Byju's Byju’s CEO Raveendran Rejects Auditor’s Suggestion of Backdating Reports admin, September 7, 2024 Byju Raveendran disclosed that they had been requested to perform multiple backdatings of reports, alleging that this had occurred recently. However, Byju’s management stated that they did not agree to this request, emphasizing that they have nothing to conceal. According to Raveendran, the auditors requested a forensic audit of the… Continue Reading
Byju's Byju’s: Investigation Reveals No Financial Misconduct, but Identifies Corporate Governance Failures admin, June 26, 2024 The Ministry of Corporate Affairs (MCA) conducted a probe into allegations against Byju’s, which included the manipulation of accounts and siphoning of funds, following complaints by the National Commission for Protection of Child Rights (NCPCR) and the Registrar of Companies (ROC). The probe concluded that the allegations were unsustainable, and… Continue Reading
Byju's Unicorns’ Decline in India: Byju’s suffers the steepest valuation loss globally in 2024. admin, April 9, 2024 The drop in valuation for Byju’s made it the biggest dip across any startup in the world. The country, however, maintained the tag of being the third biggest hub for unicorns across the world, according to the Hurun Global Unicorn Index 2024. Grappling with a slew of issues, edtech company… Continue Reading
Byju's Understanding: What caused the downfall of Byju’s, which was previously valued at $22 billion admin, February 6, 2024 Byju’s is run by Byju Raveendran along with his wife Divya Gokulnath. The company’s valuation reached $22 billion in 2022 due to its popularity in offering online and offline education courses. Byju’s journey started in 2003 when Byju helped friends crack the MBA entrance exam CAT. His teaching skills gained… Continue Reading