Page 6 of Byjus

Salaries at Byju’s set to be delayed again

Byju’s FY22 losses jump 80 per cent to Rs 8,245 crore

Think and Learn posted an operational loss (EBITDA) of Rs 4,143 crore in FY 2021, the company said in a…

Updated: January 24, 2024 00:46 IST

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Byju’s faces backlash from employees and IT department for delaying TDS deposits

The affected employees allege that the TDS deducted from their salaries from April 2023 onwards do not reflect on their…

Updated: January 17, 2024 22:43 IST

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Aakash’s revenue up 45 per cent, profit jumps 82 per cent in FY22

Tuition fees earned from students on coaching services increased 48.4% to Rs 1,282 crore, which accounted for 87.8% of the…

January 16, 2024 00:45 IST

Startup Grapples with Lender-initiated Bankruptcy and $1.2 Billion Term Loan Repayment Negotiations.

BlackRock slashes Byju’s valuation by 95 per cent to $1 billion

While Blackrock, like other mutual fund investors, makes multiple disclosures about its portfolio during a year.

January 13, 2024 02:45 IST

Byju’s, Ola, Adda247, Spinny, Milkbasket, Skill Lync, 1K Kirana, Dunzo,

No thaw in funding winter; 108 startups laid off 15,000 staff this year

B2B platform Udaan sacks 8% of its staff.

December 19, 2023 05:30 IST

Meeting will be adjourned because of a lack of quorum.

Byju’s founder pledges homes to raise funds to pay salaries to 15,000 employees

Byju Raveendran has pledged his home as well as those owned by his family members to raise money for paying…

December 5, 2023 10:01 IST

Raveendran emphasised his commitment to transparency, stating that he no longer sugarcoats his words.

Prosus marks down Byju’s valuation below $3 billion

This is the second time in a year that Prosus has marked down Byju’s valuation.

November 30, 2023 05:15 IST

The company, which has a total of about 14,000 employees in India, excluding subsidiaries like Aakash Institute, resets its salary cycle on the first of every month.

BCCI drags Byju’s to NCLT

The case between the BCCI and the parent company of Byju’s, Think and Learn, was scheduled for a hearing on…

November 29, 2023 01:50 IST

In the NCLT, lawyers for investors argued that promoters want them to invest more money when USD 533 million has been syphoned off.

Byju’s names Jinny Thattil new CTO

Jinny Thattil takes over from Anil Goel, who will be leaving the company after three years at the post.

November 28, 2023 01:15 IST

A Byju’s spokesperson, however, denied this and said all rental payments have been made on time.

Byju’s denies media reports claiming Rs 9000 cr notice for FEMA breaches from ED

According to media reports that credited sources in the ED, Byju’s received foreign direct investment (FDI) of around Rs 28,000…

November 21, 2023 16:33 IST

Of the Rs 1,400 crore paid to Kempner, Rs 800 crore was the loan amount and 600 crore was interest, industry sources said.

Byju’s lenders win fight over loan default, control of unit

Lenders have been pushing hard for the repayment of the $1.2 billion loan amid the company’s mounting distress after a…

November 10, 2023 10:34 IST

Byju's results,Byju's,Byju Raveendran,business,India

Byju’s core biz revenue up 2.3x, Ebitda loss narrows

The company had in September 2022 projected its gross revenue to grow to Rs 10,000 crore in FY22, at a…

November 5, 2023 05:00 IST

Byju’s reveals $271 million loss amid deepening debt dispute

The results underscore how Byju’s — once the poster child for India’s booming startup economy — is struggling to escape…

November 4, 2023 19:12 IST

Vedanta, restructuring, Ajay Goel, CFO, Byju's, resignation, Gharwapsi, demerger plan, Chartered Accountant, business performance, Sonal Shrivastava, Anil Agarwal

Vedanta ‘Gharwapsi’: Ajay Goel rejoins Anil Agarwal’s Vedanta after resigning as Byju’s CFO

“As part of Vedanta’s structured re-hiring program called ‘Gharwapsi’, Ajay Goel joins back the Company,” Vedanta said.

October 24, 2023 11:12 IST

Who is Arjun Mohan? UpGrad’s ex boss is Byju’s new India CEO

CEO Arjun Mohan and Mrinal Mohit were closely related to Byju’s founder, Raveendran, as both of them were once students…

Updated: September 21, 2023 15:18 IST

Byju’s, hedge fund, lenders, allegations, IHOP, education tech firm, Byju Raveendran

Byju’s hid $533 million in hedge fund once run from Miami IHOP, lenders allege

Byju’s allegedly hid $533 million in an obscure three-year-old hedge fund that once said its principal place of business was…

September 13, 2023 11:04 IST

Byju’s makes a surprise $1.2 billion repayment proposal to lenders

The company is offering to repay $300 million of the distressed debt within three months if the amendment proposal is…

September 11, 2023 12:21 IST

Byju’s, creditors, funding, anti-money laundering, startup, finances, interest payment, lawsuit

Byju’s, creditors aim to amend $1.2 billion loan terms

Troubles have been mounting for Byju’s business, which boomed during the pandemic, with its flagship app topping 100 million users.…

July 24, 2023 10:23 IST

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Two-wheeler manufacturers saw a 9% increase in dispatches to dealerships in September, thanks to the cut in GST rates and the start of the Navratri season. Hero MotoCorp, Royal Enfield, TVS Motor, and Bajaj Auto all saw growth in their volumes, with Royal Enfield leading the pack with a 43% surge. However, some demand was held back due to lack of discounts and extended monsoon.

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