Page 8 - Latest Updates on Byju Raveendran
Star founder Raveendran broke down in tears as crises engulfed Byju's
Without easy access to global capital, companies are now facing greater scrutiny over corporate governance, jeopardizing India's quest to pull even with the US and China as a tech capital of the world
 "Star founder Raveendran broke down in tears as crises engulfed Byju's")
Byju's 'regularly disregarded' advice on key matters, says Prosus
Dutch-listed firm breaks silence on its director's exit, says he was unable to fulfil his fiduciary duty
 "Byju's 'regularly disregarded' advice on key matters, says Prosus")
Byju's reaches agreement to rework terms of $1.2 billion loan: Report
If the loan terms are reworked successfully, the creditors are expected to drop their demand for accelerated repayment
 "Byju's reaches agreement to rework terms of $1.2 billion loan: Report")
Byju's vacates its biggest office at Kalyani Tech Park, Bengaluru: Report
By giving up the 558,000 sq ft office space, Byju's might save up to Rs 3 crore per month in rent
 "Byju's vacates its biggest office at Kalyani Tech Park, Bengaluru: Report")
Rajnish Kumar, Mohandas Pai to join edtech major Byju's advisory body
Firm appoints ex-upGrad chief as overseas business CEO
Byju's CEO speaks to shareholders, firm to set up board advisory committee
CFO says audit of Aakash, WhiteHat Jr, and Think & Learn currently underway
Byju's promoters have sold stake worth $408.5 mn since 2015-16: Report
This has taken the promoter shareholding in Byju's to 21.2 per cent currently from 71.6 per cent in 2015-16
 "Byju's promoters have sold stake worth $408.5 mn since 2015-16: Report")
Amid deep financial crisis, Byju's and Shah Rukh Khan may part ways
In 2017, Byju's signed Shah Rukh Khan for an annual payment of around Rs 4 crore
 "Amid deep financial crisis, Byju's and Shah Rukh Khan may part ways")
Edtech start-up Byju's and lenders renew talks to restructure $1.2 bn loan
Byju's and its lenders have been mired in a conflict for several months following rounds of failed negotiations to revamp its loan agreement
 "Edtech start-up Byju's and lenders renew talks to restructure $1.2 bn loan")
Edtech giant Byju's to raise funds by paring stake in subsidiary Aakash
According to a media report by ET Now, Byju's parent firm Think & Learn is planning to sell almost 20 per cent stake in the company
The Byju's story: What is ailing India's once booming start-up sector?
While Byju's has stumbled and may well fall, one must hope that most start-ups learn to thrive in the changed context. The economy would be much less vibrant without them, writes T N Ninan
Rise above the noise: Byju Raveendran talks 'struggles', not layoffs
In a townhall, Raveendran tells employees edtech is not a 'pandemic phenomenon'
 "Rise above the noise: Byju Raveendran talks 'struggles', not layoffs")
Prosus NV slashes valuation of edtech giant Byju's to $5.1 billion
Prosus had downsized the value of its 9.6% stake in Byju's to around $493 million in the financial year ended March 31, the report added
Edtech giant Byju's seeks to raise $1 billion to stave off investor revolt
The education startup is offering benefits to the potential investors, including preferential treatment in the case of liquidation, the report said
Byju says firm's $22 billion valuation intact, accepts past mistakes
Raveendran told the shareholders that discussions were on for several weeks regarding the reconstitution of the board to strengthen processes
Edtech major Byju's tells investors it will file 2022 earnings by Sept
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
Byju's early investor Pai calls for better governance after auditor exit
Deloitte disclosed on Thursday that it was resigning as auditor because Byju's had delayed providing financial statements for 2021-22
Edtech major Byju's in talks with investors who quit board to reconsider
Byju's investors had in recent months raised concerns with the company's leadership related to audit delays and how it dealt with issues relating to its lenders, one source said
A hard lesson for Byju's Raveendran amid mass firings, delayed results
The former teacher from the southern state of Kerala got carried away. In 2015, just as a smartphone revolution was about to kick off in India, he launched a learning app
Open to resolving disputes; won't do one-on-one meetings: Lenders to Byju's
According to sources, Byju's wants to do one-on-one meetings with lenders instead of having a group talk to influence them individually and split the group of ad hoc lenders
