Page 11 - Latest Updates on Byju Raveendran
Top Headlines: Byju's focus on profit; YES Bank sells stressed loans
After reporting a loss of Rs 4,588 crore in 2021 fiscal, Byju Raveendran, the founder and CEO of the world's most valuable edtech firm Byju's, has told employees
 "Top Headlines: Byju's focus on profit; YES Bank sells stressed loans")
Byju's focusing on profitable growth, $2 bn revenue in sight: CEO to staff
Byju's, which is valued at $22 billion, said last week it had earned Rs 2,428 crore in revenues in FY21 and incurred a loss of Rs 4,588 crore
 "Byju's focusing on profitable growth, $2 bn revenue in sight: CEO to staff")
Did Byju's bite off more than it could chew?
Education technology company Byju's FY21 revenues came in flat, and its losses have widened about 20 times. While it may survive this crisis, questions still remain around the future of the unicorn
 "Did Byju's bite off more than it could chew?")
TMS Ep261: BYJU's revenue, D2C brands, consumer financiers, Project Cheetah
Did BYJU's bite off more than it can chew? What explains the great Indian brand rush? Is it the right time to invest in consumer financiers? What is Project Cheetah? Answers here
 "TMS Ep261: BYJU's revenue, D2C brands, consumer financiers, Project Cheetah")
Deloitte sought two key changes to Byju's FY21 financials: Report
In the results, declared on Wednesday after a delay of over 18 months, Byju's recorded a revenue of Rs 2,280 crore. The loss for FY21 stood at Rs 4,500 crore
 "Deloitte sought two key changes to Byju's FY21 financials: Report")
We are being penalised far more than we should have been: Byju Raveendran
In growing fast, we would have overlooked a few things and that's why we are being penalised a lot more than we should have been
 "We are being penalised far more than we should have been: Byju Raveendran")
With a loss of Rs 4,588 crore, Byju's FY21 report card has many red marks
Raising hopes for the subsequent year, 2021-22, the company disclosed unaudited results that show nearly Rs 10,000 crore in gross revenues
 "With a loss of Rs 4,588 crore, Byju's FY21 report card has many red marks")
Byju's audited revenue expected to be lower than projected numbers
Byju Raveendran, co-founder and the CEO of the unicorn, has briefed the shareholders and the board members about the difference
Fund-raising drive on track, majority of the $800 mn received, says Byju's
The firm said its payments to education firm Aakash for a $1-billion deal struck last year have concluded and the audited financial results will be out in 10 days
Byju's clears $950-mn payment to Aakash, completes $800-mn fund raise
Byju's founder and CEO Byju Raveendran has made a personal investment of $400 mn of the total $800 mn raised in the latest funding round by the edtech company
Krishna Vedati named as Byju's president for global growth and strategy
He will report to co-founder and CEO Byju Raveendran and join the company's executive committee
Byju's COO Mrinal Mohit may head India ops as Raveendran focuses on global
Founder may look at the US and Middle East, has been meeting investors and potential acquisition target firms there, say sources
 "Byju's COO Mrinal Mohit may head India ops as Raveendran focuses on global")
Byju's CEO set to focus on global biz, COO Mrinal Mohit to handle India mkt
BYJU'S in March announced a new partnership with QIA, the sovereign wealth fund of Qatar, to launch a new edtech business and state-of-the-art research centre in Doha
 "Byju's CEO set to focus on global biz, COO Mrinal Mohit to handle India mkt")
Byju's in talks with lenders for $1 billion to fund acquisition plans
The Bangalore-based market leader is in talks with banks, including Morgan Stanley and JPMorgan Chase & Co., for the funding to acquire another edtech company, people familiar with the matter said
BYJU's faces litmus test as edtech bubble bursts in India
As India reopens amid 'hybrid normal' and schools and colleges return to normal, edtech platforms see a significant dip in the demand for online learning
 "BYJU's faces litmus test as edtech bubble bursts in India")
Byju's CEO raising $400 mn loan to invest in edtech giant's $800 mn round
Move is part of firm's confidence-building measure to show founder is bullish on the biz and help shore up investor interest, say sources
 "Byju's CEO raising $400 mn loan to invest in edtech giant's $800 mn round")
Byju's CEO pumps 50% of $800 mn in latest fundraise; valuation tops $22 bn
In June 2021, Byju's became India's most valuable unicorn
Byju's raises $800 mn in funding led by founder at $22-bn valuation
The investment comes at a time when the company is gearing to come up with its initial public offer in the next 9-12 months
Tata's Air India win to Zee-Sony deal: 2021, year that was for businesses
After a year of disruptions, businesses were better prepared in 2021, not only adjusting to the new normal but also making the most of it
 "Tata's Air India win to Zee-Sony deal: 2021, year that was for businesses")
How have edtech major Byju's acquisitions panned out?
Byju's recently acquired Austrian math learning company GeoGebra. How have the startups acquired by BYJU's have performed since their take over? Let's understand this in our next report
 "How have edtech major Byju's acquisitions panned out?")
