Page 11 - Byju's

Byju's reports Rs 5,014 cr in operating revenue, Rs 8,245 in losses in FY22

Edtech giant grapples with financial challenges as auditors raise concerns over $1.2 billion term loan

Byju's vs BCCI: Edtech wants arbitrator to decide Rs 158 crore dispute

The firm claimed before the NCLT that it is in talks with the BCCI to settle the payment dispute. However, the BCCI reportedly denied and told the tribunal that no negotiations were underway

Byju's-owned Aakash Educational's FY22 net up 82% at Rs 79.5 crore

The company's net profit increased 82.2 per cent year-on-year (Y-oY) to Rs 79.5 crore in FY22

US investor BlackRock slashes Byju's valuation by 95% to $1 billion

In November 2023, Netherlands-based tech investor Prosus NV marked down Byju's valuation to under $3 billion

BlackRock slashes Byju's valuation by 95% from $22 bn to $1 bn: Report

Tech investor Prosus NV valued Byju's at under $3 billion in November last year after BlackRock cut its valuation to about $8.4 billion in May

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

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

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

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

Lawyers say Byju's in good health, BCCI's plea to be heard on Jan 17

Byju's gave this response when the NCLT inquired about the company's current status during the hearing of the insolvency plea filed by BCCI against the company

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's founder Raveendran pledges homes to raise funds for staff salaries

Two homes owned by Raveendran's family in Bengaluru, in southern India, and his under-construction villa in Epsilon, a plush gated community in the city, were offered as collateral to borrow $12 mn

BCCI seeks Byju's insolvency at NCLT over default in payment of Rs 158 cr

This new development comes months after Byju's announced that it plans to end sponsorship of the Indian cricket team jersey, as it focuses on profitability

Edtech company Byju's calls for AGM to approve audited FY22 financials

The company plans to discuss various topics including considering and adopting the audited standalone and consolidated financial statements of the firm for the financial year ended 31st March 2022

Byju's pays November salaries to 1,000 employees after 4-day delay

Cash-strapped edtech company says technical glitch led to 'limited employees' missing payments on Dec 1

Prosus marked down investment in Byju's, bring its valuation to below $3 bn

This is not the first time that Prosus has marked down its investments in the edtech firm

Queries received in ED's notice are solely technical in nature: Byju's

Byju's said the notice was sent on delayed annual performance reports related to overseas direct investments of Rs 8,000 crore

Prosus NV slashes edtech major Byju's valuation to under $3 billion

In November last year, Prosus first slashed the fair value of Byju's to $5.97 billion

Lessons from ED's crackdown on Byju's, Xiaomi to strengthen compliance

Experts are also of view that severe fines, penalties will push companies and startups to ensure their adherence to the regulatory framework when accepting foreign investments and issuing remittances