Troubled edtech firm Byju’s founder, Byju Raveendran, said in an email to his employees that their salaries will be paid promptly as soon as he regains control of the company’s accounts, even if it requires taking on more debt. “When we regain control, your salaries will be paid promptly, even if that means raising more …
The missing money is at the heart of a dispute between lenders owed $1.2 billion and the startup. Image: Bloomberg 2 min read Last Updated : Jul 23 2024 | 8:01 AM IST By Steven Church and Reshmi Basu US lawyers for units of the troubled Indian tech firm Byju’s want to quit defending their …
Image Credits: Dhiraj Singh / Bloomberg / Getty Images Camshaft disclosed in court filings this week that some $533 million it managed for Byju’s Alpha, a U.S. unit of Indian edtech group Byju’s, was transferred to another 100% and U.S.-based subsidiary of Byju’s, thereby refuting allegations that the Indian firm used the wealth manager’s services …
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 …
BENGALURU :Eruditus, founded in 2010 by Chaitanya Kalipatnapu and Ashwin Damera and headquartered in Singapore, is evaluating if it would be feasible for the executive education startup to move its base to India to capitalise on growing opportunities in the market. “It is a fact that the Indian stock markets are far more attractive than …