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…
Beleaguered edtech giant Byju’s has sought arbitration through the National Company Law Tribunal (NCLT) to resolve its financial dispute with the Board of Control for Cricket in India (BCCI). While claiming to pursue an amicable settlement, Byju’s hopes arbitration will address both legal and factual aspects of the case with greater confidentiality and control.In 2019,…
