Page 22 - Byju's
Top Headlines: Byju's says lenders faked debt crisis, Tesla in India & more
Business Standard brings you top news at this hour
 "Top Headlines: Byju's says lenders faked debt crisis, Tesla in India & more")
Byju's accuses lenders of manufacturing fake debt crisis to extort money
The company chalks up its current debt predicament to aggressive distressed-debt investors who, in its view, were never supposed to be able to buy the loan
 "Byju's accuses lenders of manufacturing fake debt crisis to extort money")
Edtech giant Byju's rolls out AI models for hyper-personalised learning
The edtech giant has launched Byju's Wiz, a suite of three AI transformer models - BADRI, MathGPT, and TeacherGPT
 "Edtech giant Byju's rolls out AI models for hyper-personalised learning")
Top headlines: Byju's file suit against TLB acceleration, Adani repays loan
Business Standard brings you top headlines at this hour
Edtech giant Byju's 'skips' interest payment on $1.2-billion loan
Files suit against Redwood, alleging predatory tactics
 "Edtech giant Byju's 'skips' interest payment on $1.2-billion loan")
Byju's announces plans for Aakash IPO in 2024 amid funding crunch
Edtech giant facing deadline to pay $40 mn; raises $250 mn from US investment firm
Edtech major Byju's faces deadline for $40 million payment of $1.2 bn loan
The $1.2 billion debt is the largest unrated loan by a startup ever. The once high-flying company led by former teacher Raveendran had been trying to strike a deal with creditors to restructure loan
 "Edtech major Byju's faces deadline for $40 million payment of $1.2 bn loan")
Janus Henderson further downgrades PharmEasy valuation to $ 2.7 billion
Several other Indian startups such as Meesho, Swiggy, Byju's, Pine Labs, and Ola have seen similar cuts in their valuations
 "Janus Henderson further downgrades PharmEasy valuation to $ 2.7 billion")
Edtech major Byju's lenders discard talks to restructure $1.2-billion loan
Lenders may put pressure on Byju's to liquidate US assets to part-repay
Edtech major Byju's lenders scrap talks to restructure a $1.2 bn loan
Byju's has to make an interest payment on the loan by June 5
Top headlines: 41% of FAME II target met, cut in Byju's valuation and more
Business Standard brings you top news at this hour
BlackRock cuts edtech giant Byju's valuation by 62% in a year to $8.4 bn
BlackRock reportedly pegged the value of its 2,279 shares in the company at $4,043,471, estimating Byju's fair value at $8.4 billion as of March 31, 2023
BlackRock cuts Byju's valuation again. This time by 62% to $8.4 billion
However, Byju's recently secured $250 million in fresh funding at a valuation cap of $22 billion
Litigants' claims in US court over loan to entity 'bewildering': Byju's
Edtech giant says creditors claim about hiding $500 million 'entirely incorrect'
Edtech major Byju's sued by an agent connected to its $1.2 billion loan
The lawsuit was filed by Glas Trust Company and investor Timothy R. Pohl against Byju's Alpha, Tangible Play, Inc. and Riju Ravindran
Edtech startup Byju's sued by creditor Glas Trust Company tied to $1.2 bn
Byju's started negotiating its credit agreement after it breached investor protections on the debt by missing a deadline to disclose annual financial results
 "Edtech startup Byju's sued by creditor Glas Trust Company tied to $1.2 bn")
Byju's closes Rs 2,000-crore debt funding from Davidson Kempner Capital
This is part of $1 billion funding in a mix of equity and structured instruments
Byju's raises $250 mn from Davidson Kempner Capital at $22 bn valuation
Edtech major BYJU'S is learnt to have closed USD 250 million fundraising from Davidson Kempner Capital and is in the process to close another funding round of USD 750 million by the end of this month, sources aware of the development said on Friday. The company has raised USD 250 million at a flat valuation of USD 22 billion, sources said. "BYJU'S has successfully closed a USD 250 million fundraising from Davidson Kempner Capital Management. This round is part of an ongoing USD 1 billion funding round that has attracted participation from both existing and new investors and will be raised at the current valuation of USD 22 billion," a source aware of the development told PTI. BYJU'S declined to comment on the development. The company raised USD 250 million from existing investors and Qatar Investment Authority in October last year. The company was valued at USD 22 billion in the funding round of USD 800 million, announced in March 2022. "BYJU'S is in the process to close another
Edtech giant Byju's may soon raise $1 billion from ADQ and Oaktree
Once edtech giant closes it, this will be one of the largest funding rounds
ED raid likely to hit edtech giant Byju's $700-million fundraising plan
The Bengaluru-based firm, which achieved a valuation of $22 billion in a funding round in March last year, is in the process of raising $700 million from investors, according to the sources