Byju's

Byjus: Byju’s executive leadership ‘regularly disregarded’ advice and recommendations: Prosus explains why its representative quit startup’s board – Times of India

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[ad_1] NEW DELHI: Trouble continues to mount for Byju’s. A month after the firm’s investor Prosus confirmed the resignation of its representative Russell Dreisenstock from the board of the startup, the Netherlands-based technology investor on Tuesday said that the executive leadership at Byju’s regularly “disregarded” Dreisenstock’s advice and recommendations relating to strategic, operational, legal and … Read more

Byju S: Byju’s staff say morale waning amid turmoil at Indian edtech firm – Times of India

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[ad_1] BENGALURU: Fresh troubles at Indian edtech startup Byju’s this week have escalated concerns among employees who were already uncertain about their future after several rounds of job-cuts, more than a dozen current and former staff told Reuters.Auditor Deloitte and three prominent board members severed ties with the Bengaluru-headquartered firm on Thursday, raising further questions … Read more

Deloitte Resigns as BYJU’S Auditor, Edtech Firm Ropes in BDO for Audit – News18

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[ad_1] Audit firm Deloitte has resigned as auditors of Byju’s citing a delay in submission of financial statements while almost simultaneously three of the edtech firm’s board members have quit in what is being seen as a deepening crisis at the decacorn. Deloitte Haskins & Sells, which was slated to audit Byju’s until 2025, stepped … Read more

Latest Layoffs: Byju’s Starts Sacking Employees Across Depts Amid Tension With Lenders – News18

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[ad_1] Layoffs: Byju’s employees have been asked to submit employee IDs, and their email IDs have been deactivated. The number of layoffs at Byju’s is likely to be above 1,000 employees, mostly senior staff who have spent over 2 years Amid reports of Byju’s term loan B issue, edtech giant Byju’s has started laying off … Read more

‘Meritless’: Byju’s term loan lenders respond to lawsuit filed by startup – Times of India

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[ad_1] NEW DELHI: Responding to the recent lawsuit filed by troubled edtech startup Byju’s in the New York Supreme Court, a group of ad hoc term loan lenders, who collectively own more than 85% of the firm’s $1.2 billion term loan on Thursday said that the lawsuit is ‘meritless’ and simply an effort to avoid … Read more

Byjus: Byju’s moves NY SC against quick loan repayment – Times of India

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[ad_1] NEW DELHI: Byju’s on Tuesday said that it has filed a suit in the New York Supreme Court to challenge acceleration of $1. 2-billion term loan B(TLB) repayment.The development comes aday after a deadline for Byju’s to make a $40-million quarterly interest payment on its $1. 2-billion loan lapsed. The edtech major said it … Read more

Byjus Alpha: Byju’s Alpha accused of hiding $500 million from lenders – Times of India

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[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

Byju’s Raids Key Points: What’s The Issue? What ED Searches Reveal, What Company Says

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[ad_1] A total of three premises, two business and one residential, of Byju’s CEO Raveendran Byju and his company were raided by ED recently. The ED’s recent searches on Byju’s have led to the seizure of various ‘incriminating’ documents and data, according to the agency Edtech giant Byju’s, which has had sponsorships with BCCI and … Read more

‘Business As Usual,’ Says Byju’s On ED’s Searches & Seizures At Its Offices, Residence

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[ad_1] The ED has conducted searches and seizures at the Bengaluru-located office and residential premises of edtech major Byju’s CEO Raveendran Byju as part of a foreign exchange violation probe. (File Photo) A total of three premises, two business and one residential, related to Byju’s were raided by ED under FEMA; Byju’s says it is … Read more