Tag: Byju’s

Board members of the leading Indian education tech startup Byju group- GV Ravishankar of Peak XV ...

Deloitte and three members of Byju's board have recently decided to sever ties with the prominent ...

Deloitte Haskins & Sells, one of the prominent audit firms, recently made headlines as it officially ...

In an unexpected turn of events, three board members as well as the international auditing company ...

One of the world‘s most valued educational tech startup – BYJU’S – has started layoffs of ...

The well-known Indian education technology company Byju's has decided not to make the interest payment due ...

By launching a lawsuit against investment management company Redwood and term loan B lenders in the ...

Byju's, an esteemed startup in India, is currently facing a significant setback following the withdrawal of creditors from discussions to restructure a loan amounting to $1.2 billion. Sources familiar with the matter reveal that these talks came to an end due to the creditors filing a lawsuit alleging that the company concealed $500 million in raised funds. To protect their anonymity, these individuals have requested to remain unnamed since the information discussed is private.   Byju Raveendran, founder and chief executive officer As a result of the terminated discussions, lenders now possess the ability to sell Byju's term loan B securities since the limitations imposed during the negotiations have been lifted. Byju's has a deadline until June 5 to fulfill its obligation of paying the interest on the loan. Notably, during a court hearing in the US last month, an attorney representing the organization expressed confidence that the company would soon receive a substantial capital infusion, which would enable it to repay the loan. These statements contradict the allegations of fund concealment raised by the creditors. Steep losses and cost reduction targets ...

BlackRock, the world's largest asset management company, has once again lowered the fair value of Byju's, ...

Indian edtech firm Byju's is reportedly set to close a new equity funding round in April, ...