Is Byju on the Verge of Total Shutdown of Its Services? See What CEO Raveendran Has to Say

20 Jul 2024

Insolvency proceedings against ed-tech company Byju's will likely force thousands of employees to quit and result in a total shutdown of its services, according to its CEO, Byju Raveendran. Byju's, once valued at $22 billion and backed by prominent investors such as Prosus and General Atlantic, has faced a series...

Byju Enters Insolvency, Will Employees Get Their Dues Back?

17 Jul 2024

The parent Edtech company of Byju's, Think and Learn Pvt Ltd has now been designated into insolvency category by National Company Law Tribunal (NCLT) by July 16. This happened, due to the plea submitted by Board of Control for Cricket in India (BCCI), after company was not able to clear...

Founder Of Byju’s net worth was $2.1 billion a year ago, now it has dropped to…

04 Apr 2024

Byju Raveendran, a prominent figure in India's startup ecosystem, experienced a dramatic reversal in fortunes over the past year. Once touted as one of the wealthiest individuals with a net worth of ₹17,545 crore ($2.1 billion), he graced numerous esteemed lists of the globe's richest people. However, the recent release...

ED raids BYJU’s CEO Raveendran Byju, skipped several FEMA summons

29 Apr 2023

In connection with an investigation into possible foreign currency violations, the Enforcement Directorate announced on Saturday that it had raided the Bengaluru-based office and residence of Edtech firm BYJU and its CEO and co-founder, Raveendran Byju, as well as confiscated "incriminating" documents and digital material. Under the terms of the...