Tag Archives: ACEDS

BENGALURU, July 25 (Reuters) – Prosus NV (PRX.AS), an investor in Indian educational technology startup Byju’s, said on Tuesday that the troubled company’s directors “regularly disregarded advice” despite repeated efforts by the Dutch-listed technology firm’s former director. Prosus, which this year slashed its valuation of Byju’s to $5.1 billion from …

BENGALURU, July 24 (Reuters) – India’s Byju’s and its lenders, who own more than 85% of the edtech startup’s $1.2 billion term loan, have agreed to work towards amending that loan by Aug. 3, the steering committee of the creditors group said on Monday. The successful execution of the loan …

NEW DELHI/BENGALURU, July 24 (Reuters) – Troubled Indian startup Byju’s has cut down on its office spaces in Bengaluru, two sources told Reuters on Monday, as the company tries to cut costs and ramp-up liquidity. The move comes as the edtech company has already let go of thousands of employees …