Page 12 - Byju Raveendran

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

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. According to a media report, BYJU's is facing a range of complaints on social media platforms and consumer websites with customers alleging that they were exploited and deceived as they had to put their savings and futures in jeopardy. The National Commission for Protection of Child Rights, taking cognisance of the matter, has summoned BYJU's CEO Byju Raveendran to appear before it next week. "The Commission is in observance that indulging into malpractices to lure the parents or children into entering loan based agreements and then causing exploitation is against the welfare of children and in pursuance of the functions and powers under Section 13 and 14 of CPCR Act, 2005," NCPCR said. The Commission asked the company to appear in person before it along with the details of all the courses run by BYJU's for children the

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 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

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

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

Lawmaker Karti P Chidambaram asks ICAI to investigate Byju's finances

Says nearly 81% of Byju's operating revenue for FY2021 constitutes sale of products like tablets, SD cards and laptops, which is a blatant misrepresentation of facts to classify hardware as edutech

Will hire 10,000 teachers in next 6 months, says Byju's co-founder

The hiring strategy is going to play a key role in the company's optimisation plan as it looks to target profitability by March 2023

Ed-tech firm FrontRow lays off 75% of staff, day after Byju's move

Second round of sacking to save costs reduces FrontRow's headcount to 45 people

Byju's to lay off 2,500 staffers, targets profitability by March

The company is also realigning marketing spending to enhance its global footprint

This is why Byju Raveendran's last 6 months were 'toughest', reveals wife

BYJU's Co-founder Divya Gokulnath revealed that last 6 months were super tough for her husband not only on professional front, but also in personal life as his father was fighting late-stage cancer

Edtech major Byju's Rs 1,500-cr payment to Blackstone by September-end

The most-valued edtech start-up made headlines earlier this month after its FY21 numbers received an unqualified report from the company's auditor, Deloitte Haskins & Sells

Top Headlines: Byju's focus on profit; YES Bank sells stressed loans

After reporting a loss of Rs 4,588 crore in 2021 fiscal, Byju Raveendran, the founder and CEO of the world's most valuable edtech firm Byju's, has told employees

Byju's focusing on profitable growth, $2 bn revenue in sight: CEO to staff

Asserts that FY22, the year in which the edtech firm incurred a Rs 4,588 cr loss, was the company's best so far and that 2022-23 is set to be even stronger