[ad_1] BENGALURU: Early Byju‘s investor Mohandas Pai and former State Bank of India chairman Rajnish Kumar will join a council aimed at addressing corporate governance issues at the edtech startup roiled by government scrutiny and a spate of high-profile resignations.The council will mentor Byju’s board and its CEO Byju Raveendran on crucial matters, the company … Read more
[ad_1] Byju’s statement came in the backdrop of the report of an intelligence firm. New Delhi: Edtech major Byju’s on Tuesday said its promoters have re-invested the entire amount raised by them through secondary sale of shares in the company. According to private market intelligence firm PrivateCircle Research, Byju’s promoters — Byju Raveendran, Divya Gokulnath and Riju … Read more
[ad_1] Lenders accused one of India’s hottest tech companies, Byju’s Alpha, of hiding $500 million as part of a fight between creditors and the self-proclaimed biggest education technology company in the world.The allegation came out at a court hearing on Thursday in Delaware, where Byju’s Alpha faces a lawsuit over who should control the company. … Read more
[ad_1] In the internal memo, Raveendran said that the company had sent some money overseas to fund its international acquisitions. Byju’s was once valued at USD 22 billion and has attracted global investors such as General Atlantic, BlackRock and Sequoia Capital. After financial crime-fighting agency ED searched Byju’s premises, the education platform’s CEO Byju … Read more