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

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 ...
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, ...
Bloomberg L.P.

Byju’s Affiliate Drained Cash from US Units, Lawsuit Says

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 ...
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

Byju's insolvency quashed by Indian appeals tribunal

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 ...
Reuters

Byju's US lenders appeal insolvency-quashing order before India's top court

DELHI/BENGALURU, Aug 9 (Reuters) - Some overseas lenders to India's Byju's have appealed to the country's apex court opposing a verdict that had quashed insolvency proceedings against the embattled ...
TechSpot

Once India's hottest startup, Byju's admits mistakes as company plummets from $22 billion to zero

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 ...
Business Insider

A once-hot startup got a $1.5 billion loan. More than $500 million went to a high school dropout's 'sham' hedge fund, judge rules.

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inc42

BYJU’S Cofounders’ Defamation Suit Desperate & Meritless: Glas Trust

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 ...
inc42

BYJU’S Resolution Professional Ousts Glas Trust From Committee Of Creditors

IRP Pankaj Srivastava took the step after concluding that Glas Trust did not represent the minimum 51% of lenders in the consortium, which provided the $1.2 Bn TLB Meanwhile, Glas Trust has moved the ...
JD Supra

Delaware Bankruptcy Court Sides with Trustee in Two Related Orders in $500 Million Fraudulent Transfer Action Arising out of BYJU’s Bankruptcy

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 ...