Byju’s Faces High Refund Requests and Parental Dissatisfaction.

#EdTech #Byju #Byjus #Refund #RefundRequest

https://www.ganganews.com/business/byjus-faces-high-refund-requests-and-parental-dissatisfaction/

Byju’s Faces High Refund Requests and Parental Dissatisfaction.

#EdTech #Byju #Byjus #Refund #RefundRequest

https://www.ganganews.com/business/byjus-faces-high-refund-requests-and-parental-dissatisfaction/

Trouble continues to mount for Byju’s. A month after the firm’s investor Prosus confirmed the resignation of its representative Russell Dreisenstock from the board of the startup, the Netherlands-based technology investor on Tuesday said that the executive leadership at Byju’s regularly “disregarded” Dreisenstock’s advice and recommendations relating to strategic, operational, legal and corporate governance matters, compelling him to resign.
#Byju #Prosus
https://timesofindia.indiatimes.com/business/india-business/byjus-executive-leadership-regularly-disregarded-advice-and-recommendations-prosus-explains-why-its-representative-quit-startups-board/articleshow/102111298.cms

Government orders scrutiny of #Byju’s account books

https://www.hindustantimes.com/business/byjus-latest-news-government-orders-inspection-account-books-101689069101295.html #press

#Byju’s promoters sold shares worth $408.53 million since 2015

Multiple investors including firms like General Atlantic, BlackRock and Lightspeed Venture Partners have participated in Byju’s secondary transactions over the years. http://toi.in/jpIhwb20/a24gk #press

#Byju's co-founder Divya Gokulnath took to Instagram to share ‘positive messages’ from employees who reached out to her following a town hall meeting

https://www.hindustantimes.com/business/byjus-co-founder-divya-gokulnath-shares-employees-post-town-hall-messages-101688246566871.html #press

The email, sent by Byju Raveendran on Thursday evening, came hours after he addressed the staffers in a town hall.
#Byju
https://www.hindustantimes.com/business/for-18-years-i-have-byjus-ceo-writes-to-employees-amid-company-turmoil-101688066809580.html

Several reports have emerged around #Byju's financial performance, debt burden, delay in filing financial results.

https://www.hindustantimes.com/business/byjus-nearing-profitability-ceo-optimistic-about-loan-issue-resolution-sans-court-intervention-101688054416804.html #press

India's startup ecosystem is facing challenges as funding dries up and governance issues arise. Byju's, India's most valuable startup, is in turmoil after missing financial deadlines and losing its auditor and board members. Other startups, including BharatPe and GoMechanic, have also faced scandals. The intense price competition and limited spending power of India's consumer market make it difficult for startups to reach profitability.
#Byju #India
https://timesofindia.indiatimes.com/business/india-business/turmoil-at-byjus-highlights-hurdles-for-india-startup-scene/articleshow/101334414.cms

#Byju #PF
https://timesofindia.indiatimes.com/business/india-business/byjus-ex-staff-allege-pf-unpaid-company-says-no-dues/articleshow/101293728.cms

Byju Raveendran emphasised his commitment to the company, stressing that he has devoted the past 18 years to building it. "Byju's is not my work, it is my life," he said in the meeting, according to sources.
#Byju #ShareholderMeet #CEOAdmitsMistake #Audit
https://www.ndtv.com/india-news/inside-byjus-shareholder-meet-ceo-admits-mistake-month-set-to-close-audit-4153769

#Byju's, the #Bengaluru-based edtech firm that has, in recent days, made headlines for all the wrong reasons, has been delaying PF payments for employees for almost all months, starting October last year, reports have emerged

https://www.hindustantimes.com/business/byjus-consistently-delaying-pf-payments-may-face-epfo-action-reports-101687765387274.html #press

#Byju's leadership briefed about 75 shareholders on Saturday to address their concerns about the company's financial affairs

https://www.hindustantimes.com/business/2022-audited-earnings-byjus-investors-edtech-firm-101687706846821.html #press

Two top investors in #Byju's confirmed that their representatives had resigned from the board of the once high-flying Indian startup.

https://www.hindustantimes.com/business/two-byjus-investors-confirm-board-members-stepping-down-101687544236553.html #press

#Byju's is asking three global investors to reconsider their decision to quit its board, three sources with direct knowledge of the situation said

https://www.hindustantimes.com/business/byjus-in-talks-with-investors-who-quit-board-to-reconsider-report-101687517426391.html #press

Three board members of Indian startup #Byju's have quit and Deloitte has stepped down as its auditor, three sources said

https://www.hindustantimes.com/business/three-board-members-quit-byjus-deloitte-steps-down-as-auditor-report-101687441269818.html #press

Popular #Indian edu-tech startup #Byju's will #layoff between 500 and 1,000 employees in another round of job cuts to cut costs.

https://trib.al/Yu6syOp #press

#BYJU's begins layoffs, cuts roughly 1,000 jobs amid dispute with lenders: Report

https://www.hindustantimes.com/business/byjus-layoffs-fires-1000-employees-across-departments-amid-battle-with-lenders-report-101687198722491.html #press

Edtech major BYJU's has laid off close to 1,000 employees across departments as part of its restructuring process, sources aware of the development said on Monday.
#BYJU #Lays #Report
https://www.ndtv.com/india-news/byjus-lays-off-close-to-1-000-employees-across-all-departments-report-4135112

#ItsViral | #LinkedIn users helped a Swiggy delivery agent, who is a B. Tech graduate and previously worked with #BYJU’S and Ninjacart, in finding a new job

https://www.hindustantimes.com/trending/swiggy-delivery-man-who-walked-3-km-to-deliver-food-lands-a-new-job-with-linkedin-users-help-101686821746348.html #press