A group of Byju’s investors on Friday voted to remove the edtech group’s founder and chief executive Byju Raveendran and separately filed an oppression and management suit against […]
Byju’s says $200 million rights issue that cuts valuation by 99% fully subscribed
Byju’s says its recently launched $200 million rights issue has been fully-subscribed, but the startup’s founder urged some of its major investors to participate amid a rift between […]
Byju’s says investors don’t have voting right to remove founder from edtech group
After months of private scuffles, Byju’s and some of its largest investors are now taking their fight public. Byju’s, once India’s most valuable startup, said Friday its investors […]
Byju’s investors call for EGM to remove founder following rights issue
A group of large investors in Byju’s has called for an extraordinary general meeting to change the leadership at Byju’s days after the edtech group launched a rights […]
Byju’s seeks to raise $200 million in rights issue
Byju’s, the world’s most valuable edtech startup, launched a rights issue on Monday, seeking to raise $200 million as the Indian firm works to address its working capital […]
Who knew M&A would be the thing we couldn’t shut up about?
Listen here or wherever you get your podcasts. Hello, and welcome back to Equity, the podcast about the business of startups, where we unpack the numbers and nuance behind the […]
Byju’s seeks new funding at less than $2 billion valuation, a 90% drop
Byju’s, once valued at $22 billion, is willing to cut its valuation to below $2 billion as it hunts for new funding, a person familiar with the matter […]
BlackRock cuts Byju’s valuation by 95% to $1 billion
BlackRock has yet again cut the value of its holding in Byju’s, slashing the implied valuation of the Indian startup to $1 billion from $22 billion in early […]
India’s top VCs face fresh obstacles as startup investment plummets
High-flying venture investors in India managing hundreds of millions of dollars are tempering expectations, making early-stage startup bets that in best-case scenarios they hope will return 3 to […]
Doubtnut, once offered a $150M deal by Byju’s, sells for $10M
Allen Career Institute has acquired Doubtnut in a deal that values the young edtech at $10 million, according to a person familiar with the matter, a reversal of […]