Photo: The Economic Times
Byju's To Fire 2500 Staff Under New Plan, Aims Profit By March 2023
Edtech Byju's decided to plan their 2022-2023 strategy and become a profitable organisation by March 2023. In a statement, co-founder Divya Gokulnath said, to optimise its marketing and operational cost, which will lead to the retrenchment of 5% of employees or about 2,500 people in the next six months. Moreover, Byju will start focussing on building brand awareness with new partnerships and hiring 10,000 teachers for Indian and overseas… read-more
Tags: Byjus, New Plan, Market Strategy, New Teaching Staff recruitment, EdTech
Courtesy: The Free Press Journal
Photo: News18
Niti Aayog Partners With BJYU's To Help Government School Students
Niti Aayog in partnership with BYJU's plans to provide free access and premium resources to students of classes 6-12 in government schools to 112 aspirational districts of India. Niti Aayog CEO, Amitabh Kant announced the initiative virtually on September 16. BYJU's will provide free coaching classes to over 3,000 "meritorious" students of classes 11-12 for engineering. The medical entrance exam preparation is taken care of by Aakash… read-more
Tags: Niti Aayog, Byjus, Education, Aspirational districts, government schools
Courtesy: The Indian Express
Photo: Outlook India
BYJU'S Becomes ICC's Global Partner; Gets Digital Rights For Events
Indian Ed-tech giant BYJU'S has become the global ally of International Cricket Council (ICC) until 2023. As per the agreement, BYJU'S will partner ICC across all events, including upcoming Men's T-20 World Cup and ICC Women's World Cup. Besides, the platform will also have digital and broadcasting rights for all ICC events. In addition to this, BYJU'S will help ICC in enhancing the interaction with fans by creating innovative campaigns.
Tags: Byjus, ICC, Byju Raveendran, World Cricket
Courtesy: The Economic Times
Photo: The Times of India
Byju’s Gets $500 Million Investment from Silver Lake
Edu-tech firm Byju’s has attracted $500 million investment from the US-based Silver Lake. The investment has taken Byju’s valuation to $10.8 billion. The firm has already raised $1 billion this year from investors including Tiger Global and General Atlantic investing $200 million each. Byju’s CEO Byju Raveendran said, “We are fortunate to be in a sector of positive relevance and excited about the opportunities to redefine the future of… read-more
Tags: Byjus, Online Learning, Byju Raveendran, Educational tools
Courtesy: LiveMint
Photo: The Cricket Times
IPL: BCCI Rejects Dream11's 2021 and 2022 Bid
BCCI on August 18 officially confirmed that Dream11 acquired the IPL title sponsorship for 2020. Dream11 won the rights for Rs 222 crore, bidding higher than Tata, Byju's and Unacademy. Dream11 proposed a three-year deal for IPL 2021 and IPL 2022. BCCI has rejected the offer due to a "low" bid. The IPL 2020 is set to start from September 19 and played till November 10, in UAE.
Tags: IPL, Dream11, UAE, Byjus
Courtesy: ABP Live
