![Prosus writes off Byju's stake, cites growth in PayU and Swiggy](https://images.assettype.com/fortuneindia%2F2022-08%2F94ba9cc8-f58c-4cd7-a347-13e30630f024%2FByjus.jpg?rect=0,167,4864,2432&w=300&q=95)
Prosus writes off Byju's stake, cites growth in PayU and Swiggy
Some popular Indian brands in which Prosus has invested include BYJU'S, DeHaat, Good Glamm Group, Meesho, PayU India, Pharmeasy, and Swiggy.
Some popular Indian brands in which Prosus has invested include BYJU'S, DeHaat, Good Glamm Group, Meesho, PayU India, Pharmeasy, and Swiggy.
The bankruptcy plea filed for allegedly siphoning off funds from three units linked to Alpha, BYJU's U.S. subsidiary
Think & Learn says the two have "mutually" decided not to renew the contractual agreement. They had joined BYJU’s Advisory Council in July 2023
The start-up ecosystem must prioritise corporate governance and financial management to maintain investor trust and sustain growth.
Notwithstanding approval from shareholders, the tribunal court’s earlier order had asked BYJU’s not to use funds; next hearing on April 23
BYJU'S also initiates consolidation of its businesses into three focused divisions - The Learning App, online classes & tuition centres, and test-prep
Despite its efforts, BYJU's has not yet received approval to access the funds from the rights issue, attributing the delay to actions taken by four of its investors
Crisis-hit BYJU’s ropes in Mehrotra to deliver its “aggressive growth plan”
Once the poster boy of the Indian startup scene, Raveendran has been caught up in controversies over foreign funding, fund crunch, layoffs and legal tangles with investors
BYJU’s terms layoff exercise as "business restructuring", which is being done to reduce cost base and simplify operating structures