Page 9 - Latest Updates on Byju Raveendran
Edtech giant Byju's 'meritless' suit effort to avoid obligations: Lenders
Byju's filed a suit against US-based investment management firm Redwood to challenge the acceleration of the $1.2-billion term loan B facility, and disqualify the lender for its "predatory tactics"
 "Edtech giant Byju's 'meritless' suit effort to avoid obligations: Lenders")
Top Headlines: 4 states breach 10% e-2W adoption, Trump's Indictment & more
Business Standard brings you top news at this hour
 "Top Headlines: 4 states breach 10% e-2W adoption, Trump's Indictment & more")
Byju's schedules call for lenders to discuss loan amendment proposal
Byju's didn't pay $40 million in interest due Monday on its $1.2 billion loan
 "Byju's schedules call for lenders to discuss loan amendment proposal")
Edtech giant Byju's rolls out AI models for hyper-personalised learning
The edtech giant has launched Byju's Wiz, a suite of three AI transformer models - BADRI, MathGPT, and TeacherGPT
 "Edtech giant Byju's rolls out AI models for hyper-personalised learning")
Byju's accuses lenders of manufacturing fake debt crisis to extort money
The company chalks up its current debt predicament to aggressive distressed-debt investors who, in its view, were never supposed to be able to buy the loan
 "Byju's accuses lenders of manufacturing fake debt crisis to extort money")
Edtech giant Byju's 'skips' interest payment on $1.2-billion loan
Files suit against Redwood, alleging predatory tactics
 "Edtech giant Byju's 'skips' interest payment on $1.2-billion loan")
Edtech major Byju's faces deadline for $40 million payment of $1.2 bn loan
The $1.2 billion debt is the largest unrated loan by a startup ever. The once high-flying company led by former teacher Raveendran had been trying to strike a deal with creditors to restructure loan
 "Edtech major Byju's faces deadline for $40 million payment of $1.2 bn loan")
Edtech major Byju's lenders scrap talks to restructure a $1.2 bn loan
Byju's has to make an interest payment on the loan by June 5
 "Edtech major Byju's lenders scrap talks to restructure a $1.2 bn loan")
Edtech startup Byju's sued by creditor Glas Trust Company tied to $1.2 bn
Byju's started negotiating its credit agreement after it breached investor protections on the debt by missing a deadline to disclose annual financial results
 "Edtech startup Byju's sued by creditor Glas Trust Company tied to $1.2 bn")
TMS Ep423: Byju's troubles, JioCinema, sugar stocks, Ludhiana gas leak
Is it the end of the road for Byju's? Is JioCinema the new star of OTT? Is there more sweetness left in sugar stocks? What caused the Ludhiana gas leak tragedy? Answers here
 "TMS Ep423: Byju's troubles, JioCinema, sugar stocks, Ludhiana gas leak")
EdTech startup Byju's seeks to reassure workers after office raid
More than 70 investors have invested in Byju's and they have conducted thorough due diligence, he said. "We are confident that the authorities will also come to the same conclusion," he added
 "EdTech startup Byju's seeks to reassure workers after office raid")
ED searches: Byju's CEO says brought more FDI to India than any other firm
After financial crime-fighting agency ED searched Byju's premises, the education platform's CEO Byju Raveendran wrote to employees saying the company brought more FDI to India than any other startup
Brought in Rs 28,000 cr FDI to India, says Byju Raveendran on ED raid
A day after ED conducted searches, seizure action at premises of Byju's, the founder and CEO Raveendran said that the company has taken all efforts to comply with all applicable foreign exchange laws
 "Brought in Rs 28,000 cr FDI to India, says Byju Raveendran on ED raid")
ED searches Byju Ravindran's offices, residential premises in Bengaluru
During the search & seizure action various incriminating documents and digital data were seized
More investments for Byju's? Abu Dhabi's 10X AD, Apollo conduct talks
This comes as the edtech company is looking to raise at least $400 million to $600 million from investors
Byju's lenders ready for loan restructuring but want $200 mn prepayment
Byju's has volunteered to raise the interest rate for the loan by about 200 basis points (bps), but it has not agreed to the prepayment clause so far
No plans to shut down WhiteHat Jr, merely optimising it: Byju's
Last year, Byju's laid off about 600 employees at its group companies - WhiteHat Jr and Toppr
Byju's seeks more time from lenders to renegotiate $1.2 billion debt
Byju's is scrambling to appease creditors and investors already concerned about mounting losses at the once high-flying startup
Byju's founder raising funds to buy back as much as 15% of firm: Report
Raveendran is in the midst of overhauling the company's strategy and cutting marketing spend with a goal to be profitable by March
After many rocking years, we needed a rocky year: Byju's CEO Raveendran
Raveendran acknowledged that the first six years of Byju's were those of steady growth and the next four -- from 2017 to 2021 -- saw the company's exponential rise
 "After many rocking years, we needed a rocky year: Byju's CEO Raveendran")
