Tag: Byju’s

BYJU’s to shut coding platform WhiteHat Jr, company says ‘merely optimising’ it

Edtech major BYJU's is set to soon wind up coding platform WhiteHat Jr, which it acquired for $300 million, as part of restructuring and cut costs, reliable sources said on Thursday. The company, however, said they are "merely optimising it".

February 23, 2023

Why Prosus’ $578 mn fair value doesn’t put BYJU’S valuation at $6 bn

Global investment group Prosus has put the fair value of its 9.67 per cent stake in BYJU'S at $578 million, which technically puts the current valuation of the edtech major at nearly $6 billion -- last valued at $22 billion -- but this is not the case as Prosus has changed its accounting treatment for BYJU'S.

November 23, 2022

Byju Raveendran says sorry to staffs after announcing workforce reduction plan

BYJU's recently announced to reduce 5 per cent of its 50,000-strong workforce (about 2,500 people), which will be "rationalised across product, content, media, and technology teams in a phased manner" in a bid to consolidate its India business.

October 31, 2022

BYJU’s takes Rs 300 cr loan from subsidiary Aakash for ‘principal business activities’

Edtech major BYJU's is taking an unsecured loan of Rs 300 crore from its subsidiary Aakash Educational Services, which it acquired for more than $950 million, to bolster its "principal business activities".

October 27, 2022

BYJU’s clears $245 mn dues of Blackstone in $1 bn Aakash deal

Edtech major BYJU's has finally paid the remaining dues of nearly Rs 1,983 crore (over $245 million) to global VC firm Blackstone in the $1 billion acquisition of Aakash Educational Services.

September 24, 2022

Byju’s allegedly owes BCCI dues, Paytm wants to sublicense title rights: Report

Byju and the BCCI had agreed on the extension of their partnership until the end of the 2023 ODI World Cup in India at a 10 per cent increment in April.

July 22, 2022

Government warns Ed-tech companies against unfair trade practices

Singh said that if self-regulation does not curb the unfair trade practices, then stringent guidelines would require to be formulated for ensuring transparency.

July 2, 2022

BYJU’s extend employee health cover to parents, siblings, in-laws

The new policy, an extended cover of Rs 4 lakhs (employees have the option to top up the cover as well), provides employees the option to choose covers for family members, that is, parents, siblings, in-laws, and same-gender partners in the same plan, BYJU's said.

October 21, 2021

NITI Aayog ties up with BYJU’S to provide free tech-driven learning in 112 dist

For the Career-Plus programme, students will be selected through a pre-designed test and provided teaching and content material, along with mentoring support and guidance.

September 17, 2021

Byju’s to acquire e-learning platform Vedantu for $600-$700 mn

Vedantu last month announced a strategic investment in Pedagogy, an AI-enabled learning startup that provides online courses and interactive digital books

August 6, 2021

BYJU’s acquires professional, higher educational startup, Great Learning for $600 million

The latest partnership with Great Learning marks BYJU'S' entry into the professional and higher education segment with a $1 billion commitment.

July 26, 2021

Oppo to be replaced by Byju’s on Team India jersey

In March 2017, Oppo had won the Indian team sponsorship rights for a five-year period, i.e. till March 2022 for a whopping amount of Rs 1079 crores, outbidding Vivo mobiles' Rs 768 crore bid.

July 25, 2019