The rise and fall of Byju's, once a startup darling in India
Byju’s, once India’s most valuable startup, has seen a series of setbacks including alleged accounting irregularities and mismanagement.
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Byju’s, once India’s most valuable startup, has seen a series of setbacks including alleged accounting irregularities and mismanagement.
ED asked Bureau of Immigration to issue the look out notice to stop Raveendran from leaving India, said a report
Last November, ED had issued showcause notices to Think & Learn Private Limited, the parent company of Byju’s, and Raveendran over alleged contraventions of FEMA to the tune of Rs 9,362.35 crore.
Reportedly, this development comes ahead of a high-stakes Extraordinary General Meeting (EGM) scheduled for this Friday, where it was reported that certain investors were seeking to oust Raveendran from his position.
The Enforcement Directorate issued a lookout notice against Byju Raveendran, founder of the edtech company Byjus.