Page 6 - Latest Updates on Byju Raveendran
TMS Ep624: Byju's red flag, Bhavish's unicorns, markets, Parivesh 2.0
Is Byju's case a red flag for startup founders? Has Bhavish's 3rd unicorn cemented his startup success? Will the RBI change its stance in February policy? What is the Parivesh 2.0 portal? Answers here
Startup world gauges spillover effect of edtech firm Byju's web of crises
Byju's income grew to Rs 5,298.43 crore in FY22. But its losses widened to Rs 8,245.2 crore in FY22. Its total expenses for FY22 rose by 94 per cent to Rs 13,668.44 crore
 "Startup world gauges spillover effect of edtech firm Byju's web of crises")
Byju's pays Jan salaries; Raveendran says moving mountains to make payroll
"To be clear, this fight is only against a few vested interests who were trying to sabotage the company by impeding the rights issue," CEO Raveendran said in a letter addressed to the employees
 "Byju's pays Jan salaries; Raveendran says moving mountains to make payroll")
Byju's fights back: Investors have no voting rights on CEO change
The edtech company responded to statements from select investors calling for an extraordinary general meeting (EGM) to replace founder and group CEO Byju Raveendran
 "Byju's fights back: Investors have no voting rights on CEO change")
Byju's claims 'certain investors' are conspiring against company
Byju's is facing multiple challenges, including a cash crunch, delays in financial reporting and legal disputes with lenders
 "Byju's claims 'certain investors' are conspiring against company")
Edtech firm Byju's says investors have no voting rights on CEO change
At least six BYJU's investors have called for an Extraordinary General Meeting (EGM) to address issues at the edtech major and oust founders from having control over the firm
 "Edtech firm Byju's says investors have no voting rights on CEO change")
Byju's US unit files for bankruptcy, lists liabilities of $1 bn to $10 bn
US unit of Indian education technology startup Byju's has filed for Chapter 11 bankruptcy proceedings in the U.S. court of Delaware, listing liabilities in the range of $1 billion to $10 bn
 "Byju's US unit files for bankruptcy, lists liabilities of $1 bn to $10 bn")
Key shareholders of Byju's call for EGM, want CEO Raveendran to quit
The current board of Byju's parent Think and Learn mainly consists of Raveendran, his wife and Byju's co-founder Divya Gokulnath, and his brother Riju Ravindran
Shareholders Prosus, others call for ouster of Byju's founders in new salvo
'We are deeply concerned about the future stability of the company under its current leadership and with the current constitution of the Board,' the shareholders said in a statement
 "Shareholders Prosus, others call for ouster of Byju's founders in new salvo")
Byju's shareholders schedule meeting to oust edtech CEO and board: Report
This is the first time shareholders have banded together to issue a statement calling for a change in leadership at Byju's
 "Byju's shareholders schedule meeting to oust edtech CEO and board: Report")
Byju's to raise $200 million via rights issue from existing investors
Byju Raveendran said that Byju's is now less than a quarter away from achieving operational profitability
Focus on reducing losses, bring in efficiency: Byju's India CFO Golani
The company has taken various measures to improve the company's operating financial conditions including scaling down the underperforming businesses significantly
 "Focus on reducing losses, bring in efficiency: Byju's India CFO Golani")
FY22 report card: Edtech company Byju's losses widen to Rs 8,245.2 cr
Subsidiaries WhiteHat Jr, Osmo contributed to 45% of losses
 "FY22 report card: Edtech company Byju's losses widen to Rs 8,245.2 cr")
Edtech major Byju's to slash $22 bn valuation by 90% to raise fresh funds
The company is focusing on rebuilding its core business and will double down on recent attempts to jump on to the next big bandwagon in education
Here's how the world's most valuable learning app Byju's became a trap
The group is facing an acute liquidity crunch. Amid mass layoffs and deep losses, the former billionaire founder has sold his homes to pay salaries
 "Here's how the world's most valuable learning app Byju's became a trap")
Year Ender: 10 big events that shaped the Indian corporate world in 2023
From Hindenburg's report on the Adani Group to the signing of the biggest aircraft orders by Air India and Indigo, India saw several important corporate news in 2023. Here are the 10 most significant
 "Year Ender: 10 big events that shaped the Indian corporate world in 2023")
US-based Code.org sues Byju's-owned WhiteHat Jr over payment dues
In May 2021, Code.org announced the signing of a licensing agreement with WhiteHat Jr, which at that time was providing tutoring services to over 175,000 students worldwide
 "US-based Code.org sues Byju's-owned WhiteHat Jr over payment dues")
Byju's in talks with investors to raise $300 mn in return for more controls
Shareholders call for board rejig so that they can have a bigger say in ops
Think and Learn presents edtech Byju's 3.0 proposal to investors at AGM
Byju's says FY22 earnings were approved at the AGM as well as the reappointment of BDO as the statutory auditors of the company.
Byju Raveendran said to have infused Rs 4,000 cr of own money in firm
'Rise and fight alongside me': Founder of beleaguered edtech company tells meeting of senior executives, says source
 "Byju Raveendran said to have infused Rs 4,000 cr of own money in firm")
