Page 7 of Byjus

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

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

We are in tough situation but will come out of it soon, says Byju Raveendran

He also said that about four of Byju’s six biggest acquisitions are profitable, with Aakash, Great Learning and Tynker doing…

June 30, 2023 06:00 IST

byju, byju news, byju raveendran news, address employees

Lessons Byju’s board never learnt

The founder-directors should step aside temporarily until a thorough investigation into the company’s affairs is conducted

June 29, 2023 04:00 IST

Amid crisis, Byju Raveendran to address employees today

According to sources, in an email to all employees on Wednesday Raveendran has said that he will brief them on the recent developments at…

June 29, 2023 03:45 IST

Byju’s, fundraising round, investors, Byju Raveendran, liquidation, startup, interest payment, financial accounts, debt agreement, debt crisis, cash reserves

Byju’s seeks to raise $1 billion to sidestep shareholder revolt

It’s unclear whether Byju Raveendran will ultimately secure a capital influx, a critical step in a broader campaign to retain…

June 28, 2023 07:06 IST

Byju’s, Byju Raveendran, auditor, resignation, Corporate Regulator, Ministry of Corporate Affairs, formal probe, creditors, inspection

Ministry of Corporate Affairs scrutinizes Byju’s after Deloitte resigns as its auditor

The Ministry of Corporate Affairs has sought more information about Byju’s and a final decision about whether to open a…

June 26, 2023 17:16 IST

Byju’s seeks to calm investors as crisis escalates

On a call with investors, Byju Raveendran acknowledged his failure in installing processes that could have helped close the accounts…

June 26, 2023 13:08 IST

BYJU’s lays off close to 1,000 employees across all departments

The fresh round of firing comes at a time when the company has entered into a legal battle with lenders…

June 19, 2023 21:46 IST

Byju's, interest payment, loan amendment proposal, creditors, loan, startup, restructuring, anti-money laundering

Byju’s plans lender call for loan amendment proposal

The company scheduled a call for lenders on Monday to discuss an amendment proposal, the people said, who asked not…

June 8, 2023 11:53 IST

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