Modern technology gives us many things.

Edtech giant Byju's, founder under the radar of India's financial crime agency

Η υπηρεσία καταπολέμησης του εγκλήματος της Ινδίας ερεύνησε τρεις εγκατασ του γίγαντα edtech Byju's και του ιδρυτή Raveendran, δήλωσε το Σάββατο, και κατέσχεσε διάφορα «ενοχοποιητικά» έγγραφα και ψηφιακά δεδομένα.

The Enforcement Directorate said it was conducting the investigations under provisions of the country's anti-money laundering law, but declined to elaborate. The agency has carried out several similar investigations in recent months, including crypto firm WazirX, phone company Vivo and the BBC news station.

Η Byju's με έδρα το Μπανγκαλόρ, η οποία είναι η πιο πολύτιμη της Ινδίας και η οποία περιλαμβάνει τις BlackRock, Sequoia India, Lightspeed Venture Partners India, UBS μεταξύ των υποστηρικτών της, χαρακτήρισε τις έρευνες ως «έρευνα ρουτίνας» και δήλωσε ότι η εκκίνηση διατηρεί πλήρη διαφάνεια με τις αρχές.

“We have nothing but absolute confidence in the integrity of our operations and are committed to the highest standards of compliance and ethics. We will continue to work closely with the authorities to ensure they have all the information they need and we are confident this matter will be resolved in a timely and satisfactory manner. We want to emphasize that it is business as usual at Byju's," said a spokesperson for Byju's legal team.

"We are committed to providing high quality education and to our customers across India and the world. We remain focused on our mission to transform the way students learn and prepare for their futures.”

The ED's statement comes at a time when Byju's is closing a major round of funding and preparing for the IPO of its physical teacher chain subsidiary Aakash.