Tag: byjus funding
Byju’s: Byju’s seeks $200 million in rights issue at $250 million valuation amid deep cash crunch
Troubled edtech firm Byju’s has kickstarted a right issue to raise up to $200 million, effective today, as per a notice sent to investors –…
byjus news: BCCI initiates insolvency plea against Byju’s over unpaid dues
The Board of Control for Cricket in India (BCCI) has filed a corporate insolvency plea against Byju’s for allegedly defaulting on the payment of Rs…
byjus funding: For more capital, Byju’s must pass a tough test
Top shareholders at Byju’s have demanded the company meet certain conditions before they consider any future capital infusion into the beleaguered edtech firm that is…
Byju Raveendran: ED issues show cause notice of Rs 9,362 crore to Byju’s for forex violation
The Enforcement Directorate, late Tuesday, confirmed it has issued show cause notices to Byju’s parent Think & Learn and its founder and chief executive Byju…
Byju’s: Byju’s says it will file much-delayed financial results this week
Troubled edtech startup Byju’s said it will report financial results for the year through March 2022 this week, after more than a year’s delay. Byju’s,…
byju s: Byju’s to hold board meeting to approve delayed FY22 financials
Edtech major Byju’s issued a statement on Saturday saying it will call for a meeting to present its audited FY22 financials to the board and…
byju s: Delaware Court rejects Byju’s TLB lenders’ request to investigate $500 million transfer
A Delaware court has rejected a request by edtech major Byju’s Term Loan B lenders to investigate into $500 million transfer from its US-based subsidiary…
byjus: Explainer: Byju’s battles auditor criticism, board exits
Education technology giant Byju’s, one of India’s biggest startups valued at $22 billion last year, has run into problems, from lawsuits and auditing issues to…
byjus layoffs: Byju’s begins another round of layoffs; to impact 500-1,000 employees
Edtech major Byju’s is undertaking another major round of layoffs which is expected to impact at least 500-1,000 full time employees across teams, as the…
byjus: Byju’s Alpha sued by loan agent for $1.2 billion
One of India’s hottest tech companies, Byju’s Alpha, was sued by an agent for lenders owed $1.2 billion after months of negotiations between creditors and…