Byju's EGM: Investors face multiple disruptions amid delay in verification of attendees
According to reports, several attendees also received an unidentified notification stating that the EGM had been cancelled.
According to reports, several attendees also received an unidentified notification stating that the EGM had been cancelled.
"If you don't learn from those who came before you, you will make mistakes and I think, Byju's is that mistake," says Rajeev Chandrasekhar.
Current October-December quarter tracks 100% YoY growth & a break-even quarter
Prosus holds 9.6% stake in Byju's parent Think & Learn Pvt Ltd.
A strong content bank and personalisation in learning should form the basis of technology in education and the effort involves more than putting videos on a cloud
The restructuring will have an impact on 3,000-3,500 jobs, Fortune India has learnt.
The Bengaluru-headquartered edtech unicorn acquired Aakash Institute in April 2021, for a cash and stock deal worth ₹1,983 crore.
Alpha Inc, a non-operative entity of the company in the US, is currently facing a lawsuit in the Delaware court, on behalf of the lenders, who are owed $1.2 billion.
Byju Raveendran says the startup has received ₹28,000 crore as FDI.
The edtech unicorn will lay off around 380 employees.