Byju’s
Byju’s is India-based educational technology startup, headquartered in Bengaluru. Founded in 2011 by Byju Raveendran and Divya Gokulnath, Byju’s has received billions in funding. Investors include: Aarin Capital, Sequoia Capital India, Chan Zuckerberg Initiative (CZI), Tencent, Sofia, and more.
An Indian court has initiated insolvency proceedings against edtech giant Byju’s, once-valued at $22 billion.
Prosus, the largest external investor in Byju’s, has written off its 9.6% stake in Indian edtech firm.
An Indian court has restrained Byju’s from proceeding with its second rights issue amid allegations of oppression and mismanagement by its shareholders.
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HSBC and BlackRock estimate that the Indian edtech giant Byju’s, once valued at $22 billion, is now worth nothing.
Founder Byju Raveendran is making a last-ditch attempt to placate the embattled Indian startup’s disgruntled investors.
Byju’s secured favorable outcomes in two court hearings Thursday, paving the way for the embattled edtech startup to move ahead with the extraordinary general meeting scheduled for Friday. On Thursday,…
Camshaft disclosed in court filings this week that some $533 million it managed for Byju’s Alpha, a U.S. unit of Indian edtech group Byju’s, was transferred to another 100% and…
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Byju Raveendran, the founder of eponymous edtech group Byju’s, told employees on Saturday that he continues to remain the chief executive of the startup and that rumors of his firing…
A group of Byju’s investors on Friday voted to remove the edtech group’s founder and chief executive Byju Raveendran and separately filed an oppression and management suit against the leadership…
Byju’s says its recently launched $200 million rights issue has been fully subscribed, but the startup’s founder urged some of its major investors to participate amid a rift between the…
Following months of behind-the-scenes conflict, Byju’s and some of its biggest investors are now publicly airing their complaints about one another. Byju’s, once India’s most valuable startup, said Friday its…
A group of large investors in Byju’s has called for an extraordinary general meeting (EGM) where they seek to change the leadership at Byju’s days after the edtech group launched…
Byju’s, the world’s most valuable edtech startup, has cut its valuation ask by 99% in a rights issue it launched Monday as the Indian firm scrambles to meet its liabilities…
Listen here or wherever you get your podcasts. Hello, and welcome back to Equity, the podcast about the business of startups, where we unpack the numbers and…
Byju’s, once valued at $22 billion, is willing to cut its valuation to below $2 billion as it hunts for new funding, a person familiar with the matter told TechCrunch.…
BlackRock has yet again cut the value of its holding in Byju’s, slashing the implied valuation of the Indian startup to about $1 billion from $22 billion in early 2022,…
Code.org, the U.S. educational nonprofit, has filed a lawsuit in a California district court alleging that Byju’s subsidiary WhiteHat Jr breached a licensing contract by failing to pay fees while…
Featured Article
India’s top VCs face fresh obstacles as startup investment plummets
High-flying venture investors in India managing hundreds of millions of dollars are tempering expectations, making early-stage startup bets that in best-case scenarios they hope will return 3-5x invested capital. Several leading India investors, including Peak XV Partners, Elevation Capital, Lightspeed, Nexus and Accel, have raised $500 million-plus in the past…
Allen Career Institute has acquired Doubtnut in a deal that values the young edtech at $10 million, according to a person familiar with the matter, a stunning reversal of fortune…
Byju’s said on Wednesday that recent accusations by India’s crime-fighting agency regarding a breach of the nation’s foreign exchange rule are “solely technical” in nature and the startup anticipates that…
Investment giant Prosus has written down the valuation of edtech giant Byju’s to below $3 billion, marking a steep drop from the $22 billion valuation the Indian startup hit early…
Anil Goel, the CTO of Byju’s, is leaving the edtech giant, he informed some colleagues amid a broader restructuring at the Bengaluru-headquartered startup as it looks to pare down costs…
India’s Enforcement Directorate, its crime-fighting agency, has issued a show-cause notice to Byju’s, accusing it of violating the nation’s foreign exchange rules. The ED’s allegations say that the Bengaluru-headquartered startup…
Indian edtech giant Byju’s said on Saturday that revenue of its core business, its largest, in the financial year ending March 2022, stood at $429.18 million, making it clear that…
Byju’s CFO Ajay Goel, who joined the edtech giant in April this year, has already resigned, the two said Tuesday, in the latest setback for the startup that is grappling…
Byju’s plans to cut as many as 5,000 jobs in the coming weeks, a person familiar with the matter said, as the Indian edtech giant looks to pare down costs…
Three senior executives are leaving Byju’s as part of a restructuring at the edtech group, the Indian startup said Tuesday. Mukut Deepak, who led the classes 4-10 business; Himanshu Bajaj,…
Byju’s, the edtech giant and India’s most valuable startup, has fixed a server-side misconfiguration that was exposing sensitive data of its students. The Indian startup exposed some students’ names, phone…
