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Investor funding in edtech drives behaviour which is not good for industry: Byju's Aakash CEO | Business News

Speaking to PTI, Mehrotra also said that digital alone can't meet aspirations of medical and engineering students looking to get into premium institutions, and it is important to address requirement of new learners. ....

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Byju's: Read the full text of Byju Raveendran's letter to employees after EGM by investors

On Friday, a group of investors unanimously voted to oust Raveendran as the CEO of Byju s and revamp the board, which includes wife and cofounder Divya Gokulnath and brother Riju Ravindran. ....

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Byju's rights issue to raise 200 million dollars fully subscribed

The company, valued at $22 billion in its last financing round in early 2022, announced last month that it would raise approximately $200 million through a rights issue.

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Byju's seeks to raise Rs 1662 crore after losing Rs 180806 crore valuation, now valued at Rs…

Byju’s had secured $1.2 billion in debt through a term loan facility from a consortium of foreign investors in November 2021.

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My head is bloody, but unbowed: Byju Raveendran writes to shareholders

In his missive to shareholders, Raveendran announced the company’s launch of a $200 million rights issue aimed at bolstering ongoing capital expenditure and supporting general corporate objectives. ....

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