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Byjus

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Byju’s reveals $1 bn loss at its virtual Annual General Meeting

In the ever-evolving landscape of the education-technology sector, Byju’s, a major player in the industry finds itself grappling with a challenge. The facts concerning this challenge were disclosed during the…
Posted by cepat December 22, 2023
Posted inMarket

BYJU’S Owned Gradeup Mints Profits, But Auditors Have Concerns

In a significant turn of events, Gradeup, an edtech startup under the BYJU’S umbrella, has reported commendable financial performance, turning profitable in the fiscal year ending March 31, 2023. However,…
Posted by cepat December 19, 2023
Posted inMarket

After BYJU’S Denial, ED Says Issued Show Cause Notice For FEMA Violation Of INR 9,362 Cr

In a recent development, the well-known edtech behemoth BYJU’S in India is now being investigated by the Enforcement Directorate (ED) for possible violations of the Foreign Exchange Management Act (FEMA),…
Posted by cepat November 22, 2023
Posted inMarket

BYJU’S FACES ED SCRUTINY OVER ALLEGED RS 9,000 CR FEMA VIOLATION

The Education Technology behemoth, Byju’s, and its creator, Byju Raveendran, have unexpectedly found themselves under investigation by the Enforcement Directorate (ED) for suspected FEMA (Foreign Exchange Management Act) violations totaling…
Posted by cepat November 21, 2023
Posted inMarket

BYJU’S Again Misses Deadline To Clear Dues Of Laid-Off Employees

In recent times, BYJU’S, a prominent player in the edtech sector, has been grappling with a series of challenges, ranging from employee layoffs to financial restructuring. The company, once hailed…
Posted by cepat November 20, 2023
Posted inMarket

Byju’s Loses One Of Its Units To Lenders After $1.2 Billion Loan Default

In a recent legal development, Byju’s, once hailed as one of India’s hottest tech startups in the education technology sector, is facing a significant challenge as lenders, including Redwood Investments…
Posted by cepat November 10, 2023
Posted inMarket

BYJU’S Sacks 600 Employees From Content, Marketing Teams In Ongoing Restructuring Exercise

The well-known edtech decacorn BYJU’S is presently going through a number of turbulent changes led by Arjun Mohan, the company’s new India CEO. The corporation is navigating through a number…
Posted by cepat November 9, 2023
Posted inMarket

Byju’s in talks to sell US unit Epic for $400 million to Joffre

The US-based children’s digital reading platform Epic! Creations, owned by the Indian education technology firm Byju’s, is reportedly in advanced talks to be sold for about $400 million. Byju’s hopes…
Posted by cepat November 6, 2023
Posted inMarket

Byju’s CFO Ajay Goel Quits Amid Financial Results Delay; To Return To Vedanta

The Indian edtech giant Byju’s has been making headlines recently, but not for the right reasons. Amid growing challenges, the company’s Chief Financial Officer (CFO), Ajay Goel, who joined in…
Posted by cepat October 24, 2023
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