https://thenfapost.com News, Facts and Analysis on Startup, Technology & Business Sat, 07 Oct 2023 12:58:15 +0000 en-US hourly 1 https://wordpress.org/?v=6.5.2 The NFA Post News, Facts and Analysis on Startup, Technology & Business clean https://thenfapost.com/2023/10/07/edtech-firm-byjus-to-lay-off-4000-employees-in-major-restructuring/ Sat, 07 Oct 2023 12:40:50 +0000 https://thenfapost.com/?p=308515 The restructuring exercise will be undertaken by Arjun Mohan, who was recently elevated as chief executive officer (CEO) of its India business, replacing Mrinal Mohit, according to the sources Bengaluru, NFAPost: Byju’s has decided to lay off around 4,000 employees or over 11 per cent of its total workforce over the next few weeks as […]]]> https://thenfapost.com/2023/07/14/byjus-appoints-mohandas-pai-rajnish-kumar-to-advise-board/ Fri, 14 Jul 2023 03:04:38 +0000 https://thenfapost.com/?p=284852 Bengaluru, NFAPost: As part of further strengthening its capabilities, edtech giant Byju’s on Thursday named former State Bank of India chairman Rajnish Kumar and former Infosys chief financial officer T.V. Mohandas Pai to a newly formed council to advise its board. “This council will play a pivotal role in advising and mentoring Byju’s board and […]]]> https://thenfapost.com/2023/05/01/byju-raveendran-asserts-company-brought-rs-28000-cr-fdi-to-india-with-regulatory-compliance/ Mon, 01 May 2023 14:36:20 +0000 https://thenfapost.com/?p=260921 Bengaluru, NFAPost: Amid the ongoing ED enquiry under FEMA (Foreign Exchange Management Act), edutech major Byju’s Founder and CEO Byju Raveendran said the company brought Rs 28,000 crore FDI to India with due regulatory compliance. In a letter to his employees, Byju’s Founder and CEO Byju Raveendran said the company didn’t violate any law as […]]]> https://thenfapost.com/2023/03/10/byjus-to-raise-250-million-via-convertible-notes-in-aakash-pre-ipo-funding/ Fri, 10 Mar 2023 04:50:48 +0000 https://thenfapost.com/?p=246872 The pre-IPO round at Aakash will help the startup to tide over a liquidity crunch as talks to raise funds at a parent level are getting delayed with a prolonged due diligence process Bengaluru, NFAPost: Byju’s, the world’s most valuable edtech startup, is seeking to raise as much as $250 million through the issuance of […]]]> https://thenfapost.com/2022/09/20/byjus-cofounder-divya-gokulnath-lashes-out-at-negative-media-reports-on-edtech-major/ Tue, 20 Sep 2022 14:12:04 +0000 https://thenfapost.com/?p=200397 Bengaluru, NFAPost: Putting a brave front amid doomsday predictions, BYJU’S Cofounder Divya Gokulnath lashed out at media reports which came up with arguments on the abysmal performance of India’s largest edutech company. Breaking her silence, Divya Gokulnath on Tuesday in a LinkedIn post said that the second blockbuster release of this year, after the movie […]]]> https://thenfapost.com/2022/06/06/aakashbyjus-appoints-rahul-kumar-as-head-product-management/ Mon, 06 Jun 2022 11:06:45 +0000 https://thenfapost.com/?p=183259 Rahul has over 16 years of experience and will be responsible for driving the digital transformation across the organization and improving customer experiences through product innovation Bengaluru, NFAPost: In line with the organisation’s continued efforts to strengthen its management and accelerate business growth, Aakash + BYJU’S, the national leader in test preparatory services, has appointed […]]]> https://thenfapost.com/2022/05/12/over-800-whitehat-jr-workers-quit-when-asked-to-work-from-office-report/ Thu, 12 May 2022 17:29:06 +0000 https://thenfapost.com/?p=176731 The employees who resigned didn’t want to relocate to their respective office locations Bengaluru, NFAPost: Over 800 WhiteHat Jr employees have resigned from the Byju’s-owned edtech start-up in the last two months after being asked to work from office, according to an Inc42 exclusive report. Mumbai-based WhiteHat Jr, which was acquired by edtech giant Byju’s […]]]> https://thenfapost.com/2021/09/08/byjus-ropes-in-asmaan-ventures-led-investors-to-raise-around-150-million/ Wed, 08 Sep 2021 01:20:42 +0000 https://www.thenfapost.com/?p=112760 Edtech company Byju’s has raised around $150 million from three investors. The fresh fund infusion came at a time when the company is reportedly in talks with several investors to raise $1.5 billion at over $21 billion valuation. According to Entracker report, Byju’s has passed a special resolution to allot 6,045 Series F preference shares […]]]> https://thenfapost.com/2021/08/09/byjus-appoints-trupti-mukker-to-head-whitehat-jr-as-ceo/ Mon, 09 Aug 2021 08:02:15 +0000 https://www.thenfapost.com/?p=105617 Bengaluru, NFAPost: WhiteHat Jr Founder Karan Bajaj has announced his resignation as the company’s CEO, exactly a year after BYJU’S acquired the kids’ coding platform. He hands over all the reins to Trupti Mukker, Karan’s colleague and classmate from IIM-B. Trupti Mukker joined BYJU’S/WhiteHat Jr in December 2020, to aid customer experience between students-teachers. Trupti […]]]> https://thenfapost.com/2021/08/06/byjus-in-talks-to-acquire-vedantu-for-800-million/ Fri, 06 Aug 2021 10:51:44 +0000 https://www.thenfapost.com/?p=105225 Byju’s has emerged as the top most acquirer in the Indian startup ecosystem in the past year. It had already acquired seven companies in 2021 and is in talks to take over another one. According to sources, India’s most valued startup is now in talks with Vedantu for a potential acquisition. “The talks are underway […]]]>