Page 7 - Byju's

Centre pulls up edtech firms for mis-selling courses, IEC responds

Self-regulatory organisation India Edtech Consortium (IEC) on Saturday said it is committed to protecting consumer interest and has resolved 100 per cent complaints received till June

Ronnie Screwvala-led upGrad eyeing acquisitions in the US, Southeast Asia

As part of the acquisition strategy, upGrad Rekrut, a 100 per cent subsidiary of upGrad, has acquired Wolves India, a recruitment and staffing firm, for an undisclosed amount

Byju's struggles to close $800-mn funding as investors balk amid tech rout

Investors including Sumeru Ventures and little-known firm Oxshott haven't transferred about $250 million of the targeted amount because of 'macroeconomic reasons'

Top headlines: SC sentences Mallya to 4 months in jail; rupee hits new low

The Supreme Court (SC) on Monday slapped a fine of Rs 2000 ($25) and a four-month jail sentence on fugitive businessman Vijay Mallya

Byju's strengthens senior leadership in tech-first approach to growth

Early this year, Byju's had announced the appointment of Mani Bansal and Maneesh Agrawal to lead key tech functions in an effort towards strengthening its tech vertical

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

Top headlines: Fundraising on track, says Byju's; Shinde wins trust vote

Business Standard brings you top news of the evening

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

Byju's lays off 500 employees as part of cost-cutting drive: Report

The latest development at Byju's comes as the Indian edtech market is shrinking with reopening of schools, colleges and physical tuition centres

Byju's lays off 500 and may drop more people in latest edtech crisis

Recently, over 800 employees of WhiteHat Jr, resigned after being asked to work from office

Byju's offers to buy US-listed edtech firm 2U for over $1 billion

Byju's made the offer of about $15 a share to 2U's board last week, said the person, who asked not to be named as the bid isn't yet public

Byju's group firm Toppr lays off 1,100 employees in a day to cut costs

Toppr's sacked employees said that they got a call from the company on Monday and were asked to resign, failing which they will be terminated without any notice period.

BYJU's-owned WhiteHat Jr lays off 300 employees in latest round of job cuts

Online coding provider WhiteHat Jr, the beleaguered platform under edtech giant BYJU's umbrella, has laid off around 300 employees, after more than 1,000 of its employees resigned

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

Edtech company Byju's pushes back payments for $1 billion acquisition

Blackstone, which owned 38 per cent of Aakash, opted to defer payments due until this year, one of the people said

Edtech firms build brick-and-mortar centres across India to woo students

Several are adopting a hybrid model of offline and online education to stay afloat, as students head back at school and colleges post pandemic

BYJU's rejigs global team as part of expansion plan as edtech space shrinks

Edtech major BYJU's on Tuesday named Krishna Vedati as President of Global Growth and Strategic Initiatives, along with rejigging top leadership at K-12 creative coding platform Tynker

Byju's-owned Aakash eyes 60-70% growth in FY23; new centre, hiring on cards

Test preparation major Aakash Educational Services (AESL), owned by Byju's, is confident of growing at 60-70 per cent this year, with its business momentum driven by market demand

Consumer affairs ministry to set up panel for FAQ on cryptocurrencies

Calls meeting to discuss complaints against edutech firms

Consumer Affairs Ministry to hold meeting with edtech firms amid complaints

Consumer Affairs Secretary Rohit Kumar Singh said: "We are aware of this. I have called a meeting of edutech companies next week or so".