BYJUs: Page 2
Byju's Files Lawsuit Against Redwood Alleging Predatory Tactics In Term Loan Acceleration
In an official statement, Byju's argued that Redwood purchased a major chunk of the loan while predominantly trading in distressed debt, which violated the terms of the term loan facility
Byju's Announces Plans For Aakash Education IPO In Mid-2024
According to an official statement released by the company, Byju's board has officially approved the IPO and it is expected to announce the appointment of merchant bankers for the IPO shortly
Byju's Creditors Call Off Talks To Restructure $1.2 Billion Loan: Report
Lenders can now sell the term loan B (TLB) securities of the firm as the restraint that came as part of the negotiations is lifted, as per the report
Byju's Minority Investor Blackrock Cuts Startup Valuation To $8.4 Billion
Since October 2022, this is the second time Blackrock has reduced the fair value of the company
Byju's Faces Lawsuit In US; Edtech Major Clarifies Payments Made Fully Compliant With Credit Agreement
The lawsuit has been filed as Glas Trust Company vs Riju Ravindran, 2023-0488, Delaware Chancery Court (Wilmington)
Here's Why Edtech Unicorn Byju's Has Come Under ED Scanner
On Saturday Enforcement Directorate (ED) revealed that it had conducted searches at the premises linked to the edtech major's parent entity, Think & Learn
After Raids Over Alleged Forex Law Violations, Byju's CEO Reassures Company's Compliance
Byju's chief also claimed that the company had previously submitted all the information requested on FDI raised, overseas investments made, and cross-border transactions relating to marketing and branding to the concerned authority
Byju's Raises $250 Million From Existing Investors
With this funding round, Byju's total fundraise since its inception in 2013 moves close to $6 billion, in which half of it spent for acquisitions and strategic investments in 18 to 20 startups