Page 5 - Byju's

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

Top Headlines: Byju's to lay off 2,500 staffers, broken rice exports & more

India will allow overseas broken rice shipments of 397,267 tonnes backed by letters of credit (LCs) issued before September 8

Byju's to lay off 2,500 staffers, targets profitability by March

The company is also realigning marketing spending to enhance its global footprint

Byju's aims for profitability by March 2023, to fire 2,500 employees

Edtech major Byju's has chalked out a plan to become profitable by March 2023 to optimise its marketing and operational cost, which will lead to retrenchment of 5 per cent employees or about 2,500 people in next six months. Byju's co-founder Divya Gokulnath told PTI that the company will start focussing on building brand awareness overseas through new partnerships and hire 10,000 teachers for India and overseas business. "We have designed a path to profitability which we plan to achieve by March 2023. We have built significant brand awareness throughout India and there is scope to optimise marketing budget and prioritise the spends in a way that it creates a global footprint. Second is operational cost and the third is integration of multiple business units," Gokulnath said. She said that the K10 subsidiaries -- Meritnation, TutorVista, Scholar and HashLearn -- will now be consolidated as one business unit under India business. Aakash and Great Learning will continue to function as

How Discovery School Super League is bridging the gap between the classroom and online learning

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Byju's says incorrect Indian map is not part of its study material

Edtech major Byju's on Sunday said an incorrect map of India that is circulating on the internet has been wrongly attributed to the company and it will approach the authorities for further investigation and action. The map, which has been attributed to Byju's, shows a few parts of Kashmir as "Azad Kashmir" and "Aksai Chin", sparking outrage on social media against the edtech firm. A Byju's spokesperson said the image in circulation is fake and not from its material. "All our content is watermarked and additionally our logo usage is incorrect, we never use an underline below the logo. We strongly condemn the incorrect map of India that is being distributed maliciously with our incorrect logo placed on it," the spokesperson said. The image has been attributed to student notes and also to an exam paper of Byju's, which has been denied by the company. "This is not part of any material that we have distributed. Our curriculum and all material created are strictly aligned to multiple ..

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

Top headlines: Byju's pays $234 mn to Blackstone, India's 5G and more

From edtech sector to US economy, here are the top headlines this evening

Byju's pays $234 mn to Blackstone Inc related to Aakash deal: Report

India's Byju's has paid 19 billion rupees ($234 million) to Blackstone Inc, settling its dues owed to the private-equity firm as part of a $950 million deal to buy Aakash Educational

Future of learning: Edtech start-ups' hybrid tilt to lure students

With the offline lure of greater teacher-student connect many such start-ups have forayed into brick-and-mortar centres to compete with existing offline institutions

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

Byju's focusing on profitable growth, $2 bn revenue in sight: CEO to staff

Asserts that FY22, the year in which the edtech firm incurred a Rs 4,588 cr loss, was the company's best so far and that 2022-23 is set to be even stronger

Top headlines: KKR to invest in Hero's RE arm; CEA pegs FY23 growth at 7%

SpiceJet has sent approximately 80 pilots on leave without pay for three months in order to rationalise its costs.

BYJU's is a blockbuster like 'Brahmastra': Co-founder Divya Gokulnath

Gokulnath says media reports on FY21 financials were misleading

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

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

BYJU'S has to pay Rs 2,000 cr to clear Aakash acquisition deal on Sep 23

Edtech major BYJU's is set to pay the remaining amount of nearly Rs 2,000 crore to VC firm Blackstone in the $1 billion acquisition of Aakash Educational Services on September 23

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

With a loss of Rs 4,588 crore, Byju's FY21 report card has many red marks

The FY21 revenue figure of Rs 2,428 cr is similar to the revenue figure of Rs 2,434 cr in the previous year, though the difference is that the bottom line in 2019-20 showed a profit of Rs 51 cr