Byju Raveendran
Byju’s founder floats share offer to make peace with estranged investors
Founder Byju Raveendran is making a last-ditch attempt to placate the embattled Indian startup’s disgruntled investors.
India court permits Byju’s key shareholder meeting for $200M rights issue
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…
Byju’s founder, ousted by shareholders, insists he is still the CEO
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 investors don’t have voting right to remove founder from edtech group
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 cuts valuation ask by 99% in rights issue amid cash crunch
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…
Byju’s seeks new funding at less than $2 billion valuation, a 90% drop
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.…
Byju’s misses revenue projection in much-delayed financial account
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…
Prosus slams Byju’s after quitting board, says India’s top startup ‘regularly disregarded advice’
Prosus, one of the largest investors in Byju’s, expressed its disappointment in the edtech giant’s reporting and governance practices on Tuesday, a month after all the key investors quit the…
Prosus, the largest non-founder shareholder in Byju’s, has drastically slashed the worth of its stake in the edtech giant, implying a starkly diminished valuation of $5.1 billion to the Indian…
India ordered an investigation into Byju’s days before auditor and board members resigned, report says
India’s corporate affairs ministry ordered an investigation into edtech startup Byju’s last week, television news channel CNBC-TV18 reported Friday, further complicating matters at the most valuable Indian startup that lost…
Global giant Deloitte quit as the auditor of Byju’s and three board members resigned from the most valuable Indian startup on Thursday, sending a shockwave through the industry, a year…
India’s anti-money laundering agency searches edtech giant Byju’s offices
India’s crime-fighting agency searched three premises of edtech giant Byju’s and its founder Byju Raveendran, it said Saturday, and seized various “incriminating” documents and digital data. The Enforcement Directorate (ED)…
Indian edtech giant Byju’s raises $250 million in fresh funding
Byju’s said Monday it has raised $250 million in new funding from existing backers as the Indian edtech giant looks to navigate the market downturn that has forced the firm…
Byju’s clears $230 million payment to Blackstone for $1 billion Aakash deal
Byju’s has cleared all its dues to Blackstone by paying $234 million it owed the global investment giant for the $1 billion acquisition of Aakash, a source familiar with the…
Indian edtech giant Byju’s missed own revenue projections in FY21
Byju’s clocked a revenue of $305.6 million in the financial year that ended in March 2021, below its own projections, the Indian edtech giant disclosed in audited results Wednesday, following…
Byju’s yet to secure $250 million of its $800 million March funding
Byju’s has yet to receive $250 million of the $800 million funding it announced in March this year, the company said, as India’s most valuable startup comes under scrutiny. Sumeru…
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Byju’s founder took loan to invest $400 million in edtech giant
Byju Raveendran, founder and chief executive of the eponymous edtech giant, has financed his recent $400 million investment in Byju’s through a debt he raised from multiple international banks, two…
Byju’s founder backs startup in $800 million funding at $22 billion valuation
Byju Raveendran, the co-founder and chief executive of eponymous Indian edtech giant Byju’s, has invested $400 million into the startup, the two said on Friday. His backing is part of…
India’s most valuable startup Byju’s in talks to go public via record SPAC deal
Indian edtech giant Byju’s, the nation’s most valuable startup, is in talks to go public in the U.S. by merging with a blank check company led by Churchill Capital, a…
Indian edtech giant Byju’s valued at $18 billion in new funding
Byju’s has raised about $300 million as part of a larger round of new investment as the Indian edtech giant focuses on expanding its international business and aggressively explores merger…
Bankers chase Byju’s for IPO, valuation pegged up to $50 billion
Nearly every top investment bank is chasing Byju’s and nudging the most valuable Indian startup to seriously explore the public markets as soon as next year. Most banks have given…
Byju’s acquires reading platform Epic for $500 million in US expansion push
Byju’s said on Wednesday it has acquired California-headquartered reading platform Epic for $500 million, the latest in a series of moves from India’s most valuable startup as it deepens its…
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Indian decacorn Byju’s CEO talks about future acquisitions, coronavirus and international expansion
Since India enforced a lockdown across the country in late March, shutting schools and other public places, Bangalore-headquartered startup Byju’s has emerged as one of the quintessential platforms for school-going students in the world’s second largest internet market. It took the startup about four and a half years to amass 40 million students. Since the…
