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Hedge Fund Manager Arrested in Byju’s $533 Million Fraud Case

Ut World March 15, 2024 0

In a shocking turn of events, a U.S. bankruptcy judge ordered the arrest of hedge fund manager William Cameron Morton, accused of aiding Indian educational technology giant Byju’s in concealing $533 million from its creditors. The arrest order came after Byju’s Alpha, a subsidiary Continue Reading

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Byju’s Shifts to Remote Work Amid Financial Turmoil, Maintains Tuition Centers

Ut World March 12, 2024 0

In a significant operational shift, Byju’s, the leading edtech company, has transitioned approximately 14,000 employees to remote work, maintaining operations only at its headquarters in Bengaluru’s IBC Knowledge Park, where over 1,000 employees are based. This move comes as the firm vacates its office spaces across India, an effort that has been ongoing for Continue Reading

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Byju’s Ropes In New Auditor After Deloitte Resigns

Ut World June 24, 2023 0

Audit firm Deloitte has resigned as the auditor of edtech company Byju’s, citing a significant delay in the submission of financial statements. Deloitte had been scheduled to audit Byju’s until 2025 but stepped down, stating that the delays would impact its ability to perform the audit according to standards. Byju’s has appointed BDO as its […]Continue Reading

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Five Leading Start-ups Who Overcame Early-Stage Business Bottlenecks

Ut World May 22, 2023 0

Starting a business is an exciting journey, but it often comes with numerous challenges and hurdles. Many start-ups face early-stage bottlenecks that can hinder their growth and success. However, some Indian start-ups have managed to overcome these obstacles and emerge as industry leaders. In this blog post, we will explore five such Indian start-ups that […]Continue Reading

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Lionel Messi Is BYJU’S Global Brand Ambassador For Social Initiative

Ut World November 5, 2022 0

Football player Lionel “Leo” Messi has been chosen by edtech giant BYJU’s to serve as the first worldwide brand ambassador of its Education For All social impact arm, the business announced on Friday. Messi, the Argentine football team’s captain and a player for Paris Saint-Germain, has inked a deal with BYJU’S to advance the cause […]Continue Reading

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When asked to return to work, over 800 WhiteHat Jr employees resign: Report

Ut World May 13, 2022 0

According to a report in Inc42, more than 800 full-time employees of WhiteHat Jr, a platform for learning coding, have resigned in the last two months after being asked to return to work. According to the report, these employees voluntarily resigned because they did not want to return to work. Byju’s purchased WhiteHat Jr in […]Continue Reading

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Byju’s raises $800 million, with $400 million invested by Byju Raveendran

Ut World March 11, 2022 0

The decacorn of educational technology Sumeru Ventures, Vitruvian Partners, and BlackRock led a new $800 million funding round for Byju’s. Byju Raveendran, the founder and CEO of Byju’s, is also a part of this fund-raise and has put up $400 million of his own money. According to sources familiar with the situation, the valuation has […]Continue Reading

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Byju’s Expands Abroad with Tynker

Ut World September 17, 2021 0

As India’s most valuable edtech business continues to expand abroad, Byju’s has purchased Tynker, a US-based coding platform, in a stock-and-cash deal. The financial parameters of the deal were not published, but a source close to the situation stated Byju’s was paying $150-$200 million (Rs 1,100-1,470 crore) for Tynker. Tynker will be able to provide Continue Reading