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Tag: Byju’s

Byju’s urged by Karnataka Labor to settle dues for ex-employees

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The Karnataka government called troubled education technology major Byju’s and a few former workers to a conciliation meeting on Friday. This comes after ex-employees voiced concerns about outstanding debts. Byju’s urged by Karnataka Labor to settle dues for ex-employees. Several emails were sent to the Karnataka labor department by former workers who claimed they were…

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Byju’s investors call for an EGM and want the founders removed.

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Key investors of the troubled edtech company Byju’s are attempting to remove the company’s top executives, led by founder and CEO Byju Raveendran, just days after the company launched a rights issue to raise $200 million from current shareholders. The investors are requesting an extraordinary general meeting (EGM) to adopt resolutions on outstanding governance, financial…

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Byju’s initiates a rights offering to generate $200 million.

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The parent company of Byju’s, Think and Learn, announced a rights issue on Monday in an effort to raise $200 million from its current investors. Subscriptions to the issue will be accepted for a full 30 days. Byju Raveendran, the founder and CEO, notified the shareholders in a letter that the board had decided to…

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