Byju's, once the shining star of India's edtech sector, faces a fresh wave of challenges as its controversial rights issue hits a roadblock and a US court delves deeper into the alleged disappearance of millions from a bankrupt subsidiary.
On...
The global tech industry continues to grapple with workforce reductions, extending the challenges faced in 2023 into 2024. Prominent players such as Amazon, Apple, Dell, Byju’s, Expedia, and Cisco have executed significant layoffs across departments. Data from Layoffs.fyi reveals...
Byju's, already grappling with financial challenges, now faces an additional obstacle as its founder, Byju Raveendran, comes under suspicion of contemplating an exit from India. Citing sources, the Economic Times reported that the Enforcement Directorate (ED) has prompted the...
Byju's has been grappling with a financial storm for quite some time, prompting it to take significant measures to weather the challenges. In the latest move, the edtech firm has downsized its office space in Bengaluru as part of...
Byju's, the Indian edtech startup that reached a valuation of $22 billion during its fundraising in March 2022, has experienced a significant downturn in its valuation. BlackRock, the world's largest asset manager and one of the early investors in...
Byju's, India's once biggest ed-tech company, is on the verge of collapse. The company is currently grappling with a severe liquidity crisis, prompting a series of organizational shake-ups in recent months. This unfolding crisis extends far beyond the boardrooms,...
Byju’s, India's once most valued edtech startup in the world, appears to be nearing its end as it grapples with a severe cash crunch. To navigate these troubled waters, the edtech giant is leaving no stone unturned, exploring unconventional...
The troubles for Byju's seem far from over! Byju's, once hailed as the most promising startup in India's edtech space, has constantly been in controversies surrounded by financial frauds, mounting losses, outstanding debt obligations, misleading advertisements and various other...
Byju's, once the world's highest-valued Edtech startup, is currently grappling with several challenges that have not just raised concerns among employees and stakeholders alike. With the recent news of delayed joining dates for new employees, layoffs, valuation cuts, and...
The edtech industry, once a beacon of opportunity, is facing a challenging time as Byju's, India's largest edtech company, grapples with layoffs and financial troubles. In the past six months alone, the edtech company has let go of nearly...
