Page 8 - Latest Updates on Byju Raveendran
Byju's controversies: The troubles hurting India's biggest edtech company
How did Edtech firm fall from the grace that it once enjoyed with the valuation peaking at $22 billion. Explained
 "Byju's controversies: The troubles hurting India's biggest edtech company")
Edtech major Byju's rights issue gets $300 million commitment: Report
BYJU'S floated a rights issue in January to raise USD 200 million through equity rights issue at an enterprise valuation in the range of $220-250 million
 "Edtech major Byju's rights issue gets $300 million commitment: Report")
Netflix's monetisation model may just save India's online learning apps
The Physics Wallah app has 2 million users logging in daily and spending 80 minutes
 "Netflix's monetisation model may just save India's online learning apps")
UpGrad's founder blames Raveendran, investors for current state of Byju's
Speaking at the second edition of the ASU+GSV & Emeritus Summit in Gurugram, he emphasized that "one rotten apple" should not affect the entire edtech sector
 "UpGrad's founder blames Raveendran, investors for current state of Byju's")
Seeking a change of guard: Key investors likely to drag Byju's to NCLT
Earlier this month, these shareholders had issued a notice calling for an EGM to address "persistent issues", including a change in management
TMS Ep624: Byju's red flag, Bhavish's unicorns, markets, Parivesh 2.0
Is Byju's case a red flag for startup founders? Has Bhavish's 3rd unicorn cemented his startup success? Will the RBI change its stance in February policy? What is the Parivesh 2.0 portal? Answers here
Startup world gauges spillover effect of edtech firm Byju's web of crises
Byju's income grew to Rs 5,298.43 crore in FY22. But its losses widened to Rs 8,245.2 crore in FY22. Its total expenses for FY22 rose by 94 per cent to Rs 13,668.44 crore
 "Startup world gauges spillover effect of edtech firm Byju's web of crises")
Byju's pays Jan salaries; Raveendran says moving mountains to make payroll
"To be clear, this fight is only against a few vested interests who were trying to sabotage the company by impeding the rights issue," CEO Raveendran said in a letter addressed to the employees
 "Byju's pays Jan salaries; Raveendran says moving mountains to make payroll")
Byju's US unit files for bankruptcy, lists liabilities of $1 bn to $10 bn
US unit of Indian education technology startup Byju's has filed for Chapter 11 bankruptcy proceedings in the U.S. court of Delaware, listing liabilities in the range of $1 billion to $10 bn
 "Byju's US unit files for bankruptcy, lists liabilities of $1 bn to $10 bn")
Byju's fights back: Investors have no voting rights on CEO change
The edtech company responded to statements from select investors calling for an extraordinary general meeting (EGM) to replace founder and group CEO Byju Raveendran
 "Byju's fights back: Investors have no voting rights on CEO change")
Byju's claims 'certain investors' are conspiring against company
Byju's is facing multiple challenges, including a cash crunch, delays in financial reporting and legal disputes with lenders
 "Byju's claims 'certain investors' are conspiring against company")
Edtech firm Byju's says investors have no voting rights on CEO change
At least six BYJU's investors have called for an Extraordinary General Meeting (EGM) to address issues at the edtech major and oust founders from having control over the firm
 "Edtech firm Byju's says investors have no voting rights on CEO change")
Key shareholders of Byju's call for EGM, want CEO Raveendran to quit
The current board of Byju's parent Think and Learn mainly consists of Raveendran, his wife and Byju's co-founder Divya Gokulnath, and his brother Riju Ravindran
Shareholders Prosus, others call for ouster of Byju's founders in new salvo
'We are deeply concerned about the future stability of the company under its current leadership and with the current constitution of the Board,' the shareholders said in a statement
 "Shareholders Prosus, others call for ouster of Byju's founders in new salvo")
Byju's shareholders schedule meeting to oust edtech CEO and board: Report
This is the first time shareholders have banded together to issue a statement calling for a change in leadership at Byju's
Byju's to raise $200 million via rights issue from existing investors
Byju Raveendran said that Byju's is now less than a quarter away from achieving operational profitability
Focus on reducing losses, bring in efficiency: Byju's India CFO Golani
The company has taken various measures to improve the company's operating financial conditions including scaling down the underperforming businesses significantly
 "Focus on reducing losses, bring in efficiency: Byju's India CFO Golani")
FY22 report card: Edtech company Byju's losses widen to Rs 8,245.2 cr
Subsidiaries WhiteHat Jr, Osmo contributed to 45% of losses
 "FY22 report card: Edtech company Byju's losses widen to Rs 8,245.2 cr")
Edtech major Byju's to slash $22 bn valuation by 90% to raise fresh funds
The company is focusing on rebuilding its core business and will double down on recent attempts to jump on to the next big bandwagon in education
Here's how the world's most valuable learning app Byju's became a trap
The group is facing an acute liquidity crunch. Amid mass layoffs and deep losses, the former billionaire founder has sold his homes to pay salaries
 "Here's how the world's most valuable learning app Byju's became a trap")