India Business News: MUMBAI: Troubled edtech startup Byju's has launched a rights issue to raise $200 million from existing investors at a valuation of $225-230 million, a.
Two petitions have been filed before the NCLT, one is by US-based creditors and another is by an Indian unit of a French multinational company. Both petitions are yet to be filed
India Business News: Foreign lenders have filed an insolvency plea against Byju's due to the firm's failure to honor its obligations under the term loan. Stay updated with the latest news on Byju's and its corporate insolvency resolution proceedings.
India Business News: Byju’s FY22 results: Byju’s parent company, Think & Learn, has submitted its audited financials for the fiscal year 2022 to the registrar of companies (RoC). The operating revenue for FY22 was reported at Rs 5,014 crore, with losses reaching Rs 8,245 crore. Byju’s total revenue, according to regulatory filings, was nearly Rs 5,300 crore. The operating revenue of Byju’s witnessed a growth of 119% in FY22, while losses saw an increase of 80% during the same period, according to an ET report.