Edtech giant BYJU’S secures funding but faces investor push for transparency and control Educational technology company Think and Learn, the parent entity of BYJU’S, is said to have secured a commitment of $300 million from investors for its ongoing rights …
The rights issue values the company at $220-250 million, down 99% from the previous $22 billion valuation Struggling edtech startup Byju’s has initiated a rights issue to secure $200 million from its current investors, aiming for a valuation of $225-230 …
“I have not winced nor cried aloud,” says Byju Raveendran in a note to shareholders Read More »
Byju’s rockets 118%, doubling the revenue as well as losses in FY22 Struggling edtech giant Byju’s submitted its financial statements for the fiscal year 2022 to the Ministry of Corporate Affairs on January 23, nearly 22 months after the reporting …
The much awaited Byju’s FY22 results are announced after delay of 22 months Read More »
The ed-tech company which was once valued $22 bn in Oct 2022 after raising $250 mn in the funding round, now falls down to $1 bn BlackRock, a U.S.-based investment firm, has once more decreased the estimated worth of its …
Blackrock slashes Byju’s valuation as it evaporates from $22 bn to $1 bn Read More »
Downsizing its Bengaluru presence, Byju’s gave up its biggest office space and now works from Prestige Tech Park & IBC Knowledge Park In the midst of increasing challenges at Byju’s, employees at the edtech giant’s Bengaluru offices are reportedly facing …
Byju’s, once an edtech giant, now in dire straits? Read More »
Investors want to revamp the board to gain control of the company Byju Raveendran, the CEO of BYJU’S, has purportedly requested the company’s investors to invest $300 million in the company in return for a higher ownership stake. This request …
Byju’s unveiled its “3.0” plan while revealing FY22 revenue below targets and soaring losses exceeding Rs 8,000 crore At the AGM (Annual General Meeting) of Think and Learn, the parent company of Byju’s, all resolutions, including the approval of accounts …
Byju’s AGM turns tumultuous: Investors clash over financials Read More »
Byju Raveendran takes a loan of $12 million with his 2 houses and a villa in Bengaluru as collateral security Byju Raveendran, the founder of the prominent Indian edtech company Byju’s, has committed his residence, along with those owned by …
Byju’s is amidst serious troubles, second time in the year slashed by its tech investor Byju’s, an Edtech company grappling with financial and governance challenges, has experienced a significant devaluation from tech investor Prosus Ventures. The recent disclosure by Prosus …
Byju’s valuation trimmed from $22 bn to under $3 bn, slashed by Prosus Ventures Read More »
Anil Goel, CTO of Byju’s, exits after 3 years, elevating Jiny Thattil as the new CTO The troubled edtech startup, Byju’s, is experiencing a series of high-level departures, with Chief Technology Officer Anil Goel exiting the company after a three-year …
Anil Goel adds to the Byju’s series of high level exits Read More »
