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Byju Raveendran

Byju Raveendran files caveat before Supreme Court against US-based creditor

Byju Raveendran files caveat before Supreme Court against US-based creditor

Mon, Aug 05, 2024

Byju Raveendran has filed a caveat before the Supreme Court against its US-based creditor Glas Trust Company LLC over the order passed by the insolvency appellate tribunal NCLAT.

From India's biggest startup to the brink of bankruptcy, this edtech startup once valued at $22 billion

From India's biggest startup to the brink of bankruptcy, this edtech startup once valued at $22 billion

Wed, Jul 17, 2024

Once India's most valuable startup, Byju's has seen its fortunes plummet, now facing bankruptcy. The company, which was valued at $22 billion, is now embroiled in insolvency proceedings.

Byju Raveendran failed because he didn't listen to anyone: Unacademy CEO

Byju Raveendran failed because he didn't listen to anyone: Unacademy CEO

Fri, Jun 28, 2024

"Byju failed because he didn't listen to anyone. He put himself on a pedestal and stopped listening. Don't do that. Never do that. Don't listen to everyone but have people who can give you blunt feedback," Munjal said in a series of posts shared on X.

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Can Byju's pay salaries on time, clear employees' pending dues?

Can Byju's pay salaries on time, clear employees' pending dues?

Tue, May 28, 2024

The company is yet to pay the remaining salary dues of February and March to thousands of its employees, amid ongoing legal battles with investors and vendors.

Rajnish Kumar and Mohandas Pai to discontinue as Byju's advisors

Rajnish Kumar and Mohandas Pai to discontinue as Byju's advisors

Mon, May 20, 2024

Think & Learn formed the advisory council in July 2023 to mentor and advise the edtech firm to come out of the crisis and improve governance.

From Billionaire to Zero: Byju Raveendran's Net Worth Freefalls To Ashes

From Billionaire to Zero: Byju Raveendran's Net Worth Freefalls To Ashes

Thu, Apr 04, 2024

Byju Raveendran, once a billionaire, now sees his net worth drop to zero, as per the Forbes Billionaire Index 2024. The edtech giant, Byju's, faces turmoil amid a bitter dispute with dissenting investors over a contentious rights issue worth $200 million.

I'm still the CEO, management remains unchanged: Byju Raveendran

I'm still the CEO, management remains unchanged: Byju Raveendran

Sat, Feb 24, 2024

His reaction came a day after key shareholders in Byju's like Prosus NV and Peak XV Partners voted to oust him as CEO at the Extraordinary General Meeting (EGM), saying that the stakeholders "unanimously passed all resolutions put forward for vote."

How Byju's Raveendran, once a startup poster boy, landed on ED's lookout notice list

How Byju's Raveendran, once a startup poster boy, landed on ED's lookout notice list

Thu, Feb 22, 2024

The once sought-after hero of the Indian startup landscape is now on the Enforcement Directorate's (ED) search list, after the investigation agency on Thursday asked the Bureau of Immigration to issue a look-out circular (LOC) against Byju's founder, Byju Raveendran. The LOC forces Raveendran not to move out of India. The order is against an entrepreneur who once led the most valued startup in India and had Shah Rukh Khan and Lionel Messi as its brand ambassadors. Read the story of the entrepreneur who made a unicorn startup from scratch and fell from grace after scaling greater heights.

BYJU'S close to profitability, expect to resolve loan issue without court's intervention: CEO

BYJU'S close to profitability, expect to resolve loan issue without court's intervention: CEO

Thu, Jun 29, 2023

Edtech major BYJU'S is growing slowly but sustainably and is close to achieving profitability at the group level, the company's CEO Byju Raveendran said on Thursday.

Byju's in Trouble: Deloitte quits, key board members resign

Byju's in Trouble: Deloitte quits, key board members resign

Thu, Jun 22, 2023

Deloitte, a major global audit firm, has resigned as the statutory auditor of Byju's, citing delayed financial statements and unresolved audit report modifications. The resignation of Deloitte comes at a time when key board members of Byju's have also resigned, allegedly due to differences with founder Byju Raveendran.

ED raids Byju's, claims it remitted Rs 9,754 crore to various foreign jurisdictions

ED raids Byju's, claims it remitted Rs 9,754 crore to various foreign jurisdictions

Sat, Apr 29, 2023

According to the ED, the company has booked around Rs 944 crore in the name of advertisement and marketing expenses, including the amount remitted to foreign jurisdictions.

BYJU's expects 3-fold revenue growth in FY'22

BYJU's expects 3-fold revenue growth in FY'22

Mon, Nov 14, 2022

BYJU's had booked a loss of Rs 4,588 crore and revenue of Rs 2,428 crore for the fiscal year ended March 31, 2021.

'Edtech startup Byju's in talks to go public via SPAC route'

'Edtech startup Byju's in talks to go public via SPAC route'

Thu, Dec 16, 2021

Byju`s has held talks with several potential SPAC partners and was working out an agreement with Michael Klein`s Churchill Capital, Bloomberg reported, adding that the startup would raise a total of about $4 billion and seek a valuation of about $48 billion.

BYJU's Aakash Acquisition News: $1 billion deal confirmed! Strategic merger! TOP DETAILS you need to know

BYJU's Aakash Acquisition News: $1 billion deal confirmed! Strategic merger! TOP DETAILS you need to know

Tue, Apr 06, 2021

BYJU's Aakash Acquisition Deal News: The deal size is pegged at close to $1 billion.

Byju's, online learning app, bags $150 mn from Qatar Investment Authority; here is what it is for

Byju's, online learning app, bags $150 mn from Qatar Investment Authority; here is what it is for

Wed, Jul 10, 2019

The online learning app, Byju's confirmed that it has received an investment of $150 million from Qatar Investment Authority (QIA) on Wednesday. The Qatar Investment Authority is Qatar's state-owned holding sovereign wealth fund company.

Indian tech firm Byjus raises $50 million from Chan Zuckerberg Initiative, others

Indian tech firm Byjus raises $50 million from Chan Zuckerberg Initiative, others

Thu, Sep 08, 2016

India's leading education technology provider Byjus on Thursday announced raising $50 million (Rs 333 crore) from Chan Zuckerberg Initiative (CZI) and four venture capital partners to fund its expansion plans. The four partners are Sequoia, Sofina, Lightspeed and Times Internet.

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