byju’s funding

The promoters of Byju’s sold their shares for millions of dollars since 2015, according to a research and data platform. However, a spokesperson for the edtech giant was quick to clarify that the proceeds were reinvested in the firm. This…

Education technology giant Byju's, one of India's biggest startups valued at $22 billion last year, has run into problems, from lawsuits and auditing issues to layoffs and board-room exits.In a major setback for a company often described as…

Edtech major Byju's is undertaking another major round of layoffs which is expected to impact at least 500-1,000 full time employees across teams, as the beleaguered startup continues to prune costs, amidst slowing growth and tough…

It’s all happening out there. After suffering a barrage of allegations and a lawsuit from Byju’s, a group of 21 lenders — specifically the American ones who gave it a big chunk of its $1.2-billion term loan — has fired back at the edtech…

Welcome to a new edition of Full Stack, a place where you’ll find unfiltered commentary on all things technology.Please keep the bouquets, brickbats and suggestions coming. You can reach me at [email protected] and follow me on…

Byju’s woes seem to have no end. The company has suffered a series of setbacks over the last year, including ED raids and valuation markdowns. Now, lenders have halted talks with the edtech major to restructure a $1.2 billion loan. This and…

One of India’s hottest tech companies, Byju’s Alpha, was sued by an agent for lenders owed $1.2 billion after months of negotiations between creditors and the education technology firm.The lawsuit was filed by Glas Trust Company and…

In the backdrop of an investigation by India's federal financial probe agency Directorate of Enforcement (ED), edtech startup Byju's founder and chief executive Byju Raveendran wrote to the company's employees saying all of its cross-border…

Snap Inc's cofounder & CEO spoke exclusively to ETtech about growth in the Indian market, leadership changes here, and focus on monetisation and regulations around Artificial Intelligence. This and more in today’s edition of the ETtech…

Byju’s lenders have sought up to $200 million (about Rs 1,600 crore) in prepayment along with a higher rate of interest from the Bengaluru-headquartered company as a precondition to restructure its $1.2 billion (Rs 9,600 crore) term loan B…