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Riju Ravindran failed to make a serious effort to find out what happened to the cash. A director of Indian tech firm Think & Learn Pvt faces financial penalties for defying a US judge’s order to find out where the troubled company stashed $533 million that jilted lenders say should go to them. Riju Ravindran,…
Read More “Byju’s Manager Riju Ravindran Not Truthful on Missing $533 Million, Says US Judge” »
Byju’s has announced change in sales strategy. | Photo Credit: REUTERS Edtech firm Think and Learn – owner of Byju’s brand – has slashed course subscription fees by 30-40% and hiked sales incentives by 50-100%, according to sources. Byju’s Founder and CEO Byju Raveendran, who has started handling the company’s daily operations, in a meeting…
Read More “Byju’s slashes course fees by 30-40%, ups sales incentives by 50-100%” »
A Byju’s logo is seen in this illustration taken, June 22, 2023. | Photo Credit: Reuters Byju Raveendran, the founder of the edtech company Think and Learn, which owns the Byju’s brand, will handle the firm’s day-to-day operations following the resignation of CEO Arjun Mohan, the company said on April 15. The company has also…
Byju Raveendran featured on the Forbes Billionaires list last year. (File) New Delhi: Byju Raveendran’s net worth a year ago was Rs 17,545 crore ($2.1 billion) and he featured in several prestigious ‘globe’s richest’ lists. However, according to the recently released Forbes Billionaire Index 2024, Mr Raveendran’s net worth has fallen to zero. This sharp…
Read More “Byju Raveendran’s Net Worth Was Rs 17,545 Crore A Year Ago. Today It Is…” »
Byju’s has asked about its14,000 employees to work from home (File) New Delhi: Edtech firm Byju’s has asked its14,000 employees to work from home as it vacated all its offices except the headquarters in Bengaluru amid the ongoing crisis. Sources told the NDTV Profit that except for IBC Knowledge Park in Bengaluru – where over…
Read More “Byju’s Shuts All Offices Except HQ, Asks 14,000 Employees To WFH: Report” »
Byju’s has witnessed a staggering decline of approximately 90 per cent in the past year. New Delhi: Edtech firm Byju’s parent company, Think & Learn Pvt, has found itself embroiled in a complex web of financial mismanagement, offshore dealings, and legal disputes. At the centre of it is $533 million, a Florida hedge fund, a…
Read More “Mystery Of Byju’s ‘Hidden’ $533 Million Stuck In Offshore Trust” »
Byju’s logo. | Photo Credit: REUTERS Byju’s founder Byju Raveendran on March 2 said the edtech company will not be able to pay salaries to employees as the recent funds raised through a rights issue are inaccessible due to a legal dispute with certain investors. In a letter to staff, Mr. Raveendran said the rights…
Byju’s said the resolutions taken at the meeting were “null and void” (File) New Delhi: Crisis-hit edtech star Byju’s has contested Friday’s decision of its shareholders to oust its founder as the chief executive officer. The company said the resolutions taken at the shareholders’ meeting were “invalid” since its founders were not present. “The resolutions…
Read More “Byju’s Contests Shareholders’ Move To Oust Byju Raveendran As CEO” »
Majority of Byju’s shareholders on Friday voted unanimously for removing founder CEO Byju Raveendran and his family from the board over alleged “mismanagement and failures” at what was once India’s hottest tech startup, but the company dug in its heels, calling the voting done in absence of founders as invalid and ineffective. Founder CEO Raveendran…
A file photo of Byju’s logo | Photo Credit: Reuters Edtech major BYJU’S top official said the company’s $200 million rights issue has been fully subscribed and asked all shareholders to participate in the “renewed mission”. Think and Learn Private Limited, which operates under BYJU’S brand name, has floated $200 million rights issue at less…
Read More “BYJU’S $200 million rights issue fully subscribed: CEO Byju Raveendran” »
