Tag: byjus
Byju’s US unit files for bankruptcy in Delaware
A U.S. unit of Indian education technology startup Byju’s has filed for Chapter 11 bankruptcy proceedings in the U.S. court of Delaware, listing liabilities in…
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 –…
aakash institute: Pai in the Sky: Ranjan to own 40% of Aakash
Ranjan Pai, chairman of Manipal Education and Medical Group, is set to emerge as the largest shareholder in Byju’s-owned Aakash Institute, with a 40% stake,…
byju’s: Byju’s wants BCCI dispute in arbitration; NCLT defers matter to February 7
India’s edtech behemoth Byju’s informed the National Company Law Tribunal (NCLT), Bengaluru, Wednesday, that it had referred its dispute with the Board of Control for…
udaan funding: Udaan valuation dives to $1.8 billion in down round
Business-to-business (B2B) ecommerce company Udaan’s valuation has fallen by nearly half to around $1.8 billion in a down round, marking one of the most precipitous…
aakash institute: Byju’s-owned Aakash Institute reports 82% rise in FY22 profit to Rs 79.5 crore
In its first full year of operations as a Byju’s-owned company, test-prep business Aakash Institute reported an 82% rise in total profit to Rs 79.5…
byjus: Byju’s general counsel Roshan Thomas resigns from crisis-hit edtech
Byju’s general counsel Roshan Thomas has resigned from the company adding to the spate of senior-level exits at the trouble edtech firm over the past…
byju raveendran: Byju’s founder Byju Raveendran pledges homes to raise funds for staff salaries
Byju Raveendran, the eponymous founder of Indian edtech titan Byju’s, has pledged his home as well as those owned by his family members to raise…
byjus: Fema breach: ED flags failure to submit papers, delays by Byju’s
The Directorate of Enforcement (ED) has alleged a slew of violations under the foreign exchange law, including failure to submit crucial documents in time as…
byjus: Byju’s says fully compliant with FEMA regulations amid ED probe
Edtech major Byju’s on Wednesday said it will continue to maintain complete adherence to all relevant Foreign Exchange Management Act (FEMA) regulations. A company spokesperson…