BENGALURU: Byju’s Alpha, a US-based financing arm of the edtech firm, said on Thursday that it filed a lawsuit in a US court against its co-founders Byju Raveendran and Divya Gokulnath, and former chief strategy officer and senior executive Anita Kishore. The complaint accuses them of engineering a fraudulent scheme to transfer $533 million in…
Mumbai: Byju Raveendran, founder of edtech startup Byju’s, allegedly tried to convince his US-based business associate William R Hailer to leave the country so he could skip appearing in court to testify about Raveendran’s involvement in dubious activities.“On Nov 20, Byju arranged a ticket for me to Dubai on Emirates out of Chicago, Illinois to…
A recent poll conducted by the ‘Startup India’ community on Reddit has sparked discussion around leadership qualities in the Indian startup ecosystem. The poll, which saw participation from a significant number of users, revealed the community’s picks for the “Best” and “Worst” Indian startup founders. Best rated founder Sridhar Vembu, the CEO of Zoho, emerged…
Byju Raveendran, the founder and CEO of edtech firm Think and Learn has to its employees, addressing their concerns over non-payment of July salary. He told the employees that the company is unable to access its accounts due to a temporary stay granted by the Supreme Court on the national law tribunal’s decision.Adding that every…
Byju’s salary update: The edtech major Byju’s, which is facing financial challenges, has started paying salaries for March and aims to complete the process by April 18. The management team informed employees that due to issues with accessing funds from a rights issue, they have arranged an alternative credit line to ensure timely payments. According…
Byju Raveendran, the founder of Byju’s, a leading edtech company in India, has faced a significant setback as his net worth has dropped to zero, according to the latest Forbes Billionaire Index 2024. The report states that his net worth has come down from Rs 17,545 crore ($2.1 billion) to zero! Once a top player…
