Byju’s representatives stated that their funds are currently held in an escrow account with the National Company Law Tribunal (NCLT), with a hearing scheduled for July 4. They promised to update the Labour Department following the hearing, media reports revealed
Read More
Like many other edtech companies, Unacademy has implemented layoffs over the past two years to minimise cash burn amid a funding slowdown, according to media reports
Read More
Meanwhile, global investment giant Prosus has written off the value of its shareholding in Byju's, recording a loss of USD 493 million
Read More
Founder and CEO Akshay Chaturvedi expressed his commitment to the team's financial well-being, stating, "Creating wealth for my teammates is perhaps one of the most important goals for me after our students’ success. I am ecstatic that we could do this!"
Read More
