Byju’s Cricket Live – India Cricket Jersey Sponsor: BCCI Offers Byju To Quit In March, Call Sponsor New TITLE At Next Apex Council Meeting: Follow LIVE Updates
Cricket Jersey Sponsor – Byju Indian Cricket Sponsor: BCCI Apex Council Meeting – As reported earlier, BCCI has offered Byju…
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Dream11 Replaces Byju’s As Team India’s New Lead Sponsor
Cricket Jersey Sponsor – Byju Indian Cricket Sponsor: BCCI Apex Council Meeting – As reported earlier, BCCI has given Byju an opportunity to leave 6 months before his contract expires. Byju’s will step down as the sponsor of the Indian Cricket Team in March as the BCCI announces a new offer. Due to legal and financial issues, Byju requested an early termination of the contract from the BCCI. But the BCCI agreed only in March. The new title sponsor will be decided at the next Apex Council meeting. Not only Byju, MPL also wants out, handing over the rights to KKCL. A decision on this will be taken soon. Follow Sports Business NEWS & LIVE Cricket Updates from India
“BCCI received an email from Byju on 4.11.2022 seeking to terminate the association after the recent T20 World Cup. Based on our discussions with Byju, we have requested them to continue with the current system and continue the partnership till at least March 31, 2023,” read a BCCI note on the matter.
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Why does Byju want to quit? It is worth noting that Byju’s has surprisingly extended its deal with BCCI by $55 million till the end of 2023. The troubled edtech company now wants to exit by March 2023.
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The original contract period with BCCI ends in March 2022. According to the new contract between BCCI and Byju, the edtech giant will pay about 10% more than what Oppo pays per game.
The Byju Raveendran-led Unicorn is looking to cut costs as demand for edtech services moderates after two consecutive years of hyperbolic growth.
Any problem with Byju WATER? – Due to financial problems, the Byju company also faced the accusations made by the National Commission for the Protection of Children’s Rights (NCPCR) against the company for buying the phone numbers of children and their parents. The company’s sales representative allegedly threatened their parents that if they didn’t buy their course, they would ruin their future. However, the ed-tech company denied the claims.
“We have learned how Byju buys phone numbers of children and their parents, follows them and threatens them that their future will be ruined. They target first generation students. We will take action and report and write to the government if necessary,” NCPCR Chairman Priyank Kanoongo told ANI.
Turmoil At Byju’s Highlights Hurdles For India Startup Scene
Earlier, Byju’s posted a 17-fold jump in losses to Rs 4,588 crore in FY21. Revenue increased by 4% to 2,280 crore. The company’s advertising and marketing expenses jumped 150% to ₹ 2,251 crore from ₹ 899 crore. In June and October of this year, Byju fired more than 2,500 workers from Toppr, WhiteHat Jr and other services that work in Byju.
In October, tech startup Byju officially announced that it would lay off 5 percent of its 50,000 employees across various divisions.
The Unicorn Tech startup plans to cut 2,500 jobs over the next six months as part of its plan to improve spending and the company’s operating costs across divisions including product, content, media and technology. The Byju organization has already started the process of dismissing the workers and the workers who have been dismissed by giving 15 days notice.
After the decision, Byju founder and CEO Byju Raveendran sent an email to all employees apologizing to all the fired employees.
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It should be noted that in the last few years, Byju’s has become one of the biggest sponsors of cricket. FINANCIAL STATEMENTS ★ ★ ★ ★ ★ ICICI Prudential Large & Mid Cap Fund Direct Pla..5Y Return17.06 % Current Investment FINANCIAL STATEMENTS ★ ★ ★ Canara Robeco Emerging Equities Fund Direct-Grow..5Y Return 15.17 % Current Investment
The three-year deal will see BYJU cover all ICC events during that time, including the upcoming ICC Men’s T20 World Cup in India and the ICC Women’s Cricket World Cup in New Zealand. As a global partner, BYJU’S has extensive location, broadcast and digital rights for all ICC events.
DUBAI: The International Cricket Council (ICC) on Monday announced BYJU’S, India’s leading EdTech company, as its partner from 2021 to 2023.
In addition to an integrated brand presence at some of the world’s biggest sporting events, BYJU’S is working closely with the ICC to deepen fan engagement by creating new campaigns. In August 2019, the company became the shirt partner of the Indian cricket team.
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ICC President Manu Sawhney said: “We are delighted to have BYJU’S as one of our international partners on board and look forward to playing a great game together. Cricket is a game where resilience, determination and determination are key qualities and cooperation. BYJU’S makes it possible. to have the support of a large audience, young and old.”
“BYJU’S has been a big supporter of cricket in India and we are happy to be associated with a strong, young and dynamic Indian brand that inspires millions of students to dream big. We look forward to a successful combination of education and sports.” and we look forward to it. Through this partnership, the youth will be able to reach the hearts and minds of millions of cricket fans,” he said.
Byju Raveendran, Founder and CEO of BYJU’S said, “We are delighted to partner with the ICC for the Cricket World Cup. Sports are an integral part of Indian life and cricket in particular holds a special place in in our hearts. As an Indian company we are proud to represent our nation on such a global platform. Just as the game of cricket inspires billions of people around the world, we as an educational company, hope to inspire the love of learning in every child’s life.”
Don’t miss ET Prime news! Get your daily business updates on WhatsApp. Click here! The Ed-tech platform came on board after receiving support from Chinese mobile phone company Oppo in 2019 through a three-way agreement.
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Byju’s Ed-tech platform maintains its position at the forefront of Indian team jerseys. The BCCI is understood to have extended his contract, which expires this month, until the October to November 2023 ODI World Cup.
“The Apex Council, in its meeting last week, gave the officials an opportunity to negotiate after the company requested an extension. After discussions, it has been decided to continue as sponsors on the revised terms,” a BCCI official said on Monday.
Under the new agreement, Byju’s will pay BCCI about 10% more than the current value. This will save BCCI from looking for valuable business in the market. In 2019, Byju’s took over the Indian cricket jersey sponsorship from Oppo through a three-way agreement. He inherited the old contract value of ₹ 4.61 crore per two matches and ₹ 1.51 crore per match for the ICC event. Oppo’s original five-year contract (2017-2022) with BCCI is ₹ 1,079 billion.
Byju’s decision to stay with Indian cricket is a sign of the company’s strategic decision to focus on international cricket. Ahead of last year’s T20 World Cup held in the United Arab Emirates, they also signed an agreement with the ICC to become their international partners until the 2023 ODI World Cup in India.
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With the contract extension with the BCCI, India will continue to be the shirt sponsor for the events, this year’s T20 World Cup in Australia and next year’s ODI World Cup.
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Newsletters, alerts and tips Get exclusive news and exciting offers. Bookmark the articles you want to read later. We are all ready to go with the first BYJU’S Xcel program live on Saturday, May 7, 2022. This is your chance to learn a variety of skills from the best of the best!
In our first session, we give you an opportunity to develop a winning mindset and learn from one of India’s greatest cricketers, Padma Sri and Arjuna awardee and ‘4th. from god innings” – by VVS Laxman. It teaches you to develop depth and flexibility, manage yourself strategically, and take the necessary steps to achieve your goals. Register for a session by clicking the link below.
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After the session, you can win exciting prizes if you participate in BYJU’S Xcel Challenge. You must do the following:
Arya C, a 4th grader, spoke about moving from the US to India and how BYJU`S helped her. He also likes how BYJU`S makes learning more fun.
Meet Sourabh who has many things
