Journalism of Courage
Byju’s
BYJU’S NEWS
'Worth zero': Founder of India's once biggest startup Byju's concedes mistakes
October 18, 2024 4:42 pm
Byju's, which operates in more than 21 countries, became popular during the COVID-19 pandemic by offering online education courses.
Bjyu's, once valued at $22 billion, is now worth 'zero,' says founder Byju Raveendran
October 18, 2024 3:19 pm
Byju's former CEO and founder Raveendran Byju's recently said that his company, which was once valued at $22 billion now has a 'zero' net worth.
SC refuses to pass order to stop CoC from holding meeting in insolvency proceedings against Byju's
August 22, 2024 7:37 pm
A bench comprising Chief Justice D Y Chandrachud and Justices J B Pardiwala and Manoj Misra, however, said it will accord the final hearing in the matter on August 27.
India ed-tech firm Byju's founder faces reckoning as startup implodes
July 22, 2024 10:15 pm
The future of Raveendran's eponymous Byju's online coaching firm rests with India's courts after the country's biggest startup, once loved by global investors who valued it at $22 billion, crashed below $2 billion in valuation.
Prosus writes off $493 mn investment in Byju’s
June 25, 2024 1:00 am
Prosus is a global technology group with businesses and investments in growth markets around the world.
US bankruptcy court imposes penalty on Byju's director, says testimony 'not truthful'
May 22, 2024 12:12 pm
The US judge also concluded Ravindran’s testimony to be “not truthful” and said he either knows where the money is being hidden and won’t say or he refused to find out, the report added.
Raveendran takes over daily operations at Byju’s, India CEO Arjun Mohan exits
April 16, 2024 11:01 am
Byju's is in urgent need of funds, and faces huge financial losses, a barrage of legal suits, and massive investor backlash. Its valuation has fallen below $1 billion (Rs 8,300 crore), and certain investors are pushing to oust Raveendran and members of his family from the company.
Byju's founder Raveendran to take over firm's daily operations after CEO resigns
April 15, 2024 10:54 am
Following the move, the company has announced a major rejig of the business that will consolidate its business into three focused divisions -The Learning App, Online classes and Tuition centres, and Test-prep.
Investor funding in edtech drives behaviour which is not good for industry: Byju's Aakash CEO
April 09, 2024 1:31 pm
Speaking to PTI, Mehrotra also said that digital alone can't meet aspirations of medical and engineering students looking to get into premium institutions, and it is important to address requirement of new learners.
Byju's delays March salaries; blames few foreign investors
April 01, 2024 9:58 pm
Byju's also sought to assure staff that it is following a parallel line of credit to ensure that employees get their salaries by April 8.
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