Corporate Governance: Wake-up Call For Start-ups?
The start-up ecosystem must prioritise corporate governance and financial management to maintain investor trust and sustain growth.
The start-up ecosystem must prioritise corporate governance and financial management to maintain investor trust and sustain growth.
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 also initiates consolidation of its businesses into three focused divisions - The Learning App, online classes & tuition centres, and test-prep
Despite its efforts, BYJU's has not yet received approval to access the funds from the rights issue, attributing the delay to actions taken by four of its investors
Crisis-hit BYJU’s ropes in Mehrotra to deliver its “aggressive growth plan”
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
BYJU’s terms layoff exercise as "business restructuring", which is being done to reduce cost base and simplify operating structures
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
The trust gap for Indian companies is a negative 55, while it is negative 58 for Chinese companies.
According to reports, several attendees also received an unidentified notification stating that the EGM had been cancelled.