Tuesday, July 16, 2024
Outlook India
Outlook Business

Byju S News

According to ET reports, Blackstone and Prosus NV have written to BYJU’S parent entity Think and Learn, expressing their concerns about the matter.

Code.org alleged that WhiteHat Jr continue use of its coding platform, but as part of a licensing agreement, the remaining fee was not paid

Byju Raveendran emphasised the urgent need for cash infusion, noting that businesses like Aakash and Epic are profitable, while Great Learning is at a break-even stage

As per the sources, Byju Raveendran has recently raised money by mortgaging home and real estate assets owned by family members to pay salaries

Byju’s, currently undergoing significant business restructuring, aims to address financial stability concerns amidst challenges such as the collapse of term loan B and high cash burn

An employee claimed that the full and final settlement of many employees whom he knows has not been settled yet

The appointment is made on behalf of Byju's Alpha's secured creditors as part of the lenders' exercise of their security rights

Cherian Thomas was the first international employee at BYJU'S back in 2017 and was credited with building the international organisation

In the past two years, the company has cut more than 3,000 jobs in separate rounds

As per reports, the edtech's founder is seeking funds to finance his buyback plans