#byjus

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investors
TechCrunch
1 month ago
Startup companies

Byju's founder floats share offer to make peace with estranged investors | TechCrunch

Byju's founder attempting to prevent dilution of investors' holdings by offering renounced shares.
Board considering offer to claim renounced shares to appease disgruntled investors and avoid dilution. [ more ]
TechCrunch
2 months ago
Startup companies

Byju's investors unanimously vote to remove founder | TechCrunch

Investors voted to remove Byju Raveendran from Byju's leadership citing governance issues and passed resolutions for board reconstitution.
Prosus Ventures and Peak XV Partners led the initiative to remove Byju Raveendran and filed oppression and management suit against Byju's leadership. [ more ]
TechCrunch
3 months ago
Startup companies

Byju's says investors don't have voting right to remove founder from edtech group | TechCrunch

Byju's and its investors are publicly feuding over leadership changes at the edtech group.
Byju's is continuing its deliberation to raise $200 million in a rights issue and has received encouraging responses from multiple investors. [ more ]
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edtech
TechCrunch
3 months ago
Startup companies

Byju's seeks to raise $200 million in rights issue | TechCrunch

Byju's launched a rights issue to raise $200 million to address its working capital issues.
The startup is resetting its valuation in the rights issue, giving existing investors an opportunity to participate. [ more ]
TechCrunch
3 months ago
Startup companies

Byju's seeks new funding at less than $2 billion valuation, a 90% drop | TechCrunch

Byju's is willing to cut its valuation to below $2 billion as it seeks new funding.
Byju's CEO Byju Raveendran has agreed to step down in the interest of improved governance after the new funding. [ more ]
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