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Byju Raveendran - 2 Divya Gokulnath - 2 Gokulnath - 1 Rajnish Kumar - 1 Mohandas Pai - 1 India’s - 1 Kumar - 1 Pai - 1
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☆ Byju's co-founder on the Indian tech startup's turnaround plan
  + stars: | 2023-11-14 | by ( Arjun Kharpal | ) www.cnbc.com   time to read: 1 min
Share Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailByju's co-founder on the Indian tech startup's turnaround planDivya Gokulnath, co-founder of Indian education technology startup Byju's, talks about the company's turnaround plans after it has faced a number of issues including auditing troubles and debt repayments.
Persons: Gokulnath
☆ Byju’s virtue-signalling is late but valuable
  + stars: | 2023-07-14 | by ( ) www.reuters.com   time to read: +2 min
India’s once-most valuable startup is luring big talent even after its auditor Deloitte resigned and three investors including Prosus (PRX.AS) quit the company’s board. His experience navigating government departments will be handy as the Ministry of Corporate Affairs ordered an inspection of Byju’s books per Bloomberg. It also could shore up Byju’s hopes of raising cash from new investors to meet creditor demands for early repayment of a $1.2 billion loan. Prosus for example thinks the company is only worth $5.1 billion, down from a peak valuation of $22 billion. They do not reflect the views of Reuters News, which, under the Trust Principles, is committed to integrity, independence, and freedom from bias.
Persons: Rajnish Kumar, Mohandas Pai, India’s, Kumar, Pai, Byju Raveendran, Divya Gokulnath, Pranav Kiran, Una Galani, Thomas Shum Organizations: Reuters, State Bank of India, Infosys, Deloitte, Ministry of Corporate Affairs, Bloomberg, Twitter, Thomson Locations: Bengaluru
☆ India's Byju's in talks with investors who quit board to reconsider
  + stars: | 2023-06-23 | by ( Aditya Kalra M. Sriram Munsif Vengattil | Aditya Kalra | M. Sriram | ) www.reuters.com   time to read: +2 min
Byju's leadership is in talks with the investors to try to convince them to reverse their decision, the three sources, who declined to be named as the talks are private, told Reuters. Its rise was seen as a boost for India's startup scene as investors including General Atlantic made big bets on Byju's. Two of the sources said the investors took the decision collectively to resign from the board as they were not getting answers from Byju's founder and senior management. The departures mean Byju's board is now only made up of its founder and chief executive Byju Raveendran, his wife Divya Gokulnath, and his brother Riju Raveendran. While the investors are holding talks with Byju's, it has not yet been decided whether or not their decision to resign would change, one of the sources added.
Persons: Chan Zuckerberg, Byju's, Byju Raveendran, Divya Gokulnath, Riju Raveendran, Aditya Kalra, Alexander Smith Organizations: Peak XV Partners, Sequoia Capital, Deloitte, Reuters, Byju's, General Atlantic, Thomson Locations: DELHI, Sequoia Capital India, U.S
☆ Byju's plans to end sponsorship of Indian cricket team jersey, as it puts profitability on cards for 2024
  + stars: | 2023-01-20 | by ( Arjun Kharpal | ) www.cnbc.com   time to read: +1 min
The Bangalore-based Byju's delivers online classes to students in various subjects. The co-founder added that the company will "hopefully" become profitable by the end of its financial year, which concludes in March 2024. Cricket is the biggest sport in India, a country with a population of more than 1.4 billion people. Byju's logo currently appears on the Indian cricket team's jersey. But Gokulnath told CNBC Byju's will not renew the deal after its March expiry.
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