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 seeks new funding at less than $2 billion valuation, a 90% drop

Byju’s, once valued at $22 billion, is willing to cut its valuation to below $2 billion as it hunts for new funding, a person familiar with the matter told TechCrunch. The Bengaluru-headquartered ...
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 ...
Mint

Byju's insolvency: NCLT reinstates Glas Trust as financial creditor, ejects resolution professional

NEW DELHI: The National Company Law Tribunal on Wednesday reinstated Glas Trust Co. Llc and Aditya Birla Finance Ltd as Byju's financial creditors, in a major setback to the edtech company as the two ...
Dataquest

Why did Byju’s Release another Public Statement?

Byju’s issues another public notice in two days, as it battles financial and governance issues. The edtech giant that was once valued at $22 billion is now worth around $8.4 billion. Byju’s has a $1.2 ...
brandequity.economictimes.indiatimes

Troubled Byju’s Forced to Sell US Assets Epic and Tynker for a Song

Byju's is divesting its US assets at significantly reduced prices due to creditor pressure amid bankruptcy proceedings. Tynker was sold to CodeHS for $2.2 million, a fraction of the $200 million ...
The Financial Express

Byju’s troubles grow: Raveendran takes battle against lenders, over debt and BCCI deal, to court

Byju’s, once a leading edtech company, is caught in a legal and financial battle over its debts and an unpaid sponsorship deal with the Board of Control for Cricket in India (BCCI). The company’s ...
Mint

Byju’s insolvency: Brothers move court to keep creditors away from ₹158 cr settlement

Riju Raveendran, a suspended director of embattled edtech firm Byju’s, has approached the bankruptcy appeals court to prevent its creditors from deciding on a ₹158 crore settlement with India’s ...
Your Story

BYJU’S Alpha's missing $533M: Outsourcing co CEO alleges roundtripping in sworn declaration

In a new development in the long-running dispute over the missing $533 million from BYJU’S Alpha, a fresh filing by GLAS Trust in the Delaware Bankruptcy Court laid out how the funds were allegedly ...
Your Story

BYJU’S’ US bets Epic, Tynker sold for pennies on the dollar

For BYJU’S, once the poster child of the Indian startup ecosystem, troubles continue as a group of term loan lenders have sold two US-based companies it had acquired in 2021 in a bid to recover funds, ...
The New Indian Express

Byju's term loan lenders sue founder Raveendran for $533 million 'theft' in US court

BENGALURU: Byju's term loan lenders have filed a lawsuit against founder Byju Raveendran, his wife and co-founder Divya Gokulnath and Anita Kishore (former chief strategy officer) in a US bankruptcy ...