https://www.moneycontrol.com/news/business/startup/byjus-skips-rs-45-50-cr-payments-to-salesforce-and-other-data-management-tools-employees-lose-access-11294101.html

Please don't give me a news link. I'm one of them writing such news.

Journalist

Product Manager

Software Engineer

Welcome to Indian Startups's Private Community

What's happening with access to Salesforce, Tableau, and Tooljet at BYJU'S. Has it been restored? Partial vendor payments made ?

What's happening with access to Salesforce, Tableau, and Tooljet at BYJU'S. Has it been restored? Partial vendor payments made ?- Grapevine

Is BYJU’S still live?  Do employees get their salaries paid on time?

Office Assistant

The new head of HR who came from Infy  has been given a mandate to clean up the house and there are multiple people ( still) drawing salaries upwards of 50 Lakh to 2 Cr who have been asked to move out if they have not moved out already .

Even one of Byjus Relatives in a head role has been asked to move out

Byjus Next Round - CTO, CPO and multiple VPs and Business Heads

Growth Manager

Welcome to Office Gossip's Private Community

What is even happening there? As per newspaper article from today

https://www.thehindubusinessline.com/companies/byjus-hasnt-paid-pf-money-for-months-show-epfo-data/article67008329.ece/amp/

Byju’s hasn’t paid PF in months apparently?

Product Designer

Welcome to News Discussion's Private Community

NCLT has frozen Byju's bank accounts. A big blow not to Byju's, but to those waiting for salaries and payouts. This process usually takes petitions in court to resolve and isn't straightforward.


 https://timesofindia.indiatimes.com/business/india-business/fresh-trouble-for-byjus-as-nclt-blocks-rights-issue/articleshow/110979870.cms

Byju's bank accounts frozen

Product Owner

First the audit report got delayed. Now they’ve reported a loss of over 4.5k cr. And I believe they’re like a mothership of edtech, if they gone down then the entire category goes down from an investment perspective

What’s happening with byjus?

Software Developer

Just heard that Byjus is about to close $250 million funding. Can someone confirm if this is true?

Byju's about to close $250 million funding

Engineering Manager

> Byju's was their top client, after Byju's lost its glory - LSQ lost business and is on the same path as Byju's.
> They are firing freshers who are in the system for just 1 month
> LSQ founder has started another company

Anyone who can throw more light?

LeadSquared stopped processing Vendor Payments!

Founder

First, they had a layoff.
Lot of good people quit including great people
Then, they had a second lay off 
Some  great people in the leadership quit.
Middle management people are quitting every day.
Only engineers and other people who are not able to get jobs are remaining 
They shut down majority of US acquisitions
They are trying to sell some of them like Tynkr and Epic
Not able to raise funding till now even though trying since December 
Sales is down 90% 
New Inside Sales process is not working 
They are out of runway.

Byjus may shut down

How is Byju’s doing?

Have been a sales guy from more than 4 years now. During the bull market, the perks were amazing. 

Shit has hit the fan rn, most of the folks aren’t getting full and final settlement.  Appraisals and increments are on hold indefinitely. Haven’t received arrears from a long time, even after multiple commitments from the management.  Haven’t received sales incentive from last 3 months. 

Start finding new roles :/, we’re all f.

My experience with Byjus

Name of company
Months left according to you
Reason

For me:

Byjus
7-8 months max
Selling tabs and doing fraud with poor parents 
In name of edtech doesn't work

Which indian startup do you believe will die soon and why do you believe it

Did anyone in byjus get any appraisal ? There has been no communication whatsoever

Byjus

Support Specialist

Is there anyone here still working at BYJU's? What is happening at the company anymore?

Pending payments
Aws: 56 cr
Salesforce: 16cr
Code.org - 48 Cr
Term loan B - (9800 cr )1.2 Billion dollars
BCCI - 160cr
More than 10k pending FnF settlements pending totalling to 78 cr
Assets freezed by various vendors - 12 cr
8 months pending PF - 98 cr
Pending rent payments of offices: 15.5 Cr
Loan defaults and frauds/bad loans: 130cr
Other vendor payments/defaults/frauds : 10 cr



Companys current valuation: (8300 cr) 1 billion dollars.

[With Proofs] Byjus filing bankruptcy by May 2024

https://www.ndtv.com/business-news/byjus-faces-total-shutdown-if-insolvency-proceeds-says-ceo-byju-raveendran-6141875

Byju’s on the verge of shutdown

Chartered Accountant

Tech team in gurgaon office thrown out and office laptop seized by the Incuspaze space partner due to payment issues. Employees are being asked to work from home even without a company laptop.

Pls share if anyone has some new information on the issue or about BYJUS in general.

What's happening with access to Salesforce, Tableau, and Tooljet at BYJU'S. Has it been restored? Partial vendor payments made ?

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