Byjus loan

NEW DELHI: Edtech major BYJU's is growing slowly but sustainably and is close to achieving profitability at the group level, the company's CEO Byju Raveendransaid on Thursday.The company organised a town hall with Raveendran to allay…

After a long time, it was Christmas at Byju’s as a US court rejected a plea by its Term Loan B (TLB) lenders to probe a $500-million transfer from the firm’s US-based subsidiary to other entities. Further, Byju’s claimed it had fully paid…

File photo of Byju’s logo | Photo Credit: Byju’s Popular Indian edu-tech startup Byju's will lay off between 500 and 1,000 employees in another round of job cuts to cut costs, a source with knowledge of the matter told Reuters on…

As the battle between embattled edtech venture Byju’s and lenders over its $1.2 billion term loan B (TLB) intensifies, the creditors are clear that they want the company to send the draft loan amendment proposal, even as the scheduled call…

Days after its negotiations with creditors to restructure a $1.2 billion term loan fell through, edtech firm Byju’s missed a quarterly interest payment of $40 million on June 5, and sued the lenders in the New York Supreme Court. This and…

Happy Monday. Byju’s has held discussions to pay higher interest rates to its lenders for the $1.2 billion loan the company picked up in November 2021, per sources in the know. This and more in today’s ETtech Morning Dispatch. Also in this…

Indian online-education provider Byju’s is seeking to restructure its $1.2 billion loan as it struggles with steep losses and cost reduction targets, according to people familiar with the information. The nation’s most valuable startup,…