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BYJU News

23 Oct 2024

SC Sets Aside NCLAT Nod To Byju's Settlement With BCCI

Byju’s Insolvency Case: The NCLAT order came with a rider that in case of failure of timely payment of the dues on the specific dates submitted in the undertaking, the insolvency proceedings would be revived automatically.

11 Sep 2024

Byju's Insolvency Case: Supreme Court Sets Plea Hearing For September 17

The August 2 verdict of the NCLAT had come as a huge relief for Byju's as it had effectively put its founder Byju Raveendran back in control.

21 Aug 2024

Byju’s Employees Haven’t Received July Salaries Yet, CEO Explains Why

In an email to employees, Byju Raveendran expressed that each legal hurdle has prolonged the company’s journey toward recovery.

02 Aug 2024

NCLAT Gives Nod To Byju's Settlement With BCCI, Sets Aside Insolvency Plea

The appellate court maintained that the lenders failed to provide any evidence to substantiate their claims.

26 Jun 2024

MCA Denies Clean Chit To Byju's In Financial Fraud Case

The Ministry added that proceedings under the Companies Act, 2013, initiated by the MCA are still ongoing and no conclusions should be drawn at this stage.

08 Jun 2024

Byju's, Once Valued At $22 Billion, Is Now Worth "Zero”

The embattled edtech firm is struggling to pay employee salaries amid mounting legal battles.

22 Apr 2024

Byju's Pays Partial March Salary Dues Ahead Of NCLT Hearing: Report

The global ed-tech company will have to face a hearing at the National Company Law Tribunal (NCLT) on Tuesday.

15 Apr 2024

Byju's CEO Arjun Mohan Quits, Edtech To Consolidate Biz In 3 Units

Byju has now decided to consolidate its business into three “focused” divisions -- The Learning App, Online Classes and Tuition Centres, and Test-prep.

09 Apr 2024

Byju's Starts Paying March Salary To Employees

The company raised USD 200 million through rights issue to meet its operational requirements, including expenses related to employees' salaries.

08 Apr 2024

Byju’s-Owned Aakash Institute Appoints Deepak Mehrotra As New MD & CEO

Aakash Institute, Mehrotra held the position of Managing Director at Ashirvad Pipes before joining Aakash Institute.

02 Apr 2024

Byju's Delays March Salaries; Blames Few Foreign Investors

As you know, the founders have put everything back into the company, and regardless of the court verdict, we are following a parallel line of credit to ensure that you receive your salary by 8th of April," the management said.

22 Mar 2024

Byju's Says 262 Tuition Centres Operational, A Few To Undergo 'Strategic Restr

The company is giving up office spaces as the leases expired, keeping only its Bengaluru-based headquarters.

15 Mar 2024

US Court Orders Byju's To Freeze $533 Million Owed To Lenders

The court also found that Raveendran and Gokulnath "are working in concert with the defendants and ordered them to comply with its ruling".

22 Feb 2024

Investors To Go Ahead With Friday Meet To Oust Byju’s CEO Amid Court Order

The edtech major had filed the petition under Section 9 of The Arbitration and Conciliation Act, 1996.

23 Jan 2024

Byju's Seeks To Raise $100 Million With 90% Valuation Cut: Report

The company's core loss expanded by over 61% in fiscal year 2022.

01 Oct 2023

Byju's Misses Deadline To File FY22 Financials Will Now Be Released In Oct

In a statement, the company said it will convene a board meeting in the second week of October "for approval and adoption of accounts for FY22".

IT Layoffs 2023

27 Sep 2023

Byju's To Cut 4,000-5,000 Jobs In Business Restructuring Exercise

“Byju's new India CEO, Arjun Mohan, will be completing this process in the next few weeks and will steer a revamped and sustainable operation ahead,” the spokesperson added.

29 Jun 2023

“Things Are Not As Bad As You...," Byju's CEO Message To Employees

According to a remark from Byju Raveendran in the Economic Times, "things are not as bad as you think - as you read in the media, for sure." He added that the startup is now more effective than it was six months ago.

27 Jun 2023

India's Byju's Seeks To Raise $1 Billion To Stave Off Investor Revolt - Report

Byju seeks to close a round within two weeks, according to the report.

25 Jun 2023

Byju's Staff Say Morale Waning Amid Turmoil At Indian Edtech Firm

Byju's has already let go of several thousand employees this year.

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