Doubtnut, once offered a $150M deal by Byju’s, sells for $10M

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 for the once fast-gro

Byju’s expects minimal or no fine from India’s forex rule violation allegation

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 natur

Prosus slashes valuation of India’s Byju’s below $3 billion

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 last year. Byj

Byju’s taps Jiny Thattil as CTO following departure of Anil Goel

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 and unif

India accuses edtech giant Byju’s of $1.1 billion forex violations

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 all

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 the most valua

Byju’s CFO quits in six months amid delayed accounts

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 with scores of challenge

Byju’s to cut as many as 5,000 more jobs amid business restructuring

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 amid a broader restructuring of its bus

Byju’s is restructuring businesses

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, head

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 t

Prosus slashes edtech giant Byju’s valuation to $5.1 billion

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 s

Byju’s key investors confirm board exits

Prosus, Peak XV Partners and Chan Zuckerberg Initiative confirmed Friday that their representatives have resigned from the board of Byju’s, India’s most valuable startup that is also reel

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 mos

Deloitte, three board members quit edtech giant Byju’s

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 after the

Alibaba shakes up its leadership, OpenAI lobbies EU regulators, and the late-stage market is a mess

Hello and welcome back to Equity, the podcast about the business of startups, where we unpack the numbers and nuance behind the headlines. All the cool kids are filling out the Equity listener survey

India’s Byju’s to cut up to 1,000 more jobs

Byju’s is cutting 500 to 1,000 more jobs at the firm, this time eliminating several non-sales roles as well, as the Indian edtech giant pushes to improve its finances, according to a person fami

Edtech giant Byju’s launches transformer models in AI push

Byju’s unveiled three transformer models on Wednesday intended to enhance the quality of its services and streamline learning and personalization experience for its students as the edtech giant

Byju’s sues ‘predatory’ lenders on $1.2B term loan, won’t make further payments

Indian edtech giant Byju’s has filed a complaint in the New York Supreme Court to challenge the acceleration of the $1.2 billion term loan B, calling their demands for prepayment of the entire a

AI can do everything, but can crypto do something?

Hello and welcome back to Equity, the podcast about the business of startups, where we unpack the numbers and nuance behind the headlines. Our Monday Tuesday show covers the latest in tech news from

BlackRock cuts Byju’s valuation by nearly two-thirds to $8.4 billion

BlackRock, a minority investor in Byju’s, has yet again cut the valuation of its holding in the Bengaluru-based startup, this time to about $8.4 billion, even as the most valuable Indian startup
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