[ad_1] Byju’s salary update: The edtech major Byju’s, which is facing financial challenges, has started paying salaries for March and aims to complete the process by April 18. The management team informed employees that due to issues with accessing funds from a rights issue, they have arranged an alternative credit line to ensure timely payments….
[ad_1] Byju’s FY22 results: Byju’s parent company, Think & Learn, has submitted its audited financials for the fiscal year 2022 to the registrar of companies (RoC). The operating revenue for FY22 was reported at Rs 5,014 crore, with losses reaching Rs 8,245 crore. Byju’s total revenue, according to regulatory filings, was nearly Rs 5,300 crore….
[ad_1] MUMBAI: US-based asset manager BlackRock which holds a minority stake in troubled edtech startup Byju’s has slashed the company’s valuation to $1 billion as of October 2023. This is a 95% drop from its peak valuation of $22 billion at which the startup had raised $250 million in funding from investors in October 2022….
