Byju's

Byju’s clears part of salary dues for March ahead of NCLT hearing: Report

Apr 22, 2024, 07:46 PM IST

Byju’s has already initiated layoffs on phone calls, letting go about 100 to 500 employees without putting them on a performance improvement plan (PIP) or having them serve a notice period

Byju’s India CEO Arjun Mohan quits, 'start of a leaner outfit' says Byju Raveendran

Apr 15, 2024, 03:22 PM IST

Byju's CEO Arjun Mohan has resigned from his position just about seven months after he took over

‘I continue to remain CEO’: Byju Raveendran asserts continued leadership amidst company turmoil

Feb 25, 2024, 01:06 AM IST

Addressing concerns stemming from recent developments, Raveendran communicated to his staff through a memo on Saturday, firmly declaring his ongoing role as CEO amidst speculation of his potential removal by investors.

Key Investors Move NCLT Against Byju’s Rights Issue

Feb 24, 2024, 02:26 AM IST

A group of four investors in BYJU'S is learnt to have moved the Bengaluru Bench of the National Company Law Tribunal on Friday with a petition alleging oppression and mismanagement of the company by the current management. The petition, news reports claimed, has been signed by four investors, Prosus, GA, Sofina and Peak XV. This came after the extraordinary general meeting called by investor shareholders was initially disrupted with hundreds trying to join the meeting via Zoom, with names like "Sir Michael Knight" and "Natalia Cruz," and unknown individuals impersonating investors. Despite phishing attacks and cancellation notifications, the meeting commenced on schedule. From 170 attempted attendees, only 37 were verified, including 8 Byju's employee-shareholders, 5 legal representatives, and 24 investors. Watch Business Today Television's special report on what unravelled during the EGM.

Troubled edtech firm Byju's vacates 4 lakh sq ft office space in Bengaluru: Report

Feb 20, 2024, 02:24 PM IST

Education technology firm Byju's, struggling financially, has vacated a 400,000 sq ft office space in Bengaluru in an attempt to cut costs.

'Have been moving mountains for months': Byju Raveendran after Byju's pays January salaries

Feb 04, 2024, 10:30 PM IST

The development came days after reports suggested that the company delayed salaries for the month of January.

My head is bloody, but unbowed: Byju Raveendran writes to shareholders

Jan 30, 2024, 12:32 PM IST

In his missive to shareholders, Raveendran announced the company’s launch of a $200 million rights issue aimed at bolstering ongoing capital expenditure and supporting general corporate objectives.

Byju's to slash valuation by over 90% to raise fresh funds: Report

Jan 23, 2024, 08:47 PM IST

Byju's, once among the world's most valuable startups, faced many challenges with venture capital funding and the demand for online learning becoming scarce in a post-Covid world.

Start-Up Angels: Women Entrepreneurs Spearheading Mamaearth, MyGlamm, Nykaa and More Transform India’s Start-Up Landscape. BT Magazine’s The Point Decodes Entrepreneurial Journey

Dec 19, 2023, 11:44 PM IST

Start-Up Angels: Women entrepreneurs spearheading Mamaearth, MyGlamm, Nykaa & more transform India’s start-up landscape. BT Magazine’s The Point decodes their entrepreneurial journey in numbers.

Byju's schedules crucial board meeting for FY22 financial approval; results expected second week of October

Oct 01, 2023, 12:50 AM IST

Byju’s has issued a statement indicating that the board of directors, in conjunction with the advisory council and select invitees, will formally endorse the audited financial accounts.

Byju's implements strict social media policy amidst company restructuring, says report

Sep 27, 2023, 09:27 PM IST

Since 2022, the edtech company has faced criticism for laying off over 5,000 employees, delaying appraisals, withholding provident fund payments, and withholding performance-linked pay.

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