Page 12 - Latest Updates on Byju Raveendran
More investments for Byju's? Abu Dhabi's 10X AD, Apollo conduct talks
This comes as the edtech company is looking to raise at least $400 million to $600 million from investors
 "More investments for Byju's? Abu Dhabi's 10X AD, Apollo conduct talks")
Byju's lenders ready for loan restructuring but want $200 mn prepayment
Byju's has volunteered to raise the interest rate for the loan by about 200 basis points (bps), but it has not agreed to the prepayment clause so far
 "Byju's lenders ready for loan restructuring but want $200 mn prepayment")
No plans to shut down WhiteHat Jr, merely optimising it: Byju's
Last year, Byju's laid off about 600 employees at its group companies - WhiteHat Jr and Toppr
Byju's seeks more time from lenders to renegotiate $1.2 billion debt
Byju's is scrambling to appease creditors and investors already concerned about mounting losses at the once high-flying startup
Byju's founder raising funds to buy back as much as 15% of firm: Report
Raveendran is in the midst of overhauling the company's strategy and cutting marketing spend with a goal to be profitable by March
 "Byju's founder raising funds to buy back as much as 15% of firm: Report")
After many rocking years, we needed a rocky year: Byju's CEO Raveendran
Raveendran acknowledged that the first six years of Byju's were those of steady growth and the next four -- from 2017 to 2021 -- saw the company's exponential rise
 "After many rocking years, we needed a rocky year: Byju's CEO Raveendran")
No question of mis-selling, sales team doesn't have rights: Byju's to NCPCR
Says that by design, every sale is unapproved until it is verified by a triple-layered audit mechanism that reaches out to the interested customer through SMS, audio and video calls
 "No question of mis-selling, sales team doesn't have rights: Byju's to NCPCR")
Byju's to undertake affordability test of parents before selling courses
The child rights organisation will meet with Byju's officials again on Monday for additional information and documents from the company
Byju's denies buying student databases after NCPCR Chief's allegation
Edtech major Byju's strongly denied reports by NCPCR that the company is allegedly buying phone numbers of children and their parents and threatening them to buy its courses
Byju's allegedly buying contacts of children, threatening parents: NCPCR
The child panel took action based on a news report that the company's sales team was engaging in dishonest behaviour to persuade parents to purchase their courses for their kids
 "Byju's allegedly buying contacts of children, threatening parents: NCPCR")
NCPCR summons BYJU's CEO Raveendran over allegation of malpractice
Apex child rights body NCPCR has summoned edtech BYJU's CEO over allegations that it is indulging in malpractices to lure parents and children to buy their courses
Will look into financial disclosures of Byju's, says ICAI president
Move comes in backdrop of Congress MP Karti Chidambaram's letter airing concerns over results
Brand ambassadors: An illusory fascination
Byju's appointment of Messi is a good example of the illusory fascination that companies harbour for celebrity endorsements
Byju's Aakash Educational Services IPO valuation likely to hit $4 billion
May pick the lead bank in 2 weeks and DRHP expected in Jan-Feb
 "Byju's Aakash Educational Services IPO valuation likely to hit $4 billion")
Byju's decides not to shut its Kerala centre after founder meets CM
Byju Raveendran reiterates his commitment to the state, says company spokesperson
Overall job cuts no more than 5% to avoid role duplication: Byju Raveendran
"I want to emphasise that the overall job cuts are not more than five per cent of our total strength," he said
 "Overall job cuts no more than 5% to avoid role duplication: Byju Raveendran")
Truly sorry to those who'll have to leave Byju's, says Raveendran to staff
The edtech giant has to sever 2,500 employees to avoid role duplication across businesses, says founder in a letter to employees
 "Truly sorry to those who'll have to leave Byju's, says Raveendran to staff")
Byju's takes Rs 300 crore unsecured loan from Aakash at a rate of 7.5%
Aakash Educational Services was acquired by Think and Learn Pvt, Byju's parent company, in April 2021 for a cash and stock deal worth $950 million
Byju's employees meet Kerala minister after 170 staff are 'asked to resign'
Byju's booked a loss of Rs 4,588 crore for the financial year ended March 31, 2021, 19 times more than the preceding year, according to its latest financial report
Byju's raises $250 mn from existing investors, valuation remains at $22 bn
Regardless of the adverse macroeconomic conditions, Byju's founder Byju Raveendran said 2022-23 is set to be the best year in terms of revenue, growth and profitability
 "Byju's raises $250 mn from existing investors, valuation remains at $22 bn")