Category: Byju Raveendran

Byju’s founder, ousted by shareholders, says rumors of his firing ‘greatly exaggerated’

Byju Raveendran, the founder of eponymous edtech group Byju’s, told employees on Saturday that he continues to remain the chief executive of the startup and that rumors of his firing have been “greatly exaggerated,” a day after a shareholder group voted to remove him at an emergency general meeting. In a 758-word letter, content of […] © 2024 TechCrunch. All rights reserved. For personal use…

Byju’s says investors don’t have voting right to remove founder from edtech group

Following months of behind-the-scenes conflict, Byju’s and some of its biggest investors are now airing their complaints about one another publicly. Byju’s, once India’s most valuable startup, said Friday its investors do not have the voting right to seek leadership changes, a day after a group of shareholders called for an extraordinary general meeting to […] © 2024 TechCrunch. All rights reserved. For personal use…

Byju’s cuts valuation ask to $250M in rights issue amid cash crunch

Byju’s, the world’s most valuable edtech startup, has cut its valuation ask to $250 million in a rights issue it launched Monday as the Indian firm works to address its working capital needs. The startup is looking to raise $200 million in the rights issue, a capital it said is “essential to prevent any further […] © 2024 TechCrunch. All rights reserved. For personal use…

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