Charges by Raveendran who broke his silence follow post by EY India whistleblower. Amid insolvency proceedings, Byju’s founder said he ‘sold his house, mortgaged family’s future’.
Fighting fires on all fronts — from inability to pay salaries to mismanagement allegations, cases in NCLT & ED probe — Byju's valuation has dropped to $250 mn from $22 bn in 2022.
By M. Sriram MUMBAI (Reuters) - Education technology giant Byju's, one of India's biggest startups valued at $22 billion last year, has run into problems, from lawsuits and auditing issues to layoffs
Byju's is leaning towards a SPAC merger instead of a traditional IPO because it sees value in having U.S. investors and strategic partners, people familiar with the matter said.
Tynker, launched in 2013, offers classes, camps on coding. The company's co-founders Krishna Vedati, Srinivas Mandyam & Kelvin Chong will remain in their roles after the acquisition.
Byju’s is aiming to file its initial IPO documents as early as the second quarter of next year. The startup and its bankers are discussing a valuation of $40 billion to $50 billion.
SEBI probe concluded that purported loans and fund transfers were paid back in full and did not amount to deceptive market practices or unreported related party transactions.
Many really smart people now share the position that playing cricket with Pakistan is politically, strategically and morally wrong. It is just a poor appreciation of competitive sport.
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