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 ...
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 ...
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 Vs Bankruptcy: Will The Edtech Giant Survive The Existential Insolvency Crisis?

BYJU’S plans to challenge the NCLT order and will file an appeal in Delhi to block the insolvency proceedings, but is this too little and too late? For the first order of business, the interim ...
TechCrunch

Byju’s founder to appeal US court order to pay over $1B in bankruptcy case

Byju Raveendran, the embattled founder of Indian edtech giant Byju’s, has blasted a U.S. bankruptcy court’s order directing him to pay more than $1.07 billion. He is denying wrongdoing, accusing ...
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 ...
Reuters

Indian ed-tech giant Byju's insolvency case fans employees' fears

Firm was once valued at $22 bln in India Fall seen as setback for employees, startup sector Employees weigh legal options, protests Lenders' dispute triggered insolvency case BENGALURU/NEW DELHI, Aug ...
Bloomberg L.P.

Byju’s Ex-Billionaire Founder Hid $506 Million Using UK Firm

Bankrupt Indian education technology firm Byju’s used a UK logistics company to help hide $505.9 million in cash from US lenders, a court filing shows. London-based OCI Limited blamed a former adviser ...
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 ...
Time

BYJU’S

Byju Raveendran, the founder of Indian e-learning startup BYJU’S, knows how to press an advantage. As users of his company’s signature app nearly doubled to 80 million during the COVID-19 pandemic, he ...