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While the company's Singapore business turned loss-making, Great Learning managed to reduce its overall losses in FY23 to Rs 210 crore from Rs 266 crore in the preceding fiscal.
Byju’s-owned professional learning platform Great Learning cut its losses by nearly 28 per cent to Rs 222 crore in FY23 from Rs 307 crore in FY22. Great Learning, acquired by edtech major Byju’s for $600 million in July 2021, registered about 25
The term loan, availed during the peak of its growth in 2021 to support an aggressive acquisition spree, has been a major pain point
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 well-known edtech decacorn BYJU'S is presently going through a number of turbulent changes led by Arjun Mohan, the company's new India CEO. The corporation is navigating through a number of difficulties that have attracted the attention of the industry, including plans to sell subsidiaries, layoffs, and leadership departures.