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Byju's News

23 Oct 2024

SC Sets Aside NCLAT Order Halting Insolvency Proceedings Against Ed-Tech Byju

A bench of Chief Justice D Y Chandrachud, and Justices J B Pardiwala and Manoj Misra also reversed the order of the NCLAT approving Byju's Rs 158.9 crore dues settlement with the Board of Control for Cricket in India (BCCI) and directed the cricket board to deposit the settlement amount of Rs 158.9 crore with a committee of creditors.

07 Sep 2024

Byju's Auditor BDO Resigns Following Bankruptcy Proceedings, Company Reports

The Edtech firm is currently facing multiple challenges, including insolvency proceedings and a 1 billion dollar claim from US-based Glas Trust.

01 Aug 2024

Byju's Ex-Director Fined $10,000 Daily Until $533M Missing Fund Found

Lenders have demanded the return of 533 million dollars after Byju’s defaulted on its obligations.

31 Jul 2024

Byju's Settles Dues With BCCI; Riju Raveendran To Pay Rs 158 Cr In Outstanding

The BCCI on Tuesday told the NCLAT that it is starting settlement discussions with Byju Raveendran to resolve its dispute with Think and Learn Private Limited.

28 Mar 2024

NCLT Refuses To Defer Byju's EGM To Raise Capital Via Rights Issue

Last month, the NCLT directed Byju's to keep funds received from the rights issue in an escrow account till the disposal of the case.

11 Mar 2024

Byju's Gives Indefinite Work From Home To Employees, The Reason Is THIS

Byju's has given up office spaces as the leases expired, keeping only its Bengaluru-based headquarters at IBC, Knowledge Park, people close to the development told news agency IANS on Monday.

22 Feb 2024

DNA Exclusive: Analysis Of Factors Behind BYJU's Downfall

Tonight's edition of DNA dives into the factors contributing to BYJU's downfall, it underscores the need for accountability and transparency in corporate governance.

22 Feb 2024

DNA: ED issues look out notice against Byju's founder Raveendran

02 Feb 2024

Byju's Saga: January Salary Delayed, US Unit Files For Bankruptcy

The company had earlier listed February 1 for the January salary pay-out for its employees, which has now been delayed and there is no communication, according to sources.

Byju Raveendran

05 Dec 2023

Byju Raveendran Pledges Family Homes To Raise Funds For Salaries Of Employees

A Bloomberg report has said that Byju Raveendran has taken the personal loan of about Rs 100 crore against his home to pay the salary.

21 Nov 2023

Byju’s Denies Receiving Any Notice From ED Over Violation Of FEMA

In a statement to IANS, the company “unequivocally denied” media reports that it was going to receive any ED notice. “The company has not received any such communication from the Enforcement Directorate,” a company spokesperson said.

15 Oct 2023

Govt Exams-Focused EdTech Adda247 Cuts 250-300 Jobs Across Verticals: Report

Founded by Anil Nagar and Saurabh Bansal in 2016, Adda247 caters to the learning needs of millions of students from tier 2 and 3 cities. Meanwhile, edtech major Byju's has announced to lay off 4,000-5,000 employees in a “business restructuring exercise”.

01 Oct 2023

Byju's Misses Deadline To File FY22 Financials Will Now Be Released In Oct

In a statement, the company said it will convene a board meeting in the second week of October "for approval and adoption of accounts for FY22".

27 Sep 2023

Indian EdTech Byju's To Slash 5,000 Jobs Amid Business Restructuring: Report

The job cuts are being implemented only at Byju's parent, Think & Learn (THIK.NS), and are not linked to any of its subsidiaries, the report said, adding that a significant number of roles to be made redundant would constitute senior positions at the firm.

29 Aug 2023

Byju's Chief Business Officer Prathyusha Agarwal & Two Senior Execs Quit

Agarwal had joined Byju's in February 2022 from Zee Entertainment Enterprises (ZEE.NS). Two other business heads - Himanshu Bajaj and Mukut Deepak - have also left, the company, once India's most valuable startup, said.

28 Jul 2023

Where Do I Go? How Will I Eat? Byju's Employee's Heart-wrenching Plea --Watch

Akansha said she was devastated when she was abruptly informed that she must resign by July 28 or face the consequences of not receiving her salary on August 1.

29 Jun 2023

“Things Are Not As Bad As You...," Byju's CEO Message To Employees

According to a remark from Byju Raveendran in the Economic Times, "things are not as bad as you think - as you read in the media, for sure." He added that the startup is now more effective than it was six months ago.

27 Jun 2023

India's Byju's Seeks To Raise $1 Billion To Stave Off Investor Revolt - Report

Byju seeks to close a round within two weeks, according to the report.

25 Jun 2023

81% Of Edtech Platform Users Face Refund, Trust Issues: Survey

The query around the kind of issues that edtech users face received nearly 12,000 responses comprising issues around teaching staff changes/ effectiveness issues, refund issues, and trust issues like false promises and transparency issues.

25 Jun 2023

BYJU's To File 2022 Earnings By September, Company Informs Investor

Deloitte said on Thursday it was severing ties with Byju's, one of India's most successful startups, over its "long-delayed" financial statements for the year ended March 2022. Board members representing Peak XV Partners, earlier known as Sequoia Capital India, Prosus and Chan Zuckerberg Initiative also stepped down, without publicly expressing their reasons

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