Tag Archives: Byju's

In a dramatic turn of events, William C. Morton, founder of a small Florida hedge fund, is facing potential jail time for his alleged role in the disappearance of $533 million connected to Indian tech firm Think & Learn Pvt, now famously known as Byju's.

Allegations of financial impropriety have surfaced against India's prominent edtech giant, Byju's, as investors claim the company siphoned off a staggering $533 million to an obscure hedge fund in the United States. In response, investors are seeking a stay on Byju's $200 million rights issue, labeling it as illegal and in violation of established laws.

Byju Raveendran, CEO of the prominent edtech firm Byju's, has reassured employees that he remains the chief executive officer of the company, dispelling rumors of his ousting following a shareholder vote. In a letter addressed to staff members, Raveendran refuted media reports suggesting his removal from the CEO position as "greatly exaggerated and highly inaccurate."

BYJU'S sends a legal notice to the founders of Aakash Educational Services, demanding the completion of a share swap following the acquisition. The dispute could have implications for both education technology companies involved.

Byju’s has laid off another 1,000-1,200 employees, as the world’s most-valued edtech company seeks to bring down costs amid slower revenue growth and a worsening funding winter. Ed-tech firm Byju’s laid off 1,000 to 1,200 more employees in its second round of layoffs in the last few months amid mass …