Byjus news

A report by Bloomberg News citing people familiar with the matter, on Tuesday (July 11) reported that the Indian Ministry of Corporate Affairs (MCA) has ordered an inspection into the ed-tech startup Byju’s accounts over alleged governance…

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…

Byju's- a prominent Indian education technology startup- is facing a slew of problems. On Tuesday (June 27), a Delaware court rejected a request by Byju's Term Loan B lenders to probe into a $500 million transfer from its US-based…

Byju’s has delayed provident fund (PF) payments of employees for almost all months starting October last year, in what is a violation of the PF Act, opening itself up to action from the Employee Provident Fund Organisation (EPFO).Byju’s,…

File photo of people walking past an advertising hoarding of Byju’s | Photo Credit: Reuters Edtech major BYJU'S has committed its investor to close the long-pending audit of the financial year 2022 by September and fiscal year 2023 by…

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…

This is Digbijay in Bengaluru. On Thursday, soon after ETtech broke the story that three of Byju’s’ board members had quit, it became clear that the latest developments would have an impact not just on the edtech major’s fate, but on the…

The financial woes of India’s most successful edutech company Byju’s continue to worsen as it skipped payment of $40 million interest on its $ 1.2-billion loan on June 6.Byju’s has issued a statement saying that it has elected not to make…

Another day, another writedown. In recent weeks, investors have cut the valuations of a number of marquee tech companies, including Byju’s, Ola, and Swiggy. On Tuesday, BlackRock further marked down the valuation of edtech firm Byju’s,…

In the internal memo, Raveendran said that the company had sent some money overseas to fund its international acquisitions. Byju's was once valued at USD 22 billion and has attracted global investors such as General Atlantic, BlackRock and…