Page 2 - Arjun Mohan News Today

Chennai: Indian start-ups raised more than $1 billion in April across 124 deals. The start-ups space saw heightened activity across mergers and acquisitions, layoffs and high-profile exits in the...

The Bengaluru Bench of the National Company Law Tribunal (NCLT) on Tuesday deferred the hearing of the ongoing matter between embattled edtech company Byju's and some of its key investors to June 6.Byju's Senior Counsel, KG Raghavan, assured ...

Byju Raveendran, the founder and CEO of the company has taken on more personal debt to make payroll for the month of March, a source told Moneycontrol.

Salaries for the latter half of February are still pending, with Byju's having disbursed partial payments in March and promising the balance upon fund availability.

Byju’s has already initiated layoffs on phone calls, letting go about 100 to 500 employees without putting them on a performance improvement plan (PIP) or having them serve a notice period

India Business News: Byju's lays off 500 employees, mainly in sales and tuition, due to salary delays. CEO Arjun Mohan leads cost-cutting efforts amidst litigation stress

Aakash Institute, under Byjus, shifts focus from Aakash Chaudhrys return as CEO. Ranjan Pai emerges as the largest investor, with ongoing legal battles and stalled stock-swap. Byju Raveendran and Anup Kumar Agrawal contribute to daily operations.

Happy Thursday! Talks between Aakash Institute promoters and Byjus on Aakash Chaudhrys return to helm the coaching firm have failed. Details on this and more in todays ETtech Morning Dispatch.

In the past 12 months, the company has let go of thousands of workers as it has struggled with dwindling venture capital funding.

This move is strategic and prompted by the edtech unicorns ongoing liquidity concerns, arising from a dispute with investors regarding funds raised in a recently concluded rights issue offering, it added.