Byju's founder says his edtech startup, once worth $22B, is now 'worth zero' | TechCrunchByju's founder acknowledges mistakes leading to the company's drastic decline in value.
Second Byju's auditor exits in a year as financial turmoil deepens | TechCrunchByju's faces intensified financial and governance scrutiny as BDO resigns, marking the second auditor resignation in a year, raising fraud concerns.
TPG nears $150M funding in India's Eruditus at $2.3B valuation | TechCrunchEruditus may secure $150 million funding, marking a significant investment in Indian edtech sector post-pandemic.
Byju's says investors don't have voting right to remove founder from edtech group | TechCrunchByju'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.
Byju's seeks to raise $200 million in rights issue | TechCrunchByju'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.
Byju's seeks new funding at less than $2 billion valuation, a 90% drop | TechCrunchByju'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.
Byju's founder says his edtech startup, once worth $22B, is now 'worth zero' | TechCrunchByju's founder acknowledges mistakes leading to the company's drastic decline in value.
Second Byju's auditor exits in a year as financial turmoil deepens | TechCrunchByju's faces intensified financial and governance scrutiny as BDO resigns, marking the second auditor resignation in a year, raising fraud concerns.
TPG nears $150M funding in India's Eruditus at $2.3B valuation | TechCrunchEruditus may secure $150 million funding, marking a significant investment in Indian edtech sector post-pandemic.
Byju's says investors don't have voting right to remove founder from edtech group | TechCrunchByju'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.
Byju's seeks to raise $200 million in rights issue | TechCrunchByju'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.
Byju's seeks new funding at less than $2 billion valuation, a 90% drop | TechCrunchByju'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.
Byju's founder floats share offer to make peace with estranged investors | TechCrunchByju'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.
Byju's investors unanimously vote to remove founder | TechCrunchInvestors 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.
Byju's founder floats share offer to make peace with estranged investors | TechCrunchByju'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.
Byju's investors unanimously vote to remove founder | TechCrunchInvestors 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.
HSBC believes that $22 billion Byju's is now worth zero | TechCrunchByju's, once valued at $22 billion, now estimated at zero, highlighting a dramatic decline in worth due to governance and financial issues.
Prosus zeroes out 9.6% Byju's stake | TechCrunchProsus writes off its stake in Byju's, indicating loss of confidence in the startup.