Tag: byju’s news ed

Byju’s unable to pay salaries as rights issue funds locked in separate a/c amid rift with investors

Posted on By admin
Byju’s unable to pay salaries as rights issue funds locked in separate a/c amid rift with investors

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…

Read More “Byju’s unable to pay salaries as rights issue funds locked in separate a/c amid rift with investors” »

Business

Majority of Byju’s shareholders vote for removing CEO, family members; company calls vote invalid

Posted on By admin
Majority of Byju’s shareholders vote for removing CEO, family members; company calls vote invalid

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…

Read More “Majority of Byju’s shareholders vote for removing CEO, family members; company calls vote invalid” »

Business