April 16, 2024 07:27 (IST)
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Byju's founder, whose net worth was Rs. 17,545 crore a year ago, no longer a billionaire

Mumbai/IBNS: Indian multinational educational technology company Byju's founder, Byju Raveendran's net worth is now zero, a year after he had Rs. 17,545 crore a year ago.

Byju's lays off 500 employees

Bengaluru: Cash-strapped ed-tech company Byju's has reportedly implemented layoffs, affecting approximately 500 employees, mainly in sales and marketing roles.

Byju's claims resolutions passed at EGM to remove founder invalid

Bengaluru: Ahead of the results of the voting to remove Byju's founder and CEO Byju Raveendran during an extraordinary general meeting (EGM), the ed-tech company claimed in a statement to the media that the decisions made by shareholders are null and void.

Shareholders pass resolution to oust Byju Raveendran-led management at EGM

Bengaluru: A consortium of prominent investors including Prosus, General Atlantic, and Peak XV on Friday made the decision to remove Chief Executive Officer (CEO) Byju Raveendran from his position at the helm of the edtech company Byju's, media reported.

American finance company approaches NCLT to initiate insolvency proceedings against Byju's

Bengaluru: Glas Trust Company LLC, a United States-based non-bank loan agency, filed a plea for insolvency against the troubled-ed tech firm Byju's at the National Company Law Tribunal (NCLT) in Bengaluru, a media report said.

BCCI files case against Byju's with NCLT

New Delhi: Troubled ed-tech company Byju’s is facing fresh challenges as the Board of Control for Cricket in India (BCCI) has dragged the firm to the National Company Law Tribunal, the adjudicator’s website says.

Enforcement Directorate confirms issue of show cause notice against Byju's in FEMA violation case

New Delhi: The Enforcement Directorate (ED) Tuesday officially confirmed the issuance of a show cause notice to the edtech firm Think and Learn Private Limited, as well as to Byju Raveendran, in connection with a FEMA violation case.

Trouble edtech startup Byju's reports Rs 2,250 cr loss in its delayed financial results

Bengaluru: Education startup Byju's finally released its financial results on Saturday, after several delays. The results revealed that its parent company, Think & Learn Pvt., reported a slight reduction in losses, despite a surge in business during the pandemic.

Byju's CFO Ajay Goel quits

Mumbai: Ajay Goel, who served as the CFO of troubled edu-startup Byju's, has resigned just half a year after joining the company, media reports said.

Byju's appoints company veteran Arjun Mohan CEO of India ops

Bengaluru: Edtech company Byju's has appointed long-standing company member Arjun Mohan as the CEO of its India operations, succeeding Mrinal Mohit.  

Centre directs scrutiny of Byju's books: Report

New Delhi: The Centre has ordered scrutiny into the accounts of education-technology company Byju’s, Bloomberg reported.

Byju's secures $250 million funding via structured instruments from Davidson Kempner: Reports

Indian ed-tech company Byju's has secured a substantial fund infusion of $250 million through structured instruments facilitated by the US-based alternative investment firm Davidson Kempner, media reports said.

Byju's likely to secure $1 billion in funding amid funding winter: Report

Bengaluru: Ed-tech firm Byju's is preparing to secure a substantial funding round of $1 billion through a combination of equity and structured instruments, Moneycontrol reported.

Byju's ‘confident’ FEMA rules not violated: Report

After Saturday’s ED searches, Byju Raveendran, the CEO of educational platform Byju's, in a letter to his employees stated that the company has brought more foreign direct investment (FDI) to India than any other startup and no FEMA rules.

ED searches Byju’s office, residence over alleged FEMA violations

New Delhi: Directorate of Enforcement (ED) conducted searches at three locations-two business and one residential- of Raveendran Byju and his company in Bengaluru over alleged violation of the provisions of Foreign Exchange Management Act (FEMA), the probe agency said on Saturday.