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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 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” »
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” »
A view of the logo of Vedanta installed on the facade of its headquarters, in Mumbai. File | Photo Credit: Reuters Vedanta on October 24 said Chief Financial Officer (CFO) Sonal Shrivastava has resigned, amid a major structural overhaul announced last month. “Ajay Goel, currently incumbent CFO at Indian edutech start-up Byju’s, will return as…
Ajay Goel’s resignation will be a setback for Byju’s Vedanta Ltd. has picked the chief financial officer of ed-tech titan Byju’s to replace the current finance head, who is said to have quit after a few months in the job, ahead of an ambitious restructuring at Anil Agarwal’s mining conglomerate, according to people familiar with…
Read More “Byju’s CFO Ajay Goel Quits And Rejoins Vedanta To Oversee Restructuring” »
Layoffs in Byjus: With this, total number of employees at BYJU’s will fall to 31,000-33,000. New Delhi: Edtech major BYJU’s may lay off up to 3,500 employees during the current fiscal as it looks to consolidate teams and enhance regional focus, sources privy to the development said. According to one of the sources, BYJU’s had…
Read More “BYJU’s To Lay Off 3,500 Employees Overhired During Pandemic: Report” »
An IHOP diner in the Little Havana district of Miami, Florida. (File) One of India’s hottest tech companies, Byju’s, allegedly hid $533 million in an obscure three-year-old hedge fund that once said its principal place of business was an IHOP pancake restaurant in Miami, according to lenders trying to recover the cash. Byju’s last year…