Troubled edtech firm Byju's vacates 4 lakh sq ft office space in Bengaluru: Report
Education technology firm Byju's, struggling financially, has vacated a 400,000 sq ft office space in Bengaluru in an attempt to cut costs.
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Education technology firm Byju's, struggling financially, has vacated a 400,000 sq ft office space in Bengaluru in an attempt to cut costs.
Upgrad cofounder Ronnie Screwvala huddled up with a group of founders and edtech leaders to discuss the way forward from the perception hit, which the sector has taken as a result of the doings of just one company.
India Business News: Byju Raveendran, founder of Byju's, pledged his family's homes in Bengaluru and an under-construction villa in Epsilon as collateral to borrow $12 mil
The APRs were with respect to duly compliant overseas direct investment (ODI) of about Rs 8,000 crore that arose from the delayed statutory audit of the financial year ended March 2022 (FY22), it added in the statement.
The settlement comes at a time when Byju's is apparently facing the crisis of its lifetime