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Pai paid Rs 1,400 crore, inclusive of interest, to fully settle the Rs 800 crore loan that Byju’s had obtained from Davidson Kempner

The chairman of Manipal Group, Ranjan Pai, is one of the major figures creating news in the Indian edtech sector, which is going through a transformative phase. His large investment in BYJU'S subsidiary Aakash Educational Services Limited (AESL) has the power to completely change the Indian edtech market.

When the full investment is completed, Pai is set to secure a substantial 20-25 per cent stake in Aakash, while Byju’s personal stake is expected to decrease to approximately 12 per cent. 

The recent business restructuring at BYJU’S would lead to the company achieving break-even by the fourth quarter of FY24

The sacking of more than 4,000 employees shows us that BYJU’S is plagued by some very old problems that have become hard to get rid of

BYJU’S has implemented a stringent new social media policy, instructing its employees to refrain from interacting with media outlets

BYJU'S has decided to rebrand WhiteHat Jr to BYJU'S Future School, as the wholly-owned entity will merge into the edtech decacorn.

Byjus, Indias most-valued startup, has decided to put two of its key assets -- Epic and Great Learning -- on the block to generate $800 million-$1 billion in cash, with an aim to meet the edtech firms various commitments, including repaying the entire $1.2 billion term loan B (TLB) within six months, according to sources. The cash-strapped company has proposed repaying $300 million of the $1.2 billion loan in the next three months, depending on whether the lenders accept Byjus amendment proposal...

Byju's and its term loan B lenders have extended their US legal dispute delay until October 6, as they continue discussions for a out-of-court resolution.

Byju's is giving up the 5.58 lakh square feet property in Kalyani Tech Park to save costs and shore up liquidity amid delayed funding. The company has asked...