BYJU'S: News
09 Apr 2024
National Company Law TribunalAfter two months delay, BYJU'S commences salary payout for March
Beleaguered edtech firm BYJU'S has initiated the process of disbursing delayed salaries for March.
04 Apr 2024
Byju RaveendranFrom billionaire to zero: Byju Raveendran's net worth wiped out
Byju Raveendran, the co-founder of edtech giant BYJU'S, has been removed from Forbes's World's Billionaires List 2024.
02 Apr 2024
National Company Law TribunalBYJU'S fires employees via calls in new wave of layoffs
BYJU'S, a prominent edtech firm, has initiated a new round of layoffs affecting an estimated 100 to 500 employees, primarily in the sales department, as reported by Moneycontrol.
29 Mar 2024
Byju RaveendranBYJU'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.
12 Mar 2024
FIITJEEFIITJEE withholds employee salaries for second consecutive month: Here's why
FIITJEE, a leading entrance test preparation company, has withheld employee salaries for the second consecutive month amid stagnant growth and increasing competition.
11 Mar 2024
Byju RaveendranBYJU'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 RaveendranNCLT 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.
27 Feb 2024
National Company Law TribunalNCLT hearing: Why BYJU'S investors are against rights issue
Today, a showdown unfolded at the National Company Law Tribunal (NCLT) in Bengaluru between four investors of ed-tech giant BYJU'S and the company's board of directors.
23 Feb 2024
Byju RaveendranBYJU'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 RaveendranWhy 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 RaveendranBYJU'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 RaveendranBYJU'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.
07 Feb 2024
BusinessFresh trouble for BYJU'S as it receives another insolvency notice
The National Company Law Tribunal (NCLT) in Bengaluru has served a notice to edtech giant BYJU'S, following an insolvency bid filed by customer support company Teleperformance Business Services India Ltd.
02 Feb 2024
Byju RaveendranBYJU'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 RaveendranDefaulting 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 RaveendranBYJU'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 RaveendranBillionaire 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 RaveendranBYJU'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.
23 Jan 2024
BusinessBYJU'S net loss swells to Rs. 8,245 crore in FY22
Embattled edtech unicorn BYJU'S has submitted its audited financials for FY22 to the registrar of companies (RoC) after a 22-month delay.
12 Jan 2024
StartupsFrom $22bn to $1bn: BlackRock devalues BYJU'S by 95%
BlackRock, a prominent asset manager, has slashed the valuation of BYJU'S by a staggering 95%, bringing it down from $22 billion to just $1 billion, as per Tech Crunch.
22 Dec 2023
Board of Control for Cricket in India (BCCI)NCLT to hear BCCI vs BYJU'S case on January 17
The National Company Law Tribunal (NCLT) in Bengaluru has set a hearing for January 17 in the high-profile case between the Board of Control for Cricket in India (BCCI) and edtech giant BYJU'S.
04 Dec 2023
Byju RaveendranBYJU'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 RaveendranProsus 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.
27 Nov 2023
BusinessBYJU's appoints Jiny Thattil as CTO following Anil Goel's exit
Edtech powerhouse BYJU's has named Jiny Thattil as its new Chief Technology Officer (CTO), succeeding Anil Goel, who is departing the company after three years.
21 Nov 2023
Enforcement Directorate (ED)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 Nov 2023
StartupsBYJU'S delays final settlements of laid-off employees yet again
BYJU'S, the ed-tech giant based in Bengaluru, has once again failed to meet the deadline for providing full and final settlements to employees who were laid off, as per Moneycontrol.
10 Nov 2023
BusinessRanjan Pai ends BYJU'S-Kempner dispute with Rs. 1,400cr debt deal
Manipal Group's Ranjan Pai has resolved issues between BYJU'S and investment management company Davidson Kempner, by purchasing the latter's debt investment in the edtech firm for Rs. 1,400 crore.
06 Nov 2023
BusinessBYJU'S in talks to sell US unit Epic for $400mn
Indian edtech giant BYJU'S is reportedly in advanced talks to sell its US-based kids' digital reading platform, Epic! Creations Inc., for about $400 million (roughly Rs. 3,328.5 crore) to Joffre Capital Ltd.
24 Oct 2023
BusinessByju's CFO Ajay Goel resigns after seven months, rejoins Vedanta
Ajay Goel, who assumed the role of CFO at Byju's in April, has announced his departure from the edtech behemoth after a mere seven months.
20 Oct 2023
Byju RaveendranBYJU'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.
16 Oct 2023
Aakash InstituteAakash Chaudhry's return as Aakash Educational Services CEO imminent
Aakash Chaudhry is gearing up to resume his role as CEO of Aakash Educational Services, a tutoring branch purchased by BYJU'S in April 2021.
11 Oct 2023
SingaporeBYJU'S lenders hire Kroll to safeguard assets of Great Learning
Kroll, a risk advisory firm, has been hired by BYJU'S lenders to protect the charged assets (assets used as collateral to secure loans) of Great Learning and BYJU'S Singapore branch.
27 Sep 2023
StartupsBYJU's to fire around 4,000 employees in major restructuring move
Edtech giant BYJU'S is reportedly planning a significant restructuring exercise, including a fresh round of layoffs impacting up to 4,000 jobs, under its new India CEO, Arjun Mohan.
18 Sep 2023
BusinessBYJU'S delays settlements of 1,000 laid-off employees to November
BYJU'S, the world's most valuable edtech company, has postponed the full and final settlements of nearly 1,000 laid-off workers from September to November as it faces a liquidity crunch.
13 Sep 2023
Byju RaveendranBYJU'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
IndiaBYJU'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 RaveendranBYJU'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.
30 Aug 2023
BusinessBYJU'S woes continue as WhiteHat Jr CEO Ananya Tripathi resigns
The CEO of WhiteHat Jr (a subsidiary of BYJU'S), Ananya Tripathi, has submitted her resignation.
29 Aug 2023
BusinessBYJU'S hit with more resignations: Three senior executives quit
Edtech start-up BYJU'S has seen the resignation of three senior executives as the company goes through a challenging phase.
21 Aug 2023
BusinessCherian Thomas, BYJU's Senior Vice President, quits
Cherian Thomas, Senior Vice President of international business at BYJU'S, has stepped down from his position. He was part of the ed-tech giant for over six years.
18 Aug 2023
BusinessBYJU'S fires over 400 employees after performance review: Report
Edtech giant BYJU'S has laid off employees from its mentoring and product expert divisions.
04 Aug 2023
Byju RaveendranBYJU'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.
31 Jul 2023
State Bank of India (SBI)Here's how much Rajnish Kumar earned as SBI chairman
Former State Bank Of India (SBI) Chairman Rajnish Kumar has revealed what his annual income was at the bank, which is definitely raising some eyebrows.
28 Jul 2023
Byju RaveendranEx-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.
26 Jul 2023
Byju RaveendranBYJU'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.
25 Jul 2023
BusinessBYJU'S in turmoil: Delayed PF, shareholder criticism, more offices shut
It is another trouble-laden day for edtech giant BYJU'S. The company, which saw three non-promoter directors resign recently, was criticized by Prosus, its largest external investor.
24 Jul 2023
BengaluruBYJU'S vacates offices in Bengaluru amid funding crunch
There is no end to BYJU'S troubles. The company has been dealing with issues on different fronts, including investors, lenders, and regulators.
11 Jul 2023
Ministry of Corporate AffairsGovernment 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.
28 Jun 2023
BusinessBYJU'S postpones joining date of newly hired employees
Edtech giant BYJU'S sees no end to its troubles. The company has been facing issues on various fronts, including with investors, lenders, and regulators.
26 Jun 2023
Byju RaveendranBYJU'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 RaveendranBYJU'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 RaveendranBYJU'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.
07 Jun 2023
Artificial Intelligence and Machine LearningBYJU'S introduces AI models to improve learning and reduce costs
Edtech giant BYJU'S is involved in an intense battle with its creditors in the US. However, that hasn't stopped the company from trying to make its business better.
06 Jun 2023
BusinessHow $1.2bn loan became a concern for BYJU'S
The $1.2 billion loan it raised in November 2021 has turned out to be a massive headache for BYJU'S.
05 Jun 2023
Aakash InstituteBYJU'S announces Aakash IPO in 2024: Everything to know
BYJU'S, India's most valuable start-up, has announced that it will launch the initial public offering (IPO) of its exam preparatory division Aakash Educational Services Limited by mid-2024.
01 Jun 2023
StartupsBYJU'S creditors stop $1.2 billion loan restructuring talks: Here's why
BYJU'S, India's most valuable start-up, cannot seem to catch a break. Earlier this week, asset management company (AMC) Blackrock cut the edtech major's valuation by 62% year-over-year.
29 Apr 2023
Enforcement Directorate (ED)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.
18 Apr 2023
IndiaHurun Unicorn Index 2023: How India fares against US, China
The number of unicorns a country has produced is a testament to that country's robust start-up ecosystem. India has done pretty well in the department over the years.
30 Mar 2023
UnacademyUnacademy's never-ending struggles: Multiple rounds of layoffs to no appraisals
Layoffs have become common in the edtech sector, as companies are still figuring out their way in a world where people are not confined to their homes.
24 Mar 2023
Byju RaveendranWhy 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.
07 Mar 2023
EdTechEdtech meltdown: How BYJU'S, upGrad, others are struggling in 2023
Edtech major upGrad has fired 30% of the workforce at its subsidiary 'Campus.' This marks the second time an upGrad-owned company has laid off employees this year.
23 Feb 2023
Byju RaveendranBYJU'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?
02 Feb 2023
Byju RaveendranBYJU'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 RaveendranYear 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.
16 Dec 2022
Indian Cricket TeamBYJU's keen to end jersey sponsorship deal with BCCI: Report
As per the latest developments, BYJU's is keen to end its jersey sponsorship deal with the Board of Control for Cricket in India (BCCI).
10 Nov 2022
Meta#NewsBytesExplainer: Major tech layoffs in the post-pandemic era
The year 2022 has been a weird one for tech-based companies around the world. Following a decade of riding the stock market bull and a pandemic peak, they are now faced with a glum post-pandemic reality.
04 Nov 2022
Byju RaveendranEx-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.
17 Sep 2022
EdTechBYJU'S: Is India's most valuable unicorn in serious trouble?
BYJU'S, the world's most valuable edtech company, has opened a can of worms with the release of its FY21 financials after an 18-month delay.
30 Jun 2022
VedantuEdtech layoffs continue: Byju's, WhiteHat Jr, Toppr fire 2,500 employees
India's edtech industry hit another low as Byju's, the world's most-valued edtech company, slashed over 2,500 jobs across its group companies.
20 May 2022
VedantuWhy are edtech firms like Unacademy and Vedantu firing employees?
As India's edtech bubble continues to burst, firms that enjoyed unparalleled success in the last couple of years are now on the path of sustenance.
24 Mar 2022
FIFA World CupBYJU's becomes first Indian firm to sponsor FIFA World Cup
The 2022 FIFA World Cup in Qatar has an official sponsor with Indian Ed Tech firm BYJU'S being announced as the same.
06 Apr 2021
Aakash InstituteBYJU'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.
16 Feb 2021
FacebookNewsBytes Briefing: Zuckerberg goes full Sopranos on Apple, and more
Last month, we had predicted how Apple's new-found love for privacy was an act of war and that it would lead to the Silicon Valley equivalent of a gang war.
16 Feb 2021
StartupsByju's might acquire Edtech start-up Toppr for $150 million
Indian Edtech giant Byju's is closer to acquiring rival Toppr in a deal pegged at approximately $150 million. Both Byju's and Toppr cater to the burgeoning K-12 (Kindergarten to Class 12) education space.
24 Dec 2018
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