Photo: The Print
Byju's Founder Raveendran Is Out Of Hurun Rich List 2023
Byju Raveendran, the founder of edtech startup Byju's, has been left off the latest Hurun India rich list, amid valuation markdowns faced by the company. Notably, Reliance Industries' Mukesh Ambani has reclaimed the title of the richest Indian, surpassing Gautam Adani, confirmed Hurun's list. The list, with exit of Byju's, came days after it was reported that online higher education platform Great Learning is looking to to buy Byju's.
Tags: Byju's, Harun List, Richest Man, Indian Business, Mukesh Ambani
Courtesy: The Times of India
Photo: India Today
Dream 11 To Sponsor Jersey Of Indian Cricket Squad: BCCI
Dream 11 replaced Byju's and become the sponsor for the jersey of the Indian Cricket Team. Notably, BYJU's had quit after the end of the last financial cycle and BCCI had invited closed bids for its new sponsor and Dream11, which is going to be the prominent finance investor for Jersey. "Yes, Dream11 will be the new jersey sponsor of the Indian team," said the BCCI in an official statement.
Tags: BCCI, Indian sports, Dream 11, Byju's, Ed-tech
Courtesy: NDTV
Photo: India Today
Byju's & Its Ambassador Shah Rukh Khan Asked To Return Student's Money
Madhya Pradesh district consumer court panel issued a notice to Byju's and its ambassador Shah Rukh Khan, to return money and pay compensation to students. Hearing the complaint of a woman Priyanka Dikshit, who said that she enrolled with the ed-tech platform to get coaching for IAS preparation, and had paid Rs 1.18 lakhs, but got no coaching from Byju's. She further said, despite promises, Byju's failed to refund fees.
Tags: Shah Rukh Khan, Byju's, Consumer Court, IAS Coaching, Education
Courtesy: Economic Times
Photo: India Today
Raids Carried Out At Byju's Premises Under FEMA
The Enforcement Directorate (ED) conducted raids at the Byju's, an ed-tech company, on April 29. As per sources, the searches carried out at the Byju's premises under the Foreign Exchange Management Act (FEMA.) The probe agency searched two business and one residential premises in connection with money laundering, It said, the company received foreign direct investment worth Rs 28,000 crore and sent Rs 9,754 crores to various foreign entities… read-more
Tags: ED, FEMA, National Business, Raids Search, Byju's
Courtesy: The Free Press Journal
Photo: The Hans India
AP Govt Signs MoU With Byju's Aiming Enhanced Digital Education
Andhra Pradesh Government signs a MoU with the Ed-tech company Byju's, aiming enhanced digital education for students in state-run schools. On June 16, CM YS Jagan Mohan Reddy, Education Minister Botsa Satyanarayana, and Byju's VP Sushmit Sarkar signed the agreement, assuring digital-education content to Class IV-X students. Furthermore, the AP Government also decided to provide tablets and other gadgets to 4.7 lakh Class VIII students, worth… read-more
Tags: Andhra Pradesh, Byju's, Digital Education, YS Jagan Mohan Reddy, MoU
Courtesy: The Print
Photo: ABP News
Edu-Tech Byju's Seeks To Invest $200 Million To Establish Offline Coaching Centres
Byju’s is considering investing $200 million in offline tuition centres, to cater students from classes 4 to 10, in the next 2 years. It will offer holistic development through counselling and Olympiads. ''We decided to expand offline through ‘Byju’s Tuition Centre’ which will imbibe an omnichannel learning strategy,'' stated a Byju member. Notably, The company is all set to add 10,000 individuals and establish 500 offline centres… read-more
Tags: business, Startups, Byju's, offline coaching centres, students
Courtesy: The Economic Times
Photo: The Quint
Byju's Ceases SRK's Ads Over Son Aryan Khan's Arrest: Drug Case
Byju's has reportedly stopped ads featuring Khan in the wake of his son Aryan Khan's arrest in a drug case in Mumbai. However, there is no official announcement but a person associated with the matter said, ''The company which is in the area of education wouldn't like to seen in promotions with him given the controversy.'' Notably, SRK is a brand ambassador of the company since 2017.
Tags: Byju's, drug, Actor Shah Rukh Khan, Ads
Courtesy: The Economic Times
Photo: The Free Press Journal
Byju's Announces Acquisition Of 'Toppr', 'Great Learning'
Following the acquisition of US-based "Epic", India's education startup Byju's has decided to acquire two platforms namely "Toppr" and "Great Learning" on July 25. Reportedly, the company will pay $600 million to "Great Learning" and $150 million to "Toppr". It is expected that Great learning's acquisition will help the BYJU's to take on "upGrad" and 'Simplilearn'. Moreover, Toppr's base will improve its market in ''the K-12 learning segment… read-more
Tags: Byju's, Toppr, great learning, Acquisition
Courtesy: Money Control
Photo: Business Insider
Byju's Acquires US Based Digital Reading Platform 'Epic' For $500 Mn
In a bid to expand its presence in the USA's education market, Bangalore-based startup Byju's will acquire the digital reading platform "Epic" for $500 million. Epic is regarded as the world's largest digital reading platform for kids 12 and under, which hosts a million teachers and 50 million kids use the platform. Meanwhile, Byju's founder Raveendran said the expansion will ''hugely accelerate'' our revenue by March 2022.
Tags: Byju's, Epic, Digital Reading, Online education
Courtesy: Bloomberg Quint
Photo: The Week
BYJU's Acquires Test Prep Giant Aakash Educational Services
Bengaluru-based EduTech platform Byju's on April 5 revealed that the company, through a merger, has acquired Aakash Educational Services Limited. Planning to invest further in Aakash, Byju’s will allow the services of Aakash to be independently operated by founders JC Chaudhary and Aakash Chaudhary. BYJU’s founder Byju Raveendran said the new hybrid system will create impactful experiences for students with the help of over 200 brick-and-… read-more
Tags: Aakash Educatioal Services, Byju's, Merger, Online education
Courtesy: LiveMint
