Byju's fundraise plans may face a setback post ED search
BYJU's might also have trouble raising funds going forward due to funding winter in the startup ecosystem.
Source: freepressjournal.in
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Byju's ED Raid: CEO Byju Raveendran Says Company In Compliance, Brought More FDI Than Any Other Startup
Byju's was once valued at USD 22 billion and has attracted global investors such as General Atlantic, BlackRock and Sequoia Capital.
Source: news18.com
ED searches residence, office of BYJU's CEO Raveendran over alleged foreign funding laws violation
The ED said in a statement that it had found 'incriminating' documents and digital data as part of a Foreign Exchange Management Act (FEMA) probe
Source: firstpost.com
Byju's offices raided by Enforcement Directorate
It alleged that the company has not prepared its financial statements since financial year 2020-21 and has not got the accounts audited which is mandatory.
Source: thenewsminute.com
ED searches Byju's premises: How the ed-tech firm has remained in the eye of the storm
Byju’s controversies: The ED conducted searches on Byju’s premises in Bengaluru in connection with alleged foreign exchange violations on Saturday. But, this is not the first time that the ed-tech firm has come under the government scanner
Source: firstpost.com