One of the most well-known edtech companies in India, Byju’s, is back in the news due to a lawsuit it is facing from foreign lenders. In an appeal to the Supreme Court…
Tag: Byjus
Byju’s goes to SC against US based creditor anticipating challenge to NCLAT order
Byju Raveendran, the creator of Byju’s, the top edtech company in India, has filed a plea with the Supreme Court, marking a key legal milestone. This action is a reaction to an…
Expensive acquisitions, slow decisions caused Byju’s downfall says ex-executive
Once a prominent figure in India’s startup scene, Byju Raveendran is currently dealing with a dramatic decline in popularity that has stunned the country. Raveendran’s path has been nothing short of remarkable,…
Byju’s CEO claims firm might face total shutdown following insolvency proceedings
Once the biggest and most valuable startup in India, Byju’s is currently facing an existential crisis that could endanger the company. The business, which is renowned for transforming online learning, is facing…
Why investing firms are valuing Byju’s investments at $0
What started as a promising ed-tech startup Byju’s, worth $22 billion, has now nose-dived into a deep crisis. A clutch of its major investors, including Prosus and BlackRock, have cut the value…
Byju’s lenders file bankruptcy petitions against US assets of the firm, Tynker, Osmo, and Epic
In a significant development, some term holders and an agent of the term loan associated with BYJU’S have filed petitions in Delaware Bankruptcy Court to initiate involuntary Chapter 11 bankruptcy proceedings against…
Relief for Byju’s employees as they receive salaries for April, Sales staff yet to be paid
Struggling with internal restructuring and a lack of funding, embattled edtech behemoth Byju’s is still going through rough times. The company just implemented a new policy that links the salary of its…
Byju’s starts salary payments after two months delay Byju's Initiates Salary Disbursements Amid Funding Woes
Embattled edtech giant Byju’s has commenced salary payments after a two-month delay, signaling a temporary relief for its employees. However, the company remains restricted from accessing funds from its recent rights issue…
Macquarie’s Byju’s Valuation Debacle: A Deep Dive into Accusations and Write-Downs Unraveling the Byju's Investment Saga
Macquarie Capital’s decision to slash nearly its entire investment in Indian edtech startup Byju’s has sent shockwaves through the investment community, following accusations by Swiss bank Julius Baer Group Ltd. This article…
Byju’s delays January salaries for employees amid liquidity concerns
Buckle up for the wild ride that Byju’s, India’s edtech powerhouse, is currently on. In a twist of fate, the company finds itself juggling delayed salaries, a hefty devaluation, and a rebellion…