Page 26 - Byju's

Byju's takes Rs 300 crore unsecured loan from Aakash for 'principal biz'

The loan was granted at an interest rate of 7.5 per cent per annum, according to the filing

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

Kerala government orders probe as Byju's shuts down Trivandrum office

A Byju's official said that the company is aiming to cut costs and "restructure" for profitable growth

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 to raise $600 mn, in talks with Abu Dhabi's sovereign wealth funds

The funds are being raised at a time when the company said it is in the sweet spot of its growth story and the capital its invests in its business now will result in profitable growth

The great Indian unicorn conundrum: High valuations and higher losses

Companies get investors' financing though many of them not on path to profitability

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

Top headlines: Byju's raises $250 mn; ACC posts surprise Q2 loss

Business Standard brings you top news of the evening

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

Top Headlines: Byju's to lay off 2,500 staffers, broken rice exports & more

India will allow overseas broken rice shipments of 397,267 tonnes backed by letters of credit (LCs) issued before September 8

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

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

Byju's aims for profitability by March 2023, to fire 2,500 employees

Edtech major Byju's has chalked out a plan to become profitable by March 2023 to optimise its marketing and operational cost, which will lead to retrenchment of 5 per cent employees or about 2,500 people in next six months. Byju's co-founder Divya Gokulnath told PTI that the company will start focussing on building brand awareness overseas through new partnerships and hire 10,000 teachers for India and overseas business. "We have designed a path to profitability which we plan to achieve by March 2023. We have built significant brand awareness throughout India and there is scope to optimise marketing budget and prioritise the spends in a way that it creates a global footprint. Second is operational cost and the third is integration of multiple business units," Gokulnath said. She said that the K10 subsidiaries -- Meritnation, TutorVista, Scholar and HashLearn -- will now be consolidated as one business unit under India business. Aakash and Great Learning will continue to function as

How Discovery School Super League is bridging the gap between the classroom and online learning

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Byju's says incorrect Indian map is not part of its study material

Edtech major Byju's on Sunday said an incorrect map of India that is circulating on the internet has been wrongly attributed to the company and it will approach the authorities for further investigation and action. The map, which has been attributed to Byju's, shows a few parts of Kashmir as "Azad Kashmir" and "Aksai Chin", sparking outrage on social media against the edtech firm. A Byju's spokesperson said the image in circulation is fake and not from its material. "All our content is watermarked and additionally our logo usage is incorrect, we never use an underline below the logo. We strongly condemn the incorrect map of India that is being distributed maliciously with our incorrect logo placed on it," the spokesperson said. The image has been attributed to student notes and also to an exam paper of Byju's, which has been denied by the company. "This is not part of any material that we have distributed. Our curriculum and all material created are strictly aligned to multiple ..

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

Top headlines: Byju's pays $234 mn to Blackstone, India's 5G and more

From edtech sector to US economy, here are the top headlines this evening

Byju's pays $234 mn to Blackstone Inc related to Aakash deal: Report

India's Byju's has paid 19 billion rupees ($234 million) to Blackstone Inc, settling its dues owed to the private-equity firm as part of a $950 million deal to buy Aakash Educational

Future of learning: Edtech start-ups' hybrid tilt to lure students

With the offline lure of greater teacher-student connect many such start-ups have forayed into brick-and-mortar centres to compete with existing offline institutions