Byju’s net worth is zero, confesses founder Byju Raveendran
Raveendran stated that the company’s subsidiaries, including Aakash, continue to generate over ₹5,000 crore in revenue, driven by student sign-ups.
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October 2024
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Byju's has auditor troubles yet again
MSKA & Associates resigns as statutory auditors & flags off suspected fraud to MCA in a letter while Byju's founders allege auditors' misconduct.
NCLT admits BCCI's plea seeking insolvency proceedings against Byju's
BCCI filed an appeal with the tribunal after Byju’s allegedly defaulted on a payment of ₹158 crore under their sponsorship contract for the Indian cricket team.
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.
Foreign creditors move U.S. bankruptcy court against 3 entities linked to BYJU’s
The bankruptcy plea filed for allegedly siphoning off funds from three units linked to Alpha, BYJU's U.S. subsidiary
Rajnish Kumar, Mohandas Pai exit BYJU’s Advisory Council
Think & Learn says the two have "mutually" decided not to renew the contractual agreement. They had joined BYJU’s Advisory Council in July 2023
Corporate Governance: Wake-up Call For Start-ups?
The start-up ecosystem must prioritise corporate governance and financial management to maintain investor trust and sustain growth.
BYJU’S says scrutiniser report clears $200 mn rights issue; awaits NCLT nod
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 India CEO Arjun Mohan exits; Raveendran to lead daily operations
BYJU'S also initiates consolidation of its businesses into three focused divisions - The Learning App, online classes & tuition centres, and test-prep
BYJU's breaks salary delay; pays up after 2 months’ hold
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
