Byjus

BCCI claim BYJU's defaulted on Rs 158 crore payment, NCLT issues notice

A two-member Bengaluru-based bench of the NCLT issued a notice to Think & Learn earlier this month on 28 November

Cash Crunch: Byju’s founder mortgages home in last-ditch move to pay salaries to staff

Two houses owned by the former billionaire’s family in Bengaluru and his under-construction villa in Epsilon -- a plush gated community in the city -- were offered as collateral assets to borrow $12 million

Dream11 replaces Byju's as Team India sponsor, signs three year deal

Dream11 has officially replaced Byju's as Team India lead sponsor starting with the Test series against West Indies.

Tech Layoffs in India: EdTech giant Byju’s is set to cut over 1000 more jobs amid financial struggles

EdTech giant Byju's is cutting about 1000 more jobs this week and has already started laying people off. Byju's is apparently trying to restructure their costs and is therefore laying off some of its senior employees who have been with them the longest

ED searches Byju’s premises: How the ed-tech firm has remained in the eye of the storm

The ED conducted searches on Byju’s premises in Bengaluru in connection with alleged foreign exchange violations on Saturday. But, this is not the first time that the ed-tech firm has come under the government scanner

ED searches residence, office of BYJU's CEO Raveendran over alleged foreign funding laws violation

The ED said in a statement that it had found "incriminating" documents and digital data as part of a Foreign Exchange Management Act (FEMA) probe

Byju's seeks to terminate jersey sponsorship deal with BCCI; kit sponsor MPL also wants to exit

In June, Byju’s had extended its jersey sponsorship agreement with the Board until November 2023 for an estimated $35 million. Byju’s now wants to terminate its agreement with the BCCI, who have asked the company to continue at least until March 2023.

NCPCR summons Byju’s CEO for allegedly threatening parents to buy courses, details here

Some parents tried to grab the attention of Byju’s higher authority regarding the malpractice. However, the officials did not put their ears to it, as stated by the child rights panel

YouTube set to enter the Indian EdTech space with a new service, to take on Byju’s, Unacademy

In a move that may shake up the Indian EdTech sector for good, YouTube is set to start its own educational service called Courses, and take on companies like Byju’s and Unacademy.

Vedantu fires 385 employees in third round of layoffs this year; all you need to know

In the third and most recent round of layoffs, 385 people from sectors like sales, human resources and learning content verticals were laid off, bringing the total workforce, including contractual employees down from 5,600 to 3,300