Byju's US-based subsidiary has sued its parent company, its founder Byju Raveendran, co-founder, wife, and advisor, for an alleged theft of $533 million.
Byju Raveendran recently announced filing an FIR against Pankaj Srivastava, Glas Trust, along with a few EY employees, alleging being framed for fraud.
Byju Raveendran reiterated claims of being framed for fraud, sharing a video from an online meeting of stakeholders discussing the ongoing legal battle.
Noida-based Edtech PhysicsWallah is in advanced talks about acquiring offline coaching firm Drishti IAS Institute ahead of its initial public offering (IPO).
Byju Raveendran took to his LinkedIn to reflect on his post urging to probe into the EY-Glas collusion and says although his last post was out of rage and resolve, he only feels love and gratitude now.
Byju Raveendran accused Glas Trust, the trustee for Byju’s US lenders, and the interim resolution professional overseeing the company of actively harming it.
Rajan Bajaj, the founder of Slice, earned Rs 12 as his annual salary in FY23, per PrivateCircle Research. Despite regulatory challenges, Slice’s revenue tripled to Rs 847 crore.