Manipal Group to Bid For Bankrupt Byju’s Parent Company
India’s Manipal Education and Medical Group announced on Thursday that it had submitted an expression of interest to bid for bankrupt firm Think and Learn, the parent company of Indian education-technology firm Byju’s. Byju’s gained popularity during the COVID-19 pandemic, offering online education courses, and currently operates in more than 21 countries. Its valuation experienced…
Vipin
Byju’s Marketing Strategy: The Success Mantra of Byju’s
With the invention of E-Learning, the education system in India has revolutionized, offering more opportunities for students to learn from the best. Many e-learning platforms in India offer students the opportunity to attend live classes, watch pre-recorded lectures, take mock tests, and much more. Among the best e-learning platforms in India, Byju stands at the…
Himanshu
Byju No Longer A Billionaire, Net Worth Falls To Zero
Recently, Forbes released its latest Billionaire Index 2024, revealing that Byju’s Raveendran’s net worth has plummeted to a big fat zero. Raveendran’s net worth a year ago stood at Rs. 17,545 crore, and he was featured on the ‘World Richest List’ of numerous prestigious magazines, but the recent hardships he faced have drowned his net…
Byju’s Stops PF Credit And Reduces Notice Period
Once valued at a whopping $22 billion, Byju’s has hit the ground. Previously, the founder of Byju’s had put his own house on mortgage to pay his employees’ salaries. Now, the top brass at Byju’s has reduced the mandated notice period for employees. Previously 30 to 60 days, the mandatory notice period has been reduced…
Success Story Of Byju’s Founder: From Rags To Riches
The education sector in India has been stagnant for quite some time now. But every now and then, there comes a person who changes the whole game with their approach. That person in today’s story is Byju’s founder, Byju Raveendran. In this blog, we will shed light on the life of one of India’s most…
Yash Sharma
Byju’s New CEO Arjun Mohan All Set To Fire 4500 People
The newly appointed CEO of Byju’s, Arjun Mohan, who took charge of the company on 20 September, has made a decision to fire more than 4500 people as a way to restructure the business and cut costs. In a meeting, Mohan briefed the company’s senior executives that he would be merging several business verticals as…
BYJU’s Co-Founder Divya Gokulnath Confirms Aakash Upcoming $1 Billion IPO
BYJU’s planning to bring the Initial Public Offering(IPO) of its subsidiary Aakash Educational Services. It was acquired by BYJU’s for $1 Billion in 2021. Divya Gokulnath, co-founder of BYJU’s confirms that they are preparing to launch the Aakash IPO at the massive valuation of $3.5 to $4 Billion. The upcoming IPO is expected to be…
Leading Platform Vedantu Lays Off Over 300 Employees
Indian edtech company Vedantu is laying off employees and implementing salary deductions. In the fourth round, the company laid off almost 385 employees across verticals such as HR learning and content, while the leadership team, including founders, will take a 50 per cent pay cut. Earlier, Edtech fired 200 employees last month and about 600…
Shipra Prajapati
Byju’s To Fire 2000+ Employees For Increasing Profits
Popular Edtech firm Byju’s will be freeing off 2500 employees. We recently heard about the case of moonlighting in Wipro. Along with that, TCS(Tata Consultancy Services) also came up with the sacking of employees. After successfully running for almost a decade, India’s most popular Edtech decided to rebuild itself. Aiming for global recognition and exceptional…
Aman Goyal
Edtech Unicorn upGrad Raises $210 Million In Latest Funding
Edtech unicorn, upGrad, has raised $210 million in the latest funding round that has been conducted by prominent investors and family offices, including ETS Global, Bodhi Tree, Singapore’s Kaizen Management Advisors, Bharti Airtel, Narotam Sekhsaria Family Office, Lakshmi Mittal’s Artisan Investments, along with existing investors Temasek, IFC and IFL. upGrad was founded by Ronnie Screwvala…
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