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.
Dept of Consumer Affairs reprimands Amazon and Byju’s for unfair consumer practices: Report
New Delhi: The Department of Consumer Affairs has reprimanded the ed-tech company Byju’s and e-commerce giant Amazon for engaging in unfair consumer practices, media reports said.
BYJU's cuts off 1,000 more jobs: Report
Bengaluru: Ed-tech company BYJU’s laid off 1,000 more employees in a fresh round of layoffs, media reports said.
BYJU's said to seek easier payment terms for its $1.2 billion loan: Report
Mumbai: India’s most valuable startup BYJU's is seeking to restructure a $1.2 billion loan amid financial losses and cost-cutting measures, Bloomberg reported.
BYJU's announces Lionel Messi as its Global Ambassador
Educational technology company BYJU’S has announced Argentine football star Lionel Messi as its Global Brand Ambassador for its social initiative, Education for All.
BYJU'S revokes dismissal of 140 employees in Kerala after meeting with CM
Thiruvananthapuram: Edtech company BYJU'S has withdrawn its decision to close operations in Kerala's Thiruvananthapuram and fire 140 employees in the state after meeting Kerala CM Pinarayi Vijayan, said media reports.
'If you’re not seeing growth, switch to a survival mindset': Suniel Shetty on BYJU's layoff plans
Mumbai/IBNS: Actor-producer-businessman Suniel Shetty has expressed his opinion over Edtech giant BYJU's decision to lay off 2,500 employees from several departments in order to cut expenses amid increasing losses.
BYJU's to layoff 2,500 employees amid growing losses
BYJU's will hand out pink slips to nearly 2,500 employees across departments to cut costs amid growing losses in the next six months, the company said in a statement today.
BYJU’S FY 22 growth intensifies, clocks gross revenues of nearly Rs 10,000 cr
Bengaluru: Ed-tech company BYJU’s has registered nearly Rs 10,000 crore in gross revenues in FY 22 and its K-12 education business is showing accelerated growth. Between April - July 2022, the company logged a revenue of Rs 4530 crore.
Byju's delays payment schedule for Akash deal: Report
Ed-tech company Byju's has sought an extension for the payment to Aakash Educational Services Ltd (AESL), which it had taken over in a cash and stock deal, media reports said.
Byju's acquires US-based reading platform EPIC
Bengluru/IBNS: Byju’s has acquired US-based reading platform Epic in a $500 million cash-and-stock deal, as it continues to shop for large edtechs to foray beyond the Indian market and across categories.