Byju’s was preparing to go public in early 2022 through an SPAC deal In what could be a shocker to many, edtech firm Byju’s, which was once valued at $22 billion, is now worth zero, according to a research note by financial firm HSBC. HSBC has assigned zero value to investment company Prosus’ nearly 10 …
Byju’s has asked about its14,000 employees to work from home (File) New Delhi: Edtech firm Byju’s has asked its14,000 employees to work from home as it vacated all its offices except the headquarters in Bengaluru amid the ongoing crisis. Sources told NDTV Profit that except for IBC Knowledge Park in Bengaluru – where over 1,000 …
Byju Raveendram claimed that the funds had been locked away. Amidst the ongoing financial crisis in Byju’s, company CEO Byju Raveendran on Saturday said that the edtech firm will not be able to pay the salaries of its employees. Mr Raveendran informed the news to his staffers in an email, wherein he also lashed out …
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 …
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 …
Byju’s had been working to sell assets and deal with the loan issue Lenders to Byju’s, once one of India’s hottest tech startups, properly cited a default on a $1.2 billion loan when taking over control of a unit of the education-technology provider, a Delaware judge concluded. The lenders – which include Redwood Investments LLC …