BYJUs Faces Insolvency Pressure as Byju Raveendran Seeks New Hope
New Delhi: Byju Raveendran, the founder of BYJU’S is once again seeking an escape as the firm is still in grave financial trouble. BYJU, which was previously the largest and...
Tag: byju’s
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Byjus Founder in More Trouble as Company Crisis Worsens
New Delhi: Byju Raveendran the founder of the edtech company Byju is under new legal trouble as the company that is already in the crisis enters a deeper phase. Byju,...
Byjus Collapse is the largest Company Failure of the Year
New Delhi: One of the largest corporate crashes of the year is Byjus, the now notorious edtech startup in India and a global unicorn. The company that was valued at...
Byjus Gets New Investor Interest Amid Ongoing Crisis
New Delhi: Once India’s biggest edtech company, Byjus has been facing financial problems, layoffs, and management issues for more than a year now. However, fresh investors have shown interest in...
Can OYO avoid the mistakes that BYJU’S made?
New Delhi: The question of whether OYO might follow the same troubled path as BYJU’S, rapid growth followed by serious financial trouble, has been on a lot of minds in...
Byju’s valuation drops to zero HSBC reported
New Delhi: In a recent research note, HSBC has revised its estimation of the value of Byju’s, the Indian edtech company, once valued at $22 billion, to now being worth...
Byju’s founder paid salaries with his private debt
New Delhi: Byju’s founder, Byju Raveendran, has reportedly secured a private debt of around ₹30 crore to cover March salaries for employees amid financial challenges faced by the edtech company,...
Byju’s CEO Arjun Mohan resigns amid financial turmoil
New Delhi: Arjun Mohan, CEO of Byju’s India, has stepped down from his position after seven months, with founder Byju Raveendran assuming control of the company. Mohan will transition to...
Byju’s Axes hundreds in swift layoffs amidst financial strain
New Delhi: Byju’s, the edtech company, has initiated a round of layoffs, reportedly contacting affected employees via phone calls and terminating them without putting them through a performance improvement plan...
BlackRock’s drastic move: Byju’s valuation plummets 95% to $1 Billion
New Delhi: BlackRock has recently devalued its stake in Byju’s, reducing the implied valuation of the Indian startup to approximately $1 billion from the $22 billion reported in early 2022....
