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byjus

Another week in the circle of startup life

by Edgar Davis
Another week in the circle of startup life

Welcome to Startups Weekly — your weekly recap of everything you can’t miss from the world of startups. I’m Anna Heim from TechCrunch’s international team, and I’ll be writing this newsletter …

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Learning and unlearning of Unacademy and Gaurav Munjal

by Edgar Davis
Learning and unlearning of Unacademy and Gaurav Munjal

Gaurav Munjal, founder, Unacademy; image visualisation by Manali Ghosh via AI Synopsis In the once red-hot world of ed-tech, Unacademy was the sober alter-ego of the Icarus-like Byju’s. The company …

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BlackRock has slashed the value of stake in Byju’s, once worth $22 billion, to zero

by Edgar Davis
BlackRock has slashed the value of stake in Byju’s, once worth  billion, to zero

BlackRock, an investor in Byju’s, estimates that its stake of Indian edtech giant, once valued at $22 billion, is now worth nothing. The write-down in its estimations, disclosed in an …

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How India’s most valuable startup ended up being worth nothing

by Edgar Davis
How India’s most valuable startup ended up being worth nothing

Welcome back to TechCrunch’s Week in Review — TechCrunch’s newsletter recapping the week’s biggest news. Want it in your inbox every Saturday? Sign up here. There’s more bad news for …

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Byju’s founder floats share offer to make peace with estranged investors

by Edgar Davis
Byju’s founder floats share offer to make peace with estranged investors

Byju Raveendran, the founder of embattled edtech group Byju’s, has made a last-ditch attempt to placate disgruntled investors. He has just informed them that the board is weighing an offer …

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Camshaft says Byju’s unit beneficial owner of $533 million funds

by Edgar Davis
Camshaft says Byju’s unit beneficial owner of 3 million funds

Camshaft disclosed in court filings this week that some $533 million it managed for Byju’s Alpha, a U.S. unit of Indian edtech group Byju’s, was transferred to another 100% and …

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

by Edgar Davis
Byju’s founder floats share offer to make peace with estranged investors

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 …

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What’s wrong with India’s tech world? Potential collapse of big names Paytm, Byju’s signals change in digital landscape

by Walter Watson
What’s wrong with India’s tech world? Potential collapse of big names Paytm, Byju’s signals change in digital landscape

While the reasons behind the challenges faced by digital payment and financial services platform Paytm and education tech firm Byju’s differ, their simultaneous downturns have sounded alarm bells in the …

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Investors want Byju Raveendran out. He isn’t quitting. Inside the fight that will define Indian ed-tech.

by Edgar Davis
Investors want Byju Raveendran out. He isn’t quitting. Inside the fight that will define Indian ed-tech.

Byju Raveendran, founder, Byju’s; portrait by Sadhana Saxena Synopsis Byju Raveendran’s last roll of dice – the rights issue – hasn’t gone down well with a major group of investors. …

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

by Edgar Davis
Byju’s founder floats share offer to make peace with estranged investors

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 …

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