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Context is everything.
Detailed stories on technology startups, business and economic current affairs.
Detailed stories on technology startups, business and economic current affairs.
Amid creditors’ allegations that the missing $533 million from a term loan is being quietly used to settle cases in India, Delaware bankruptcy court grants them unrestricted use of confidential documents to pursue the matter.
The unravelling of Byju’s took a dramatic new turn on Tuesday as lawyers for the company’s creditors told a Delaware bankruptcy court that founder Byju Raveendran may be negotiating private settlements with Indian officials using funds that are under court freeze, despite publicly claiming to have no assets.
The allegations surfaced during a hearing in the Chapter 11 case of Byju’s Alpha, the Indian edtech company’s US subsidiary, according to a court transcript obtained by The Morning Context. Byju’s Alpha raised $1.2 billion through a Term Loan B in November 2021 on behalf of the parent firm, once valued at …
The guy who preyed on your insecurities and sold coding classes for your kids is back to help your loved ones fight cancer. Don’t say we did not warn you.
At the ASU+GSV & Emeritus summit in Gurugram, even as experts rallied behind AI, everyone seems to have forgotten the significant failures in the last five years.
As the beleaguered edtech company fights bankruptcy, a deeper look at how reports by leading consulting firms—meant to serve as independent assessment—instead became a tool to drive up valuations and shield companies from criticism.
