Byju’s Founder Opens About Edtech Startup Value Now ‘Worth Zero’
The founder of Byju’s, the troubled edtech company, Byju Raveendran, admitted on Thursday afternoon that he erred, misjudged the market, overstated his potential for growth,...
Tag : BYJU’s
Byju’s Downfall from Startup Star to Insolvency Filing
On 16th July, Byju’s, an Indian edtech company, faced insolvency proceedings following a tribunal’s order. The crisis has caused Byju’s valuation to drop from around...
Vedanta Shares Rally After It Reappointed Former CFO Ajay Goel
Vedanta Ltd shares surged up to 2.25% on Wednesday after the largest natural resources company in the country announced that it would appoint Ajay Goel...
Byju’s Vacates its Biggest Office Space in Bengaluru
India’s most valued edtech company Byju’s, has vacated its largest office space in Bengaluru to cut costs and shore up liquidity amid a delay in...
Center Orders Probe into Byju’s Account Books
The Indian government has ordered an inspection into the account books of edtech startup Byju’s account books. The Ministry of Corporate Affairs has sought a...
Byju’s Faces $40 Million Payment Deadline on a $1.2 Billion Loan
India’s most valuable startup, Byju’s, is expected to pay a quarterly interest payment of nearly $40 million on a $1.2 billion loan by the instalment...
Prosus Values its 9.67% Stake in Byju’s at $578 Million
Netherlands-based tech investor Prosus recorded a fair value of its 9.67% stake in Byju’s at $578 million at the end of the September quarter, as...
PhonePe Raises General Atlantic at $12 Billion Valuation
Payments and financial services unicorn PhonePe is in talks for a new funding round led by General Atlantic at a valuation of more than $12...
Byju’s Pays Blackstone Inc $234 Million to Acquire Aakash
On Friday, media reports said India’s Byju’s had paid Blackstone Inc Rs 19 billion ($234 million) as part of its $950 million takeover of Aakash...
Byju’s Becomes World’s Most Expensive Edtech Company After FY21 Revenue Drop
Think & Learn Pvt Ltd, the world’s most highly valued edtech company, which operates the education platform Byju’s, is also the most expensive edtech company...