Hosted on MSN

Byju’s crisis timeline: From edtech giant to fighting legal battles

The Bengaluru bench of the National Company Law Tribunal (NCLT) has dismissed a plea by Byju’s parent company, Think & Learn, seeking an interim stay to stop Aakash Educational Services from holding ...
Yahoo

Byju's, once valued at $22 billion, faces insolvency proceedings

Add Yahoo as a preferred source to see more of our stories on Google. An Indian tribunal court on Tuesday initiated insolvency proceedings for Byju's, once India's most valuable startup, in response ...

Byju's offloads US assets at steep loss amid mounting financial crisis

Byju's subsidiaries Epic and Tynker were acquired by TAL Education and CodeHS for $95 million and $2.2 million after a 48-round auction, as a part of ongoing bankruptcy proceedings in the US ...
Hosted on MSN

Byju’s rise and fall: One edtech giant’s unravelling – A lesson for many

Once the face of India’s digital education boom, Byju’s rose from a modest learning app to a global edtech powerhouse valued at $22 billion at its peak. Its branding dominated cricket jerseys, ...
inc42

BYJU’S: An Empire That Was

The odds are stacked against BYJU’s founders Byju Raveendran and Divya Gokulnath, and it all seems to be going awfully wrong for the edtech giant that once was a poster child for Indian tech While the ...
TechCrunch

Byju’s founder says his edtech startup, once worth $22B, is now ‘worth zero’

Byju Raveendran, the founder of the embattled edtech group Byju’s, acknowledged on Thursday afternoon that he made mistakes, mistimed the market, overestimated growth potential, and that his startup, ...
inc42

BYJU’S 3.0: Can Byju Raveendran’s Latest Plan Save The Edtech Giant?

Arjun Mohan’s seven-month stint as BYJU’S India CEO coincided with one of the most tumultuous periods for the edtech giant, with a major battle with investors and multiple legal challenges As the ...
Bloomberg L.P.

Byju’s Ex-Director Fined $10,000 a Day Over Missing $533 Million

A suspended director of the troubled Indian educational tech firm Byju’s must pay $10,000 a day until he helps locate $533 million that his company is accused of hiding from US lenders, a judge said ...
Bloomberg L.P.

Judge Says Byju’s Official Broke Duty to Lenders by Hiding Cash

Follow Bloomberg India on WhatsApp for exclusive content and analysis on what billionaires, businesses and markets are doing. Sign up here. A top official of Indian tech firm Byju’s violated his ...
Business Wire

U.S. Bankruptcy Court Finds Riju Ravindran, Camshaft Capital, and Think & Learn Responsible for Defrauding BYJU’s Alpha and Its Lenders

NEW YORK--(BUSINESS WIRE)--The steering committee of the ad hoc group of term loan lenders (the “Lenders”) of the $1.5 billion Term Loan B (the “Term Loans”) provided to BYJU’S Alpha, Inc. (“BYJU’s ...
TechCrunch

Byju’s, once valued at $22 billion, faces insolvency proceedings

An Indian tribunal court on Tuesday initiated insolvency proceedings for Byju’s, once India’s most valuable startup, in response to a petition from the country’s cricket board. The ruling effectively ...