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May 13, 2023 07:47 AM IST Moneycontrol reported earlier this week that the edtech firm was looking to raise $1 billion in a mix of equity and structured instruments via US-based asset management companies and Middle East-based sovereign funds. Of the $1 billion, about $300 million would be raised through structured instruments, with the rest coming as equity at a flat $22 billion valuation
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May 02, 2023 11:17 AM IST Since the ED has not filed any direct allegation against the company, shareholders may not be immediately worried. “But the fact that founder and CEO Byju Raveendran is evasive is worrying. That raises questions. Is he hiding something? This might be concerning them,” said an investor
- April 30, 2023 07:34 AM IST
Byju’s founder said that the company is funded by over 70 investors, who have done due diligence on their operations, which includes FEMA compliance. “We are confident that the authorities will also come to the same conclusion,” he said.
- April 29, 2023 11:48 AM IST
ED said that the investigation against the platform was initiated on the basis of various complaints received from various private persons. During the investigation conducted by the ED, several summonses were issued to Raveendaran, however, he always remained evasive and never appeared during the investigation
- April 04, 2023 01:38 PM IST
Here are 10 points that cover everything you need to know about Ajay Goel, who is taking over Byju's’ long-vacant CFO position
- April 03, 2023 10:05 PM IST
Byju's previous CFO PV Rao quit in December 2021 and Goel's appointment comes 16 months later, people aware of the matter told Moneycontrol. Goel was the Group Deputy CFO of Anil Agarwal's Vedanta Resources.
- March 23, 2023 09:18 PM IST
The deal, if it happens, will be a mix of cash and stock, with the merged entity exploring an IPO instead of Aakash alone seeking a public listing
- March 22, 2023 01:32 PM IST
Byju Raveendran and his family are ranked 994th on the global list of Indian billionaires, having risen 1,005 positions in the past three years and amassing a fortune of $3.3 billion, according to the report.
- March 21, 2023 03:28 PM IST
Byju's founder Byju Raveendran has been married to Divya Gokulnath for over a decade and couple are parents to two sons.
- March 21, 2023 06:39 PM IST
Byju’s founder Byju Raveendran addressed the Messi controversy while speaking at the India Today Conclave 2023.
- March 21, 2023 02:47 PM IST
Byju Raveendran said, 'She (Divya Gokulnath) used to stay back and ask a lot of questions so she got noticed and I don’t know when it changed and we became life partners.'
- February 03, 2023 10:26 AM IST
Byju's has laid off employees from the engineering, sales, logistics, marketing and communications teams, at least three people familiar with the matter told Moneycontrol.
- February 03, 2023 09:34 AM IST
Byju's has laid off another 1,000-1,200 employees, as the world's most-valued edtech company seeks to bring down costs amid slower revenue growth and a worsening funding winter.
- February 02, 2023 03:57 PM IST
None of the employees were told about the layoffs over mail, as emails tend to get leaked, sources said. Byju's rather told employees over normal and WhatsaApp calls to join a call over Google Meet and were informed about the layoffs there, sources said
- January 20, 2023 11:20 AM IST
Byju Raveendran said that the company is experiencing continued momentum in demand for its core business, which is online K-12 learning, even as some of the company's closest competitors are witnessing slower growth following the pandemic.
- January 20, 2023 10:35 AM IST
In a chat with Moneycontrol, Bjyu’s founder Byju Raveendran and co-founder Divya Gokulnath exuded confidence about turning profitable on a company level over the next quarter. They also spoke about exiting some branding contracts to optimise costs.
- January 20, 2023 09:11 AM IST
Byju's currently has three large branding partnerships with the BCCI (Board of Control for Cricket in India), ICC (International Cricket Council), and FIFA (Federation Internationale de Football Association) that will be up for renewal, but the company will not renew any of them, according to co-founder and CEO Byju Raveendran.
- January 19, 2023 12:37 PM IST
Raveendran also claimed that by the end of this quarter or by the next quarter FY24, Byju's will turn profitable on a company level
- January 16, 2023 06:19 PM IST
The change in sales strategy for Byju's follows the company's meetings with the National Commission for Protection of Child Rights (NCPCR) in December, where the company was asked by the child rights' body to make necessary changes to its sales tactics amid complaints of mis-selling and over-selling.
- January 04, 2023 01:15 PM IST
The former teacher is seeking funding to finance the stake repurchases — which could amount to as much as 15% of the firm — by using his shares as collateral, according to the people.
- December 30, 2022 06:33 PM IST
Byju Raveendran's comments on how users like Byju's courses come at a time when the company has been heavily criticised in the media about allegedly mis-selling and over-selling its courses, even to poor families in the country.
- December 28, 2022 06:22 AM IST
The startup superstar has gone from hero to zero rather rapidly. Will the picture be somewhat different in 2023? Coming soon to a screen near you
- December 17, 2022 09:48 AM IST
Byju Raveendran has been asked to appear in person before the NCPCR at 2 pm on December 23.
- November 23, 2022 01:59 PM IST
Although Prosus' accounting entry implies that it values Byju's at $5.9 billion, experts say that different shareholders may value a private company differently in their books.
- November 11, 2022 05:10 PM IST
Addressing the layoffs, the Divya Gokulnath said: “Sometimes what Byju and Divya want is not what BYJU’s as a company wants.”
