1 year, 2 months ago
Byju’s targets to be profitable by March 2024, may layoff 3,000-3,500 workforce
Live MintOn account of consolidation and restructuring of the organization and settlement on a $1.2 billion loan, edtech major BYJU'S has set the target to become profitable by March 2024, reported news agency PTI citing sources. "Think and Learn Private Ltd restructuring will see the current operations spread across several business units streamlined into four core areas of K-12, test prep, online, and hybrid. The business restructuring, aimed at matching resources with cash flows, will see the company achieve break-even by coming March, in the fourth quarter of the current fiscal," a source said. BYJU'S booked a loss of ₹4,588 crore for the fiscal year ended March 31, 2021, 19 times more than the preceding fiscal.
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History of this topic
4 weeks ago
Byju's under scrutiny again: Government launches new investigation into finances
India Today
5 months ago
Byju's journey from startup star to facing insolvency: All you need to Know
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7 months, 2 weeks ago
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9 months, 1 week ago
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9 months, 1 week ago
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9 months, 1 week ago
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9 months, 2 weeks ago
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10 months ago
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10 months, 2 weeks ago
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10 months, 2 weeks ago
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10 months, 3 weeks ago
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11 months ago
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11 months ago
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1 year, 5 months ago
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1 year, 5 months ago
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1 year, 5 months ago
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1 year, 6 months ago
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1 year, 6 months ago
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News 18
1 year, 6 months ago
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India TV News
1 year, 7 months ago
ED seizes ’incriminating data’ of Byju’s over alleged forex law violations
Live Mint
1 year, 8 months ago
Byju's Lenders Want $200 Million Prepayment Over Restructuring $1.2-Billion Loan : Report
ABP News
1 year, 10 months ago
Byju’s in funding talks with TPG, sovereign funds as debt weighs
Live Mint
1 year, 10 months ago
Byju's lays off 1,500 employees, cites cost optimisation and outsourcing of operations
Hindustan Times
1 year, 10 months ago
Byju’s fires 1,500 staff; senior execs also hit
Live Mint
1 year, 10 months ago
Edtech firm Byju’s lays off nearly 1,500 employees
Live Mint
1 year, 11 months ago
Byju Raveendran writes about the ‘storm’ Byju’s survived in 2022
Live Mint
2 years, 1 month ago
Byju’s finalising plans for ₹8,000 crore IPO of Aakash Educational Services
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2 years, 1 month ago
Byju Raveendran pens emotional farewell note to sacked staff
Live Mint
2 years, 1 month ago
Byju’s borrows ₹300 cr from Aakash for ’principal business activities’
Live Mint
2 years, 2 months ago
Byju’s raises $250 mn through rights issue
Live Mint
2 years, 2 months ago
Byju’s to fire 2,500 employees in next six months as it chalks out plan to become profitable
Firstpost
2 years, 2 months ago
Byju’s to layoff 5% employees to become profitable: 10-point cheat-sheet
Live Mint
2 years, 2 months ago
Byju’s looks to lay off about 2,500 employees
Live Mint
2 years, 2 months ago
Byju’s to fire 2,500 staff, designs mega plan to turn profitable by March 2023
Live Mint
2 years, 3 months ago
Byju's clears USD 230 million dues to Blackstone for Aakash acquisition
India TV News
2 years, 3 months ago
Byju's Co-Founder Divya Gokulnath Compares Ed-Tech Firm's Results to 'Brahmastra'; Know Why
News 18
2 years, 3 months ago
Byju’s shifts focus to profitable growth: CEO to employees
Live Mint
2 years, 3 months ago
India’s startup valuation race mustn’t be reckless
Live Mint
2 years, 3 months ago
Byju’s valuation makes no sense to Harsh Goenka; Kiran Mazumdar-Shaw agrees
Live Mint
2 years, 3 months ago
Byju's losses widen to ₹4,588 crore in FY21
The Hindu
2 years, 3 months ago
Byju's May Raise $500 Million in Fresh Round of Funding Within a Week in Efforts to go Global
News 18
2 years, 5 months ago
Tough lessons: Are Byju’s mass layoffs a sign of trouble for India's edtech sector?
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2 years, 5 months ago
Why is Byju’s laying off employees and delaying payments?
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