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Byju's (stylised as BYJU'S) is an Indian multinational educational technology company, headquartered in Bengaluru. [4] It was founded in 2011 by Byju Raveendran and Divya Gokulnath . As of October 2024, various media outlets reported that Byju's valuation has now plummeted to zero, down from its peak valuation of $22 billion in 2022.
Insolvency proceedings against ed-tech giant Byju's, once India's biggest startup valued at $22 billion, will likely force thousands of employees to quit and result in a total shutdown of its ...
Byju's has suffered n. NEW DELHI (Reuters) -Indian education technology company Byju's will challenge insolvency proceedings initiated against it in an attempt to block the process this week, as ...
The future of Raveendran's eponymous Byju's online coaching firm rests with India's courts after the country's biggest startup, once loved by global investors who valued it at $22 billion, crashed ...
Internally, Byju’s was rocked by high-profile resignations, layoffs, and a noticeable decline in employee morale, signaling deeper issues with leadership and company culture. These setbacks, alongside growing internal discord and a loss of investor confidence, have raised doubts about the company’s ability to recover and regain its former ...
In June 2022, it was reported that Byju's had put forward an offer of more than US$1 billion to acquire 2U. [40] On July 28, 2022, Paucek announced that the company would layoff 20% of its workforce "across the board". [ 41 ]
Byju’s distress has weighed on India’s edtech industry in particular. The sector received $712 million in funding in 2023, down from $2.9 billion in 2022 and $5.3 billion in 2021.
After her graduation in 2007, she met Byju Raveendran, [8] her instructor for GRE preparation. [3] [9] Byju encouraged her to become a teacher due to her questions during breaks between the classes. [3] Her career as a teacher began in 2008 [3] at age 21. [10] [7] In 2020, she told Fortune India, "It was an auditorium-style class with 100 ...