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, ...
Byju’s, the once celebrated edtech giant, has found itself embroiled in a prolonged legal and financial crisis. Delayed audits, funding shortfalls, debt disputes, insolvency proceedings, and ...
A software company controlled by Indian entrepreneur Byju Raveendran drained cash from US affiliates in violation of US bankruptcy rules, according to a lawsuit filed Tuesday in federal court in ...
NEW DELHI, July 22 (Reuters) - Byju Raveendran, an Indian mathematics whiz who soared from teacher to startup billionaire before his education-technology company imploded this year, now faces his ...
The ed-tech giant Byju's primary learning app has been removed from Google Playstore following payment defaults to Amazon Web Services, industry sources, quoted by PTI have said. Other applications ...
NEW DELHI, Aug 2 (Reuters) - Insolvency proceedings against India's Byju's were quashed by an appeals tribunal on Friday in a big win for founder Byju Raveendran but a setback for U.S. lenders that ...
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 ...
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Bottom line: Once a celebrated edtech company in India, Byju's serves as a stark reminder of how quickly fortunes can change in the high-stakes world of tech startups. It's a narrative that will ...
In related orders in an action to recover over $500 million in alleged fraudulent transfers arising out of the bankruptcy of an education technology company, the U.S. Bankruptcy Court for the District ...
The consortium of the troubled edtech startup’s lenders also termed the move an “attempt to distract” from facts Glas Trust alleged that judgments exceeding $533 Mn have been entered against ...
EY (Ernst and Young) Restructuring reportedly resigned from its role of advisor to the IRP during the first meeting of the CoC This comes amid IRP Pankaj Srivastava getting dragged to courts by ...