BYJU’s gives up all offices across India; retains only headquarters in Bengaluru

The culmination of the rights issue will set the stage for the launch of BYJU’S 3.0, which is the world’s most advanced suite of AI-first products that are aimed at hyper-personalizing education at a global scale. (Image source: Facebook)

As a result of the decision, the company has now mandated that all employees work from home indefinitely, except for those working out of its headquarters and approximately 300 Byju’s Tuition Centres across the country.

Byju’s disburses part of pending salaries for employees; promises to pay the balance from rights issue fund

The culmination of the rights issue will set the stage for the launch of BYJU’S 3.0, which is the world’s most advanced suite of AI-first products that are aimed at hyper-personalizing education at a global scale. (Image source: Facebook)

This comes as the National Company Law Tribunal (NCLT) in its order passed on February 27 directed the edtech company to keep funds received from the rights issue in an escrow account till the disposal of the oppression and mismanagement plea filed by four of the company’s investors.

Young entrepreneurs should learn from Byju’s mistakes: MoS IT Rajeev Chandrasekhar

This was followed by similar questions on former American president Donald Trump and President of Ukraine Volodymyr Zelenskyy.

This comes at a time when some of the most highly valued startups, including Byju’s, Paytm, Ola, and Dream11, have come under fire for a range of issues, casting a shadow on India’s technology and startup ecosystem.

31 out of 100 edtech ads made superlative claims: ASCI report

According to the report, edtech communication was skewed towards traditional and popularly acceptable domains rather than encouraging curious self-learners inclined towards unconventional career choices. (Image by Julian Hochgesang via Unsplash)

Among many other things, the report found that only one in four ads depicted both boys and girls as protagonists. For the role of the single protagonist, boys were chosen 1.8x times over girls.

“Please help me out and give justice to me,” says Byju’s employee in a tearful video

Khemka, an academic specialist revealed she is the sole breadwinner of the house and she would be driven to commit suicide if Byjus does not release all her dues. (Image sourced from Moneycontrol)

Akansha Khemka, an academic specialist said that she is the sole breadwinner of the house and would be driven to die by suicide if Byjus does not release all her dues.

India At 75: BYJU’s Divya Gokulnath on building a new India

Globally, more than 72 million children are not able to gain access to an adequate education. In India, only about 43 percent of the roughly 255 million youth in the 15–25 age group are enrolled in educational institutions, writes Divya Gokulnath. (Representational image via Unsplash)

Divya Gokulnath, co-founder of BYJU’S, writes about building a new India on pillars of technology, education and entrepreneurship