Saturday, June 03, 2023
Outlook India
Outlook Business

Byju Raveendran

The start-up led by Byju Raveendran proposed a 200-300 basis point hike in interest rates as a pre-condition of restructuring the loan

Byju’s Alpha is facing a lawsuit in Delaware court about the company's control, after lenders claimed that it had defaulted on its payments

With growing number of corporate governance issues, Basu explains the need to differentiate between intentional fraud and misgovernance arising out of mistakes

Byju's has appointed a new chief financial officer as the company negotiates the conditions for its $1.2 billion term loan B and prepares to file its FY22 financials

The company had last raised $250 million from existing investors and Qatar Investment Authority

The Byju Raveendran-led company acquired the three-decade-old education centre Aakash Educational Service in 2021 by spending $950 million

Prior to this, Harappa, another upGrad-owned edtech company laid off 60 employees at the beginning of the year

The Bengaluru-based start-up bagged $250 million in a funding round from its existing investors

Last year, Byju’s announced its plan to rationalise five per cent of its 50,000-strong employee money to keep the business on the profitability track

Last year, the company launched 300 physical centres and planned a $210 million investment