Advertisements Byju’s India appointed Arjun Mohan as the new CEO of the company. The development arrived at a time when the company’s former CEO Mrinal Mohit has stepped down from the position of CEO. Although, Mohit’s new roles has not… Read More ›
Byju’s
Byju’s To Sell Epic, Great Learning To Raise Over $800 Mn: Report
Advertisements According to media reports, Byju’s is selling its assets Epic and Great Learning in order to raise USD 800 million to USD 1 billion in cash. This will help them meet their commitment to clear a USD 1.2 billion… Read More ›
Byju’s Delays Final Settlement Of Former Employees To November
Advertisements Edtech major Byju’s has deferred the final settlement of laid-off employees from September to November. The development comes amidst the recent US lawsuit, alleging it of hiding USD 538 million. The company laid off nearly 1,000 employees across various… Read More ›
Lenders Claim Byju’s Hid $553mn: Report
Advertisements According to a media report, Indian edtech major Byju’s had dubiously transferred USD 553 million dollars to the fund of Miami-based Pancake house. The reports have come at a precarious stage when Byju’s is in loggerheads with its lenders…. Read More ›
US-based Baron Capital Cuts Byju’s Valuation, Marks Up Swiggy, Pine Labs
Advertisements Baron Capital Group, a US-based asset management company, has slashed the valuation of Indian edtech unicorn Byju’s by nearly half to USD 11.7 billion. This is a significant drop from its valuation of USD 21.2 billion at the end… Read More ›
Byju’s CBO, Two Other Senior Exec Resign Amid Ongoing Challenges
Advertisements Edtech company Byju’s has experienced the departure of three senior executives. The latest to leave are Pratyusha Agarwal, Chief Business Officer; Himanshu Bajaj, Business Head of Tuition Centre; and Mukut Deepak, Business Head of Classes 4-10 Online and Home… Read More ›
Byju’s Lays Off 100 Employees Citing Performance Review: Report
Advertisements Byju’s, the Indian edtech giant, has laid off about 100 employees as part of a performance review process. The company has also let go of more than 400 employees in the mentoring and product expert areas. Byju’s has said… Read More ›
Byju’s Appoints Former Infosys HR Head As Advisor For HR Practises
Advertisements Former Infosys HR head Richard Lobo has been appointed by Byju’s in a significant move to enhance the edtech firm’s HR function. Lobo, who brings over 23 years of experience from Infosys, will serve as an exclusive advisor to… Read More ›
Peak XV Informs Its LPs To Reduce Byju’s Valuation Over Delayed Audited Financials
Advertisements In June, investment firms Peak XV Partners and Prosus announced their resignation from Byju’s board of directors due to a lack of internal controls at the company, indicating increasing gap between Byju’s and its significant owners. Peak XV (previously… Read More ›