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BYJU'S Senior Vice President for international business Cherian Thomas has resigned from the company and will now helm US-based Impending Inc. As the CEO, Thomas will focus on building and scaling the product portfolio, while strengthening and growing a global talent pool, Impending Inc said in a statement. A mail sent to BYJU'S did not elicit any response. A source familiar with the matter confirmed Thomas' departure, but did not comment on his successor.
BYJU'S has rolled back the decision to relocate 140 employees at one of its offices in Kerala after founder Byju Raveendran's meeting with chief minister P Vijayan and announced plans to hire 600 people in the state. The edtech major gave an option to all its 140 staff working at TVM product development centre in Thiruvananthapuram to relocate to Bengaluru as it was planning to shut down the Thiruvananthapuram office as part of its cost optimisation strategy.
Edtech major BYJU'S has raised USD 250 million (about Rs 2,000 crore) from its existing investors, including Qatar Investment Authority, in a fresh funding round, the company said on Monday. The funding round follows BYJU'S recent announcement to become profitable by March 2023. "BYJU'S raises USD 250 million in a fresh funding round. Existing investors, including QIA, (were) part of this round," the company said in a statement.
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