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  • Last 6 months very tough on ‘personal front’ for Byju, says wife Divya Gokulnath Sep 28, 2022 08:16 AM IST

    Last 6 months very tough on ‘personal front’ for Byju, says wife Divya Gokulnath

    "Byju bared his soul to reveal he has hardly slept in the past six months," wrote his wife Divya Gokulnath in a LinkedIn post.

  • Moneycontrol Selects: Top stories this evening Sep 26, 2022 06:56 PM IST

    Moneycontrol Selects: Top stories this evening

    Our specially curated package of the most interesting articles to help you stay at the top of your game

  • Byju's results: Why is India’s most valuable startup in pain? Sep 26, 2022 04:03 PM IST

    Byju's results: Why is India’s most valuable startup in pain?

    India’s most valuable startup is in pain. Till about a year back, one would mostly hear of its big-bang acquisitions and an unquenchable thirst to raise funds. Byju’s also found itself embroiled in allegations of aggressive sales practices every now and then. But the company’s deal-making blitz tended to steal the headlines more often. Watch the video to know more

  • Byju's pays $234 million to Blackstone related to Aakash deal - Report Sep 24, 2022 08:19 AM IST

    Byju's pays $234 million to Blackstone related to Aakash deal - Report

    Byju's has paid 19 billion rupees ($234 million) to Blackstone Inc, the payment made on Thursday was for a stake of about 38% owned by Blackstone in the learning center chain Aakash.

  • PhysicsWallah's Alakh Pandey, Zepto's Kaivalya Vohra join Hurun India's Rich List of 2022 Sep 21, 2022 02:34 PM IST

    PhysicsWallah's Alakh Pandey, Zepto's Kaivalya Vohra join Hurun India's Rich List of 2022

    Vohra, 19, has in fact become the youngest Indian and the first teenager to have personal wealth of at least Rs 1,000 crore, thanks to an over 50 percent rise in the valuation of Zepto, which he founded with Aadit Palicha in 2020, the report titled IIFL Wealth Hurun India Rich List 2022, showed. Palicha, 20, has also made it to the list.

  • Byju's shifts focus to profitable growth: CEO to employees Sep 20, 2022 07:56 PM IST

    Byju's shifts focus to profitable growth: CEO to employees

    "Going forward in FY23 and beyond, we will combine growth with efficiency to ensure sustainability," he wrote to employees.

  • What's behind Byju's revenue recognition problem? Sep 20, 2022 06:24 PM IST

    What's behind Byju's revenue recognition problem?

  • Divya Gokulnath says Byju's is blockbuster like 'Brahmastra' Sep 20, 2022 12:51 PM IST

    Divya Gokulnath says Byju's is blockbuster like 'Brahmastra'

    The Byju director's clarification comes in after the company reported a Rs 4,500 crore loss in FY21, nearly 17 times the Rs 262 crore loss in FY20 (2019-20), with industry leaders such as Harsh Goenka and Kiran Mazumdar-Shaw questioning the company's valuation.

  • We’re late to the SaaS party, but we’ll continue to make more investments there: Prosus Ventures’ India Head Sep 20, 2022 08:44 AM IST

    We’re late to the SaaS party, but we’ll continue to make more investments there: Prosus Ventures’ India Head

    The VC firm remains slightly conservative in the mid term in terms of funding due to rate hikes and geopolitical uncertainty

  • Byju’s becomes the world’s most-expensive edtech after FY21 revenue decline Sep 20, 2022 07:04 AM IST

    Byju’s becomes the world’s most-expensive edtech after FY21 revenue decline

    Byju’s’ FY21 revenue released last week showed that the company has a revenue multiple of over 40 for the year as it was valued at about $13 billion as of March 2021.

  • Financial lessons that Byju's taught us Sep 16, 2022 10:06 AM IST

    Financial lessons that Byju's taught us

    The revelations in Byju’s accounts shine light not only on the company, but also on the start-up ecosystem

  • MC Explains | Byju’s: How does it earn money and where does it spend? Sep 16, 2022 07:35 AM IST

    MC Explains | Byju’s: How does it earn money and where does it spend?

    This year, the company thus changed it to ‘sale of edutech products.’ Byju’s got Rs 1,848.74 crore from sale of edutech products that comprises tech embedded devices, tablets, SD cards and laptops. Sale of edutech products still accounts for the most of Byju’s revenue.

  • Moneycontrol Selects: Top stories this evening Sep 15, 2022 06:58 PM IST

    Moneycontrol Selects: Top stories this evening

    Our specially curated package of the most interesting articles to help you stay at the top of your game.

  • The devil is in the details for Byju's: Five red flags from financial auditor's notes Sep 15, 2022 02:47 PM IST

    The devil is in the details for Byju's: Five red flags from financial auditor's notes

    Factors such as the year-long delay in filing of FY21 annual report, a large number of layoffs, and fundraising issues have spooked the company's stakeholders in the recent past.

  • Byju’s has a week left to pay Blackstone Rs 2,000 crore for Aakash deal Sep 15, 2022 02:43 PM IST

    Byju’s has a week left to pay Blackstone Rs 2,000 crore for Aakash deal

    If Byju’s fails to complete the payment by September 23, the company will have to seek an extension from the RBI for closing the transaction, according to lawyers Moneycontrol spoke with.

  • Byju's FY21 results out after 12-month wait: Decoding the edtech startup's surprising losses Sep 14, 2022 07:44 PM IST

    Byju's FY21 results out after 12-month wait: Decoding the edtech startup's surprising losses

    Byju's FY21 results are out. One of the most anticipated results in India's start-up ecosystem comes with an unexpected element -- Byju's has posted a surprising fall in its FY21 revenue. The company's revenue has fallen 3 percent YoY, and its losses have surged nearly 17 times as compared to the previous year. The delay in Byju's financials drew the attention of the government too - the company missed at least four deadlines. What do these results mean for the company? Watch this video for all the details.​

  • Moneycontrol Selects: Top stories this evening Sep 14, 2022 06:45 PM IST

    Moneycontrol Selects: Top stories this evening

    Our specially curated package of the most interesting articles to help you stay at the top of your game

  • ‘If this didn’t break us, nothing will’: Byju Raveendran opens up about troubles of last six months Sep 14, 2022 05:48 PM IST

    ‘If this didn’t break us, nothing will’: Byju Raveendran opens up about troubles of last six months

    Byju’s has been embroiled in controversies regarding delays in filing financials, sales practices, layoffs and funding troubles. The founder and CEO of the edtech firm talks about it all in an interview with Moneycontrol

  • Byju’s logs in surprise fall in FY21 revenue, losses widen 20 times Sep 14, 2022 03:53 PM IST

    Byju’s logs in surprise fall in FY21 revenue, losses widen 20 times

    The company's revenue fell 3 percent year on year to Rs 2,428 crore on a consolidated basis, down from Rs 2,704 crore the previous year, according to the FY21 results. Byju's reported a Rs 4,500 crore loss in FY21, nearly 17 times the Rs 262 crore loss in FY20 (2019-20).

  • Byju's audited revenue likely to be lower than projected numbers Sep 13, 2022 02:23 PM IST

    Byju's audited revenue likely to be lower than projected numbers

    The company is yet to submit its annual report for FY21. Raveendran said that the difference might be due to the change in how the start-up recognises its revenue.

  • Byju’s failure to publish accounts prompts scrutiny of edtech giant Sep 12, 2022 02:46 PM IST

    Byju’s failure to publish accounts prompts scrutiny of edtech giant

    Investors and government concerned over rapid expansion by India’s most valuable start-up

  • Byju's to make financial results public next week Sep 06, 2022 03:29 PM IST

    Byju's to make financial results public next week

    The company had informed the Ministry of Corporate Affairs in July that it will announce its financial result on September 6.

  • Byju's likely to raise over $500 million at $23 billion valuation Sep 04, 2022 04:25 PM IST

    Byju's likely to raise over $500 million at $23 billion valuation

    The company is planing to use the funding for acquisition in the US.

  • Byju’s to file its audited financial results on September 6: Report Aug 29, 2022 08:49 AM IST

    Byju’s to file its audited financial results on September 6: Report

    Earlier this month, the ministry sent a letter to Byju’s parent company asking them to explain the seventeen-month delay in filing audited accounts.

  • Govt seeks Byju's reply on delayed filing of audited accounts Aug 25, 2022 08:59 PM IST

    Govt seeks Byju's reply on delayed filing of audited accounts

    Earlier this month, the nation’s Ministry of Corporate Affairs sent a letter to Byju’s parent company asking them to explain the seventeen-month delay in filing audited accounts

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