Amidst growing trouble in the edtech firm Byju’s, company’s CEO Byju Raveendran told employees that he continues to remain the chief executive officer of the company. On Saturday, Mr Raveendran wrote a letter to his employees denying media reports of him being ousted as the company’s CEO and called the media reports “greatly exaggerated and …
Four investors of edtech firm Byju’s have filed a mismanagement suit in the NCLT, seeking the removal of CEO and founder Byju Raveendran from the board of directors, reported PTI. Byju’s CEO Byju Raveendran This comes when Byju’s investors are in the middle of an emergency meeting, ready to vote on the ouster of CEO …
An extraordinary general meeting (EGM) called by some investors of embattled edtech firm Byju’s remains in focus as it seeks to remove the company’s founder and CEO Byju Raveendran and his family from leadership roles over mismanagement and other challenges. For many months, several investors of Think and Learn Private Limited, the parent company of …
Image Credits: Christopher Pike / Bloomberg / Getty Images A group of Byju’s investors on Friday voted to remove the edtech group’s founder and chief executive Byju Raveendran and separately filed an oppression and management suit against the leadership at the firm to block the recently launched rights issue in a surreal moment for the …
New Delhi: In more trouble for edtech giant Byju’s, the Enforcement Directorate has barred its founder Byju Raveendran from travelling outside the country. The central agency has issued a lookout circular against the 43-year-old entrepreneur. Earlier, the ED had issued a lookout circular ‘on intimation’ meaning that immigration authorities would inform officials concerned about any …
Byju’s is run by Byju Raveendran with his wife Divya Gokulnath. New Delhi: Byju’s, run by billionaire CEO Byju Raveendran, was the poster child of India’s startup ecosystem and was expected to herald a change in pedagogy at schools and colleges. It reached a valuation of $22 billion in 2022 as its popularity rose by …
Byju Raveendran informed his employees that the January salaries have been paid. (File) BYJU’s has paid January salaries to its employees after reports suggested the ed-tech firm would delay payments for the month. In an email thanking his employees for not giving up, founder Byju Raveendran said he had to “move mountains” to make the …
With its shareholders now pushing for Byju Raveendran’s exit from the company, ed-tech company Byju’s continues to grapple with a financial crisis. Meanwhile, the overseas lenders of the company are also applying pressure on Byju’s for the missed payments. Byju Raveendran of Think and Learn Pvt. Ltd that runs edutech start-up Byju’s. (Livemint) {{^userSubscribed}} {{/userSubscribed}} …
Edtech company Byju’s’ shareholders are seeking to oust the company’s founders and bring in a change to its leadership. This comes after the edtech giant laid off thousands of employees and saw its valuation take a nosedive. Just two years ago, in 2022, Byju’s was one of the hottest startups, controlled by billionaire Byju Raveendran. …
Cash-strapped edtech major Byju’s senior leadership has rallied behind CEO and founder Byju Raveendran as the company deals with crises on all fronts. In a letter, the edtech firm’s entire leadership, including India head Arjun Mohan, CFO Nitin Golani, and others, expressed confidence in Byju Raveendran’s leadership. businessline has reviewed a copy of the letter. …