The government has launched a fresh investigation into the financial and accounting practices of Byju’s, the troubled edtech giant. The new investigation comes after a previous review by the Ministry of Corporate Affairs highlighted lapses in corporate governance at the company, according to sources familiar with the matter, reported Bloomberg. NEW INVESTIGATION DETAILS The Registrar … Read more
Challenges continue to mount for Byju’s, once celebrated as the posterboy of India’s growing startup ecosystem, as its employees are now considering legal action as they struggle to receive their salaries. The insolvency crisis at ed-tech giant Byju’s has sparked widespread concern among its employees, reported news agency Reuters. The report highlights the growing desperation … Read more
Teachers will be trained in technology tools to facilitate learning at schools, says official. | Photo Credit: File photo In the new academic year beginning in June, students will step into digital classrooms equipped with Interactive Flat Panels, replacing the conventional blackboard. Teachers have been given tabs and asked to master the technical know-how to … Read more
Bengaluru: Homegrown education technology unicorn Byju’s has raised $122 million from tech billionaire Yuri Milner’s investment fund DST Global as part of its ongoing funding round, a month after storied Silicon Valley investor Mary Meeker’s Bond Capital chipped in $23 million at a $10.5 billion valuation. Byju’s has allotted 42,666 Series F preference shares to … Read more