Tag: byjus funding

Byju’s To Lay Off 500 Employees Amid Financial Crunch: Report

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Byju’s To Lay Off 500 Employees Amid Financial Crunch: Report

Byju’s rose to dizzying heights before facing a slew of challenges. (Representational) New Delhi: Byju’s is laying off about 500 employees, including from sales, amid a financial crunch, sources said, even as the troubled edtech firm maintained that it is in the final stages of business restructuring to streamline operations. The layoff in the embattled…

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Mystery Of Byju’s ‘Hidden’ $533 Million Stuck In Offshore Trust

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Mystery Of Byju’s ‘Hidden’ 3 Million Stuck In Offshore Trust

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…

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