Image Credits: Manjunath Kiran / Getty Images Following months of behind-the-scenes conflict, Byju’s and some of its biggest investors are now airing their complaints about one another publicly. Byju’s, once India’s most valuable startup, said Friday its investors do not have the voting right to seek leadership changes, a day after a group of shareholders …
Image Credits: Christopher Pike / Bloomberg / Getty Images A group of large investors in Byju’s has called for an extraordinary general meeting where they seek to change the leadership at Byju’s days after the edtech group launched a rights issue at $25 million pre-money valuation. The consortium of investors said it has called for …
Image Credits: Paul Yeung / Bloomberg / Getty Images Byju’s, the world’s most valuable edtech startup, has cut its valuation ask by 99% in a rights issue it launched Monday as the Indian firm scrambles to meet its liabilities and operational costs. The startup is looking to raise $200 million in the rights issue, capital …
Byju Raveendran, the founder of edtech major Byju’s, had a closed-door meeting with 50 of the firm’s top leaders, to discuss the current situation and assuring them that this was a war on multiple fronts that they would ultimately win. The meeting came amid a liquidity crisis faced by the firm, as it tries to …
Byju Raveendran has raised debts of about $400 million on a personal level. (File) Byju Raveendran, the eponymous founder of edtech titan Byju’s, has pledged his home as well as those owned by his family members to raise money for paying employees as the company battles a cash crunch, according to people familiar with the …
Byju’s was founded by Byju Raveendran and his wife Divya Gokulnath New Delhi: The Enforcement Directorate (ED) has issued a notice to edtech major Byju’s, asking it to pay Rs 9,000 crore for allegedly violating foreign funding laws, sources have said. The company has, however, denied receiving any such communication from the authorities. According to …
Mumbai: Manipal Education and Medical Group founder Ranjan Pai’s family office on Friday acquired the debt held by Davidson Kempner in Aakash Education Services Ltd for ₹1,400 crore as part of a larger deal which will also lead to private equity firm Blackstone exiting Aakash Education Services within a month, people in the know said. …
Image Source : BYJU (WEBSITE SCREENGRAB) Byju’s appoints ex-upGrad chief Arjun Mohan as CEO Byju’s Appoints Arjun Mohan as CEO of its International Business Edtech leader, Byju’s, has officially named Arjun Mohan as the CEO of its international business. Mohan, former chief of upGrad, will take on the role while Byju Raveendran remains the group …