Latest Articles in BYJU's
Byju's To Lay Off More Employees, Cites Cost-cutting Efforts
Byju's laid off roughly 1,000 people earlier this year, including many in top strategy, technology, and product responsibilities
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Edtech Platform Byju's Introduces Generative AI Models For Hyper-personalised Learning
Byju's said that its 24x7 hyper-personalised learning experiences are suited to the specific needs of students throughout the world
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Byju's Misses Loan Repayment Deadline, Sues TLB Lenders
The edtech platform claims that the TLB lenders attempted to deprive it of its contractual right to 'disqualify' lenders engaged principally in opportunistic trading in the Delaware proceedings
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Byju's Aakash Education Services To Go Public Next Year
The upcoming IPO will provide a significant capital infusion to bolster Aakash's infrastructure, broaden its reach, and extend high-quality test-prep education to a larger number of students across the nation
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Byju's To Raise $1 Bn Fresh Capital: Report
Byju's raised USD 700 million in a funding round in April at a flat valuation. Existing investors are also taking part in this round, for which due diligence has already been completed
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ED Raids Three Premises Of Byju's Under FEMA
The ED stated in its announcement that the company received Rs 28,000 crore in foreign direct investment between 2011 and 2023. Also, transferred Rs 9754 crore to various foreign jurisdictions
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Byju's Arm Aakash To Raise Fresh Funds, In Talks With Abu Dhabi Fund 10X AD, Apollo Global
Aakash is expected to have clocked USD 430 million revenue in FY23, an up of around USD 180 million from previous year, EBITDA positive. A secondary sale of sales in Aakash will help Raveendran pare his 30 per cent stake in the unit
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BYJU’s Is About To Close $250 Mn Funding Round At Flat Valuation
BYJU’s appears to be unable to meet its March 2023 deadline for achieving group-level profitability, as envisioned in its earnings in October last year and its quarterly results for the current fiscal year are once again delayed
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Edtech Startup Byju's Seeks More Time From Creditors To Repay $1.2 Bn Debt
The edtech startup is scrambling to appease creditors and investors who are already concerned about the startup's mounting losses. The India-based company has offered to raise new equity capital and provide creditors with a so-called quality of earnings report as well as cash verification statements from external auditors
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NCPCR Summons BYJU's CEO Over Unethical Practises
Byju's is facing a slew of complaints on social media platforms and consumer websites, with customers alleging that they were exploited and duped into putting their savings and futures at risk
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