Tag Archives: Ed-tech

In a fresh legal development, Byju Raveendran, the founder of the embattled ed-tech giant Byju's, has been accused of attempting to secretly regain control of the company using hidden loan funds. According to a recent Bloomberg report, Raveendran allegedly hid millions of dollars of loan proceeds to purchase back a software company that had been taken over by an American trustee.

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 …