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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April 2024
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.
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
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 unit Aakash Educational appoints Deepak Mehrotra as MD, CEO
Crisis-hit BYJU’s ropes in Mehrotra to deliver its “aggressive growth plan”
Byju Raveendran’s net worth falls from $2.1 bn to zero
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
After March salary delay, layoffs haunt BYJU’s employees
BYJU’s terms layoff exercise as "business restructuring", which is being done to reduce cost base and simplify operating structures
BYJU’s to delay March salaries; blames ‘misguided’ foreign investors
BYJU's says these investors obtained court order that restricted use of funds raised through rights issue; assures employees could receive salaries by April 8
