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 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 ‘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.