Page 10 - Latest Updates on Byju Raveendran
No question of mis-selling, sales team doesn't have rights: Byju's to NCPCR
Says that by design, every sale is unapproved until it is verified by a triple-layered audit mechanism that reaches out to the interested customer through SMS, audio and video calls
 "No question of mis-selling, sales team doesn't have rights: Byju's to NCPCR")
Byju's to undertake affordability test of parents before selling courses
The child rights organisation will meet with Byju's officials again on Monday for additional information and documents from the company
Byju's denies buying student databases after NCPCR Chief's allegation
Edtech major Byju's strongly denied reports by NCPCR that the company is allegedly buying phone numbers of children and their parents and threatening them to buy its courses
 "Byju's denies buying student databases after NCPCR Chief's allegation")
Byju's allegedly buying contacts of children, threatening parents: NCPCR
The child panel took action based on a news report that the company's sales team was engaging in dishonest behaviour to persuade parents to purchase their courses for their kids
 "Byju's allegedly buying contacts of children, threatening parents: NCPCR")
NCPCR summons BYJU's CEO Raveendran over allegation of malpractice
Apex child rights body NCPCR has summoned edtech BYJU's CEO over allegations that it is indulging in malpractices to lure parents and children to buy their courses
Will look into financial disclosures of Byju's, says ICAI president
Move comes in backdrop of Congress MP Karti Chidambaram's letter airing concerns over results
Brand ambassadors: An illusory fascination
Byju's appointment of Messi is a good example of the illusory fascination that companies harbour for celebrity endorsements
Byju's Aakash Educational Services IPO valuation likely to hit $4 billion
May pick the lead bank in 2 weeks and DRHP expected in Jan-Feb
 "Byju's Aakash Educational Services IPO valuation likely to hit $4 billion")
Byju's decides not to shut its Kerala centre after founder meets CM
Byju Raveendran reiterates his commitment to the state, says company spokesperson
Overall job cuts no more than 5% to avoid role duplication: Byju Raveendran
"I want to emphasise that the overall job cuts are not more than five per cent of our total strength," he said
 "Overall job cuts no more than 5% to avoid role duplication: Byju Raveendran")
Truly sorry to those who'll have to leave Byju's, says Raveendran to staff
The edtech giant has to sever 2,500 employees to avoid role duplication across businesses, says founder in a letter to employees
 "Truly sorry to those who'll have to leave Byju's, says Raveendran to staff")
Byju's takes Rs 300 crore unsecured loan from Aakash at a rate of 7.5%
Aakash Educational Services was acquired by Think and Learn Pvt, Byju's parent company, in April 2021 for a cash and stock deal worth $950 million
Byju's employees meet Kerala minister after 170 staff are 'asked to resign'
Byju's booked a loss of Rs 4,588 crore for the financial year ended March 31, 2021, 19 times more than the preceding year, according to its latest financial report
Byju's raises $250 mn from existing investors, valuation remains at $22 bn
Regardless of the adverse macroeconomic conditions, Byju's founder Byju Raveendran said 2022-23 is set to be the best year in terms of revenue, growth and profitability
 "Byju's raises $250 mn from existing investors, valuation remains at $22 bn")
Lawmaker Karti P Chidambaram asks ICAI to investigate Byju's finances
Says nearly 81% of Byju's operating revenue for FY2021 constitutes sale of products like tablets, SD cards and laptops, which is a blatant misrepresentation of facts to classify hardware as edutech
Will hire 10,000 teachers in next 6 months, says Byju's co-founder
The hiring strategy is going to play a key role in the company's optimisation plan as it looks to target profitability by March 2023
 "Will hire 10,000 teachers in next 6 months, says Byju's co-founder")
Ed-tech firm FrontRow lays off 75% of staff, day after Byju's move
Second round of sacking to save costs reduces FrontRow's headcount to 45 people
 "Ed-tech firm FrontRow lays off 75% of staff, day after Byju's move")
Byju's to lay off 2,500 staffers, targets profitability by March
The company is also realigning marketing spending to enhance its global footprint
This is why Byju Raveendran's last 6 months were 'toughest', reveals wife
BYJU's Co-founder Divya Gokulnath revealed that last 6 months were super tough for her husband not only on professional front, but also in personal life as his father was fighting late-stage cancer
Edtech major Byju's Rs 1,500-cr payment to Blackstone by September-end
The most-valued edtech start-up made headlines earlier this month after its FY21 numbers received an unqualified report from the company's auditor, Deloitte Haskins & Sells
