The child rights organisation has already summoned Byju Raveendran on December 23 over alleged malpractice of hard selling and misspelling of its courses to the students, based on a news report.
The layoffs announced by the global tech giants were on the cards, but the way the developments are unfolding an erosion of brand value at least in the short-term is imminent.
The development comes a week after Byju’s employees met labour minister of Kerala V Sivankutty, urging him to intervene over the alleged mass termination of as many as 140 employees at Technopark.
Byju's standalone income, which comprises its K-12 business, stood at ₹1,551.64 crore in FY21, while it reported a massive jump in expenditure at ₹4,253.78 cr.
Ed-tech major Byju's says it has adopted a "three-pronged" approach to achieve its plan of group-level profitability by March 2023.
The poster boy of the startup space is no longer the Bansals, but Byju Raveendran of ed-tech major Byju's
A new generation of techpreneurs is building new-age solutions and creating companies valued at well over a billion dollars, helped by massive investor funding.
Karti Chidambaram raises concerns over three instances related to Byju’s, including two funding rounds and a delay in furnishing financial statements for FY21
Payments to Aakash are closed and the audited financial results are going to be announced in the next 10 days, says ed-tech major BYJU’s
Byju's says it has integrated Toppr and absorbed 80% of workforce; it’s now optimising teams to recalibrate business priorities
