Byju’s CEO Arjun Mohan Quits, Edtech To Consolidate Biz In 3 Units | Companies News

[ad_1] New Delhi: In an abrupt move, Arjun Mohan, who was elevated as the embattled edtech firm Byju CEO just about seven months back, has quit to pursue other opportunities, the company confirmed on Monday. The company’s Co-founder and CEO Byju Raveendran will take a more hands-on approach in spearheading the daily operations of the … Read more

Byju’s Delays March Salaries; Blames Few Foreign Investors | Companies News

[ad_1] New Delhi: Embattled edtech company Byju’s has informed its employees that there will “again” be a delay in disbursement of salaries. Byju’s management in a communication to employees blamed the situation on an interim order obtained by “a few misguided foreign investors” in late February which “restricted usage of the funds raised through the successful … Read more

US Court Orders Byju’s To Freeze $533 Million Owed To Lenders | Companies News

[ad_1] New Delhi: The steering committee representing term-loan lenders of Byju’s $1.2 billion loan on Friday said that a US judge has ordered to prohibit further movement or use of $533 million by the edtech company, which is owed to lenders. According to the steering committee’s statement, the company’s co-founders Byju Raveendran and Divya … Read more

Byju’s Gives Indefinite Work From Home To Employees, Gives Up All Office Spaces Across Country | Companies News

[ad_1] New Delhi: Embattled edtech company Byju’s reportedly asked its employees to work from home indefinitely, giving up all the office spaces across the country. The cash-strapped company has however let people working at its 300-odd offline tuition centres out of the Work From Home set up. Byju’s has given up office spaces as … Read more