

BYJU'S leadership has accused some investors of plotting to remove top executives during a challenging time, as stated in a letter to employees.

02 Feb 2024

BYJU'S

Defaulting on $1.2B loan, BYJU'S US unit files for bankruptcy

BYJU'S Alpha Inc., a subsidiary of Indian edtech giant BYJU'S, has filed for bankruptcy protection in the US after defaulting on $1.2 billion loan.

29 Jan 2024

BYJU'S

BYJU'S slashes valuation by 99% in desperate funding bid

BYJU'S has cut its valuation as by a staggering 99% in the latest rights issue. Once touted as the world's most valuable edtech start-up, the company is struggling to raise money.

25 Jan 2024

BYJU'S

Billionaire behind Manipal Group becomes largest stakeholder in BYJU'S Aakash

Ranjan Pai, the billionaire chairman of Manipal Education and Medical Group, has bought a 40% stake in BYJU'S Aakash Education Services Ltd. for $300 million.

23 Jan 2024

BYJU'S

BYJU'S plans to raise funds at 90% discounted valuation

Embattled edtech unicorn BYJU'S is looking to raise over $100 million from current investors at a massive 90% discount to its previous $22 billion valuation, per Bloomberg.

04 Dec 2023

BYJU'S

BYJU'S founder pledges homes to pay staff their salaries

Byju Raveendran, the founder of Indian edtech giant BYJU'S, pledged his and his family members' homes.

29 Nov 2023

BYJU'S

Prosus downgrades edtech giant BYJU's valuation to less than $3bn

Tech investor Prosus has reduced the value of its investment in Indian edtech giant BYJU'S, leading to a company valuation of under $3 billion.

ED uncovers Rs. 9,000cr FEMA violation at BYJU'S, issues notice

The Enforcement Directorate (ED) has issued a show-cause notice to BYJU'S, accusing the company of violating the Foreign Exchange Management Act (FEMA) to the tune of Rs. 9,000 crore.

20 Oct 2023

BYJU'S

BYJU'S founder in talks to sell controlling stake in Aakash

BYJU'S CEO Byju Raveendran, is in talks with private equity firms like Bain Capital and KKR about selling a controlling stake in Aakash Educational Services Ltd (AESL), the Economic Times has reported.

13 Sep 2023

BYJU'S

BYJU'S accused of hiding $533 million from lenders

In a startling turn of events, edtech giant BYJU'S has been accused by lenders of hiding a substantial sum of $533 million in a little-known hedge fund named Camshaft Capital Fund, per Bloomberg.

12 Sep 2023

BYJU'S

BYJU'S eyes $1 billion from non-core asset sales

India's most-valued start-up, BYJU'S, is conducting a strategic review of its assets to put on sale non-core subsidiaries and refocus on core, profitable segments, per Moneycontrol.

06 Sep 2023

BYJU'S

BYJU'S fails to pay performance-linked incomes to tuition center staff

India's edtech giant, BYJU'S has failed to pay performance-linked incentives to its tuition center staff since September 2022, as per Moneycontrol.

04 Aug 2023

BYJU'S

BYJU'S, lenders miss August 3 deadline to rework loan terms

BYJU'S and its lenders missed the August 3 deadline for loan amendment talks, with hopes of a resolution after Byju Raveendran's call with lenders next week.

28 Jul 2023

BYJU'S

Ex-BYJU'S employee cries, seeks government's assistance over 'toxic' work culture

A now-former BYJU'S employee has reached out to the government, accusing her ex-employer of terminating her suddenly. In a video, she stated that she would have no option but to end her life if "justice" isn't delivered.

BYJU'S founder Raveendran broke down amid crises: Report

Byju Raveendran, the founder of BYJU'S, broke down in tears after the Enforcement Directorate (ED) raided the Bengaluru offices of the company in April, Bloomberg reported.

11 Jul 2023

BYJU'S

Government to inspect financial records of BYJU's, India's most-valued start-up 

It is an endless queue of trouble for edtech giant BYJU'S. India's most valuable start-up has been under the scrutiny of lenders and investors for a while.

26 Jun 2023

BYJU'S

BYJU'S boardroom drama: Here's what led to resignation of directors

The last few days have been critical for BYJU'S, India's most valuable start-up. The company lost its auditor and three non-promotor directors in the same week, raising questions about its corporate governance.

22 Jun 2023

BYJU'S

BYJU'S: 3 key board members tender resignation over lender fiasco

Trouble seems to have a way of targeting BYJU'S, India's most valuable start-up. The company has been involved in a spat with its lenders for a while.

07 Jun 2023

BYJU'S

BYJU'S: Round-up of controversies surrounding the edtech giant

BYJU'S is never far from the headlines. The high-flying edtech firm has been embroiled in multiple controversies over the past year.

ED searches BYJU'S CEO's premises over violating foreign funding laws

The Enforcement Directorate (ED) on Saturday, searched three premises belonging to Byju Raveendran, the founder and CEO of Think and Learn Private Ltd. It runs the edtech platform BYJU'S.

24 Mar 2023

BYJU'S

Why is BYJU'S raising $250 million at a lower valuation

BYJU'S, the world's most valuable edtech company, is in the advanced stages of raising $250 million. Earlier when the company raised the same amount, it was valued at $22 billion.

23 Feb 2023

BYJU'S

BYJU'S mulls closing down WhiteHat Jr, its loss-making coding platform

When edtech giant BYJU'S acquired the coding platform WhiteHat Jr, it was touted as a great decision. How has time changed?

21 Feb 2023

Elon Musk

#NewsBytesExplainer: Billionaires who lost their fortune in the recent past

From Elon Musk losing $100 billion in a single calendar year to Sam Bankman-Fried's personal wealth being completely wiped out, the past year has been chaotic for some of the world's richest.

02 Feb 2023

BYJU'S

BYJU'S fires over 1,000 employees after promising no more layoffs

BYJU'S, the world's most valuable edtech company, has been struggling due to slow revenue growth and scarcity of funding. The company has now decided to slash over 1,000 jobs as part of a new cost-cutting initiative.

26 Dec 2022

BYJU'S

Year in review: BYJU'S highs and lows in 2022

2022 has been a year to forget for tech companies. The pandemic-driven boom was followed by a post-pandemic reality check.

04 Nov 2022

BYJU'S

Ex-employees claim BYJU's forced them to sign pre-drafted resignation letters

BYJU'S employees who were laid off before the company's recently announced job cuts have made some serious allegations against the company.

06 Apr 2021

Aakash Institute

BYJU's acquires Aakash Educational Services for $1 billion

Popular online teaching platform BYJU's announced on Monday that it has acquired Aakash Educational Services Limited, a chain of physical coaching centres in the country, for nearly $1 billion.

27 Aug 2020

General Atlantic

Ed-tech unicorn BYJU's secures $122 million from Russian billionaire's fund

Homegrown ed-tech unicorn BYJU's has raised $122 million (Rs. 909 crore) from DST Global, the investment fund started by Russian tech billionaire Yuri Milner.

08 Aug 2020

Bajaj

Karan Bajaj, the yogi who sold his start-up for $300mn

Successful entrepreneurs are hailed for how they hold onto their idea and make it big in the market.