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NCLAT judge recuses from hearing Raveendran's plea against insolvency proceedings of Byju

NCLAT judge recuses from hearing Raveendran's plea against insolvency proceedings of Byju

Mon, Jul 29, 2024

The matter was listed on Monday before a two-member Chennai-based bench of the NCLAT comprising Justice Sharad Kumar Sharma, Member (Judicial), and Jatindranath Swain, Member (Technical).

NCLT accepts BCCI insolvency plea against Byju's, ed-tech firm to challenge decision

NCLT accepts BCCI insolvency plea against Byju's, ed-tech firm to challenge decision

Tue, Jul 16, 2024

According to sources close to the development, the company is planning to challenge the NCLT order in the National Company Law Appellate Tribunal (NCLAT).

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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Struggles continue for Byju's as Prosus slashes valuation again! What's next for India's edtech giant?

Struggles continue for Byju's as Prosus slashes valuation again! What's next for India's edtech giant?

Wed, Jun 28, 2023

Prosus, the largest stakeholder in Byju's, has slashed the fair value of its investment in the struggling edtech giant to $5.1 billion. This is the second time in six months that Prosus has reduced the valuation of its stake in Byju's.

Delaware Court rejects TLB lenders' request to investigate BYJU'S $500M transfer

Delaware Court rejects TLB lenders' request to investigate BYJU'S $500M transfer

Wed, Jun 28, 2023

TLB Lenders, through their agent, GLAS Trust Company, have filed suit against BYJU'S US-based subsidiary for moving out USD 500 million from BYJU'S Alpha and on other issues around TLB -- a loan which is issued by institutional investors.

BYJU'S promises investors to close FY22 audit by Sept, FY23 by Dec

BYJU'S promises investors to close FY22 audit by Sept, FY23 by Dec

Mon, Jun 26, 2023

Edtech major BYJU'S has committed its investor to close the long-pending audit of the financial year 2022 by September and fiscal year 2023 by December, according to sources aware of the development.

Deloitte resigns as BYJU'S auditor, edtech firm ropes in BDO for audit

Deloitte resigns as BYJU'S auditor, edtech firm ropes in BDO for audit

Fri, Jun 23, 2023

Audit firm Deloitte has resigned as auditors of Byju's citing a delay in submission of financial statements while almost simultaneously three of the edtech firm's board members have quit in what is being seen as a deepening crisis at the decacorn.

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.

Byju's unveils new AI models to personalise learning for students

Byju's unveils new AI models to personalise learning for students

Thu, Jun 08, 2023

Byju's, the Indian edtech giant, has unveiled three new AI models to personalize learning for students.The model–Badri, MathGPT, and TeacherGPT– are designed to identify knowledge gaps, resolve math problems, and provide personalised guidance and grading. Byju's says the models will help students learn more effectively and efficiently.

Byju’s Raid: Why is the edtech startup under ED scanner?

Byju’s Raid: Why is the edtech startup under ED scanner?

Tue, May 02, 2023

Enforcement Directorate (ED) conducted searches at 3 premises of Byju's in Bengaluru. Watch the video to find out why Byju's has been under scrutiny.

MP consumer court asks Byju's, SRK to return fees & pay compensation

MP consumer court asks Byju's, SRK to return fees & pay compensation

Mon, May 01, 2023

The woman named Priyanka Dikshit had complained that she was encouraged to take admission to Byju`s coaching (course) for preparation of IAS in 2021 and had deposited Rs 1.8 lakh fees, but no coaching facility was provided to her.

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 all set to raise $500-$700 million led by top VC firms

BYJU's all set to raise $500-$700 million led by top VC firms

Tue, Apr 04, 2023

In order to turn profitable, BYJU`s is winding up coding platform WhiteHat Jr, which it acquired for $300 million, as part of restructuring and cut costs. The company had said it was "merely optimising it".

International Women's Day 2023: BYJU's Gokulnath talks about Women Entrepreneurship, Digital India

International Women's Day 2023: BYJU's Gokulnath talks about Women Entrepreneurship, Digital India

Wed, Mar 08, 2023

In an exclusive interaction with Zee Business, Divya Gokulnath of Byju's talks about how digital initiatives are playing an important role in girls' education thereby paving path to create more successful women entrepreneurs. She also speaks about the challenges entrepreneurs may face and the support system they need.

BYJU'S denies buying student databases after NCPCR allegation

BYJU'S denies buying student databases after NCPCR allegation

Thu, Dec 22, 2022

The company said that with more than 150 million registered students, "we do not need to buy or use external databases".

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.

Aapki Khabar Aapka Fayda: Why It Sectors Is Facing Huge Layoffs? Is This Fear Of Recession? Watch This Special Report

Aapki Khabar Aapka Fayda: Why It Sectors Is Facing Huge Layoffs? Is This Fear Of Recession? Watch This Special Report

Tue, Nov 08, 2022

Recently, Twitter fired more than 90% of its employees in India. At the same time, Meta is planning to begin layoffs that will affect thousands of workers from this week. A few months ago, the Unacademy fired 600 people in April. This year Byju's fired 5000 people. Vedanta fired 724 employees so far. According to reports, hundreds of freshers who have received offers from tech giants have seen their offer letters getting canceled after a delay of around 3-4 months in the onboarding process. Why IT sectors is facing huge layoffs? Is this fear of recession? Watch this special report of Aapki Khabar Aapka Fayda.

BYJU's takes Rs 300 cr loan from subsidiary Aakash for 'principal business activities'

BYJU's takes Rs 300 cr loan from subsidiary Aakash for 'principal business activities'

Fri, Oct 28, 2022

BYJU'S Aakash has grown more than 100 per cent since its acquisition last year.

Sequoia India may invest $50 million in homegrown edtech startup

Sequoia India may invest $50 million in homegrown edtech startup

Thu, Oct 27, 2022

Another subsidiary of K12, Sparkle Box, sells child-oriented activity kits through its e-commerce store.

BYJU`s clears Rs 2,000 cr dues to VC firm Blackstone in $1 bn Aakash deal

BYJU`s clears Rs 2,000 cr dues to VC firm Blackstone in $1 bn Aakash deal

Sat, Sep 24, 2022

Edtech major BYJU`s has finally paid the remaining dues of nearly Rs 1,983 crore (over $245 million) to global VC firm Blackstone in the $1 billion acquisition of Aakash Educational Services.

Highest ever in one tranche by any venture capital fund! Sequoia raises USD 2.85 billion to fund Indian startups, others

Highest ever in one tranche by any venture capital fund! Sequoia raises USD 2.85 billion to fund Indian startups, others

Tue, Jun 14, 2022

Venture capital firm Sequoia India and Southeast Asia has raised USD 2.85 billion - the highest ever in one tranche by any venture capital fund - to fund startups and other ventures in the region, the company said in a statement.

Byju's, NITI Aayog partner to provide free education to children in 112 Aspirational Districts

Byju's, NITI Aayog partner to provide free education to children in 112 Aspirational Districts

Fri, Sep 17, 2021

Edtech major Byju's on Friday said it has partnered with NITI Aayog to provide free access to its tech-driven learning programmes for children from 112 'Aspirational districts' of the country.

BYJU announces 'Let's Talk' initiative for employees' well-being

BYJU announces 'Let's Talk' initiative for employees' well-being

Sun, Oct 11, 2020

The initiative aims at prioritising mental and emotional health and sensitising employees with the concept of counselling.

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