Page 2 - Latest Updates on Byju Raveendran
Byju's takes Rs 300 crore unsecured loan from Aakash at a rate of 7.5%
Aakash Educational Services was acquired by Think and Learn Pvt, Byju's parent company, in April 2021 for a cash and stock deal worth $950 million
 "Byju's takes Rs 300 crore unsecured loan from Aakash at a rate of 7.5%")
Byju's employees meet Kerala minister after 170 staff are 'asked to resign'
Byju's booked a loss of Rs 4,588 crore for the financial year ended March 31, 2021, 19 times more than the preceding year, according to its latest financial report
Byju's raises $250 mn from existing investors, valuation remains at $22 bn
Regardless of the adverse macroeconomic conditions, Byju's founder Byju Raveendran said 2022-23 is set to be the best year in terms of revenue, growth and profitability
 "Byju's raises $250 mn from existing investors, valuation remains at $22 bn")
Lawmaker Karti P Chidambaram asks ICAI to investigate Byju's finances
Says nearly 81% of Byju's operating revenue for FY2021 constitutes sale of products like tablets, SD cards and laptops, which is a blatant misrepresentation of facts to classify hardware as edutech
 "Lawmaker Karti P Chidambaram asks ICAI to investigate Byju's finances")
Will hire 10,000 teachers in next 6 months, says Byju's co-founder
The hiring strategy is going to play a key role in the company's optimisation plan as it looks to target profitability by March 2023
 "Will hire 10,000 teachers in next 6 months, says Byju's co-founder")
Ed-tech firm FrontRow lays off 75% of staff, day after Byju's move
Second round of sacking to save costs reduces FrontRow's headcount to 45 people
 "Ed-tech firm FrontRow lays off 75% of staff, day after Byju's move")
Byju's to lay off 2,500 staffers, targets profitability by March
The company is also realigning marketing spending to enhance its global footprint
This is why Byju Raveendran's last 6 months were 'toughest', reveals wife
BYJU's Co-founder Divya Gokulnath revealed that last 6 months were super tough for her husband not only on professional front, but also in personal life as his father was fighting late-stage cancer
 "This is why Byju Raveendran's last 6 months were 'toughest', reveals wife")
Edtech major Byju's Rs 1,500-cr payment to Blackstone by September-end
The most-valued edtech start-up made headlines earlier this month after its FY21 numbers received an unqualified report from the company's auditor, Deloitte Haskins & Sells
Top Headlines: Byju's focus on profit; YES Bank sells stressed loans
After reporting a loss of Rs 4,588 crore in 2021 fiscal, Byju Raveendran, the founder and CEO of the world's most valuable edtech firm Byju's, has told employees
 "Top Headlines: Byju's focus on profit; YES Bank sells stressed loans")
Byju's focusing on profitable growth, $2 bn revenue in sight: CEO to staff
Byju's, which is valued at $22 billion, said last week it had earned Rs 2,428 crore in revenues in FY21 and incurred a loss of Rs 4,588 crore
 "Byju's focusing on profitable growth, $2 bn revenue in sight: CEO to staff")
TMS Ep261: BYJU's revenue, D2C brands, consumer financiers, Project Cheetah
Did BYJU's bite off more than it can chew? What explains the great Indian brand rush? Is it the right time to invest in consumer financiers? What is Project Cheetah? Answers here
 "TMS Ep261: BYJU's revenue, D2C brands, consumer financiers, Project Cheetah")
Did Byju's bite off more than it could chew?
Education technology company Byju's FY21 revenues came in flat, and its losses have widened about 20 times. While it may survive this crisis, questions still remain around the future of the unicorn
 "Did Byju's bite off more than it could chew?")
Deloitte sought two key changes to Byju's FY21 financials: Report
In the results, declared on Wednesday after a delay of over 18 months, Byju's recorded a revenue of Rs 2,280 crore. The loss for FY21 stood at Rs 4,500 crore
We are being penalised far more than we should have been: Byju Raveendran
In growing fast, we would have overlooked a few things and that's why we are being penalised a lot more than we should have been
 "We are being penalised far more than we should have been: Byju Raveendran")
With a loss of Rs 4,588 crore, Byju's FY21 report card has many red marks
Raising hopes for the subsequent year, 2021-22, the company disclosed unaudited results that show nearly Rs 10,000 crore in gross revenues
Byju's audited revenue expected to be lower than projected numbers
Byju Raveendran, co-founder and the CEO of the unicorn, has briefed the shareholders and the board members about the difference
Fund-raising drive on track, majority of the $800 mn received, says Byju's
The firm said its payments to education firm Aakash for a $1-billion deal struck last year have concluded and the audited financial results will be out in 10 days
Byju's clears $950-mn payment to Aakash, completes $800-mn fund raise
Byju's founder and CEO Byju Raveendran has made a personal investment of $400 mn of the total $800 mn raised in the latest funding round by the edtech company
Krishna Vedati named as Byju's president for global growth and strategy
He will report to co-founder and CEO Byju Raveendran and join the company's executive committee
