India's Byju's Seeks To Raise $1 Billion To Stave Off Investor Revolt - Bloomberg News
Byju seeks to close a round within two weeks, according to the report.
Jun 27, 2023, 15:41 PM IST
81% Of Edtech Platform Users Face Refund, Trust Issues: Survey
The query around the kind of issues that edtech users face received nearly 12,000 responses comprising issues around teaching staff changes/ effectiveness issues, refund issues, and trust issues like false promises and transparency issues.
Jun 25, 2023, 20:49 PM IST
BYJU's To File 2022 Earnings By September, Company Informs Investor Amid Resignations
Deloitte said on Thursday it was severing ties with Byju's, one of India's most successful startups, over its "long-delayed" financial statements for the year ended March 2022. Board members representing Peak XV Partners, earlier known as Sequoia Capital India, Prosus and Chan Zuckerberg Initiative also stepped down, without publicly expressing their reasons
Jun 25, 2023, 15:31 PM IST
Byju's Staff Say Morale Waning Amid Turmoil At Indian Edtech Firm
Byju's has already let go of several thousand employees this year due to slowing demand and it is locked in a legal battle with its lenders and faces regulatory scrutiny.
Jun 25, 2023, 11:23 AM IST
Indian Edtech Byju's Global Investors Confirm Board Exits
Deloitte disclosed it was resigning as the company's auditor because Byju's had delayed financial statements for 2021-22 and not provided documents, even after sending several letters to its board.
Jun 24, 2023, 13:44 PM IST
Explainer: Top Indian Startup Byju's Battles Auditor Criticism, Board Exits
Deloitte said in a letter to Byju's board it was resigning because the company had delayed financial statements for the year ending March 31, 2022.
Jun 23, 2023, 16:57 PM IST
India's Byju's In Talks With Investors Who Quit Board To Reconsider - Sources
Byju's and the three investors did not immediately respond to requests for comment on Friday.
Jun 23, 2023, 16:46 PM IST
BYJU's Auditor Deloitte Resigns, Ed-Tech Giant Appoints BDO For Audit Duties
Byju's in a statement said it has appointed BDO as its new auditor, adding this will help it "uphold the highest standards of financial scrutiny and accountability."
Jun 22, 2023, 23:02 PM IST
ED raids BYJU's CEO's house and office, raids at 3 locations in Bengaluru | breaking news
BYJU'S CEO Ravindran Byju is not taking the name of reducing his difficulties. ED raided BYJU'S premises and seized incriminating documents and digital data from there.
Apr 29, 2023, 16:24 PM IST
Byju's to Shut Coding Platform Whitehat Jr, Company Says 'merely Optimising' It
WhiteHat Jr, which at its peak had more than 8,000 employees across the country, now has some hundreds of roles left as it never picked up pace and brought revenues for the company.
Feb 23, 2023, 15:50 PM IST
BYJU's Fires 1000 Employees, or 15% Staff Today: Report
Edtech Unicorn BYJU's has laid off 1000 employees, or 15% of staff on Thursday (February 2) acorss the division from every tech team.
Feb 02, 2023, 18:13 PM IST
BIG blow for BCCI, Jersey sponsor Byju’s wants to END deal, here’s WHY
The matter was discussed at the BCCI Apex Council meeting on Wednesday (December 21). Byju's had replaced Oppo back in 2019.
Dec 22, 2022, 13:46 PM IST
From Meta to Twitter, Here's the list of TECH companies that announced layoff in 2022 -- In PICS
Expert anticipate mild recession next year. Keeping themeselves ready for it, several tech companies globally have announced lay off in the past few months, making it one of the worst years in the industry. Meta recently laid off 11,000 employees while Twitter cut almost 50% staff this month. However, they are not alone. Several tech companies have taken the same measure to lower their cost and turn themselves profitable in coming months. Here's the list of big tech companies that laid off their employees and what is the percentage of it.
Nov 12, 2022, 18:25 PM IST
You're not just 5% of my company. You are 5% of me: Byju's CEO on employee layoff
I am truly sorry to those who will have to leave BYJU'S. You are not just a name to me. You are not a number. You are not just five per cent of my company. You are five per cent of me, Byju's CEO.
Nov 01, 2022, 16:30 PM IST
BYJU'S have to pay Rs 2,000 cr to clear Aakash acquisition deal on Sept 23
According to BYJU's financial report FY21, "as per the terms of the agreement for acquisition of Aakash Educational Services, consideration to the extent of Rs 1,983 crore was due to be paid by the company to the sellers in June, 2022. This has been deferred to September 23, 2022".
Facing govt scrutiny, BYJU's set to release FY21 financial report today, sales may see significant drop
Facing intense scrutiny from the government over the long delay, the company had received an 'unqualified' report from auditor Deloitte late last month.
BYJU's gets clean FY21 audit from Deloitte after 17 months delay
An 'unqualified' report means that the financial statements of a company are fair and transparent based on thorough research, putting to rest all speculations about BYJU's poor financial health.
Aug 30, 2022, 09:00 AM IST
MD of BYJU's-owned Aakash Institute buys Delhi property worth Rs 137 crore
According to data from online property registration provider Zapkey, the 1,300 square metre property was registered on August 1 and Chaudhry reportedly paid stamp duty worth Rs 8.22 crore.
Aug 12, 2022, 07:49 AM IST
BIG sponsor trouble for Team India, Byju’s owes THIS whopping to BCCI and Paytm wants to exit
Byju’s first came on board back in 2019 when mobile manufacturer Oppo transferred the sponsorship rights to the online tutorial firm.
Jul 22, 2022, 07:13 AM IST