Page 25 - Byju's

Byju's-owned Great Learning likely to cross Rs 1,000 crore revenue in FY23

The firm is expanding in regions such as India, North America, Latin America, Africa, and Southeast Asia and is also planning to acquire various companies in these markets

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

Looking into financial disclosures of Byju's: ICAI head Debashis Mitra

Chartered accountants' apex body ICAI is looking into the financial disclosures made by edtech major Byju's amid concerns that there are issues related to them, according to a top official. The development also comes against the backdrop of Lok Sabha member Karti Chidambaram flagging concerns about the financials of the edtech startup, which has significantly expanded its operations in recent years. Last month, the Congress leader had also written to the ICAI (Institute of Chartered Accountants of India) to review the company's financials. ICAI President Debashis Mitra said the Institute is aware of the issues at Byju's and that was not just because Karti Chidambaram had written to it about the alleged issues. "We don't see any serious lapses at the company but yes it looks like there are issues around its financial disclosures. The FRRB (Financial Reporting Review Board) is also looking into the matter," he told PTI here. The institute's FRRB, constituted in July this year, works

Ronnie Screwvala-led upGrad to hire 1,400 amid edtech sector turbulence

Signs up new leases for 335K sq ft space in Mumbai, Bengaluru, Pune and Noida

BYJU's expects 3-fold revenue growth, losses halved in FY 2022: Official

Edtech major BYJU's expects to register a three-fold growth in revenue and losses to be halved in financial year 2022, according to a top company official. BYJU's Founder and CEO Byju Raveendran, at a startup event on Friday, also defended roping in football star Lionel Messi as its global ambassador amid job cuts at the company, saying the decision was taken six months ago. "Addressing a gathering of entrepreneurs and investors at Tech Sparks 2022, Raveendran said that the company with over 150 million learners, is well on its path to profitability as it expects revenue growth of 3 times and losses to be more than halved in FY'22," as per an excerpt of the event shared by BYJU's with PTI. BYJU's had booked a loss of Rs 4,588 crore and revenue of Rs 2,428 crore for the fiscal year ended March 31, 2021. BYJU's co-founder Divya Gokulnath had announced laying off around 2,500 people from the company as it chalks out a path to profitability by March 2023 and hires 10,000 more teachers

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Brand ambassadors: An illusory fascination

Byju's appointment of Messi is a good example of the illusory fascination that companies harbour for celebrity endorsements

Hiring of top-level professionals slowing down in Indian startups: Report

In most startups, the CEOs are now participating in the hiring process for senior-level professionals

Byju's ropes in Messi as global brand ambassador for its social initiative

Earlier this year, edtech giant Byju's became the official sponsor of the FIFA World Cup 2022 in Qatar

Byju's ropes in Messi as global brand ambassador for social initiative EFA

Edtech major BYJU's has roped in football star Lionel "Leo" Messi as the first global brand ambassador of its social impact arm Education For All, the company said on Friday. Messi, who plays for Paris Saint-Germain and captains the Argentinian football team, has signed an agreement with BYJU'S to promote the cause of equitable education, BYJU'S said in a statement. "We are honoured and excited to collaborate with Lionel Messi as our global ambassador. He rose from the grassroots to become one of the most successful sports persons ever. That is the kind of opportunity that BYJU'S Education For All (EFA) wants to create for the nearly 5.5 million children it currently empowers. No one represents the power of enhancing human potential more than Lionel Messi," BYJU'S co-founder Divya Gokulnath said. The engagement of BYJU's with Messi will enhance visibility of the edtech firm overseas as football has roughly 3.5 billion fans worldwide, and Lionel Messi has a social media following of

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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

Top headlines: Morbi death toll at 132; India Inc eyes Dubai for investment

Prime Minister Narendra Modi on Sunday said he could foresee that India would soon be manufacturing big passenger aircraft that would proudly bear the words 'Made in India'.

No plans to exit Kerala, will hire around 600 people, says Byju's

The total number of Byju's centres across the state will be 14, while no. of employees will increase from 3,000 to 3,600

Employees not forced to resign, it's part of 5% workforce reduction: BYJU's

Earlier this month, BYJU's had announced to reduce 5 per cent of its 50,000-strong workforce (about 2,500 people), which will be "rationalised across product, content, media

Byju's laying off workers in Bengaluru HQ, says K'taka IT workers' union

Bengaluru-based Edtech giant Byju's, after making news for massive layoffs in Kerala's Thiruvananthapuram, is now facing similar allegations in this city of Karnataka

Kerala govt to meet Byju's executives on Nov 2 as 170 staff asked to resign

A meeting was called by the officials of the labour department on October 25, but the company did not appear for meeting