India’s largest edtech company continues to face challenging business circumstances.
The wheels are slowly coming off Byju’s growth story. The Morning Context has learnt that India’s largest edtech company, which is valued at $22 billion, hasn’t paid several of its vendors for months. Some of the payments are due since March and there is trouble with their clearance. In the eight months to October 2022, cumulative dues to vendors have crossed Rs 90 crore.
The Bengaluru-based company, for instance, owes Amazon Web Services more than Rs 26 crore, including GST, for its services. It also owes more than Rs 20 crore each to messaging platform Gupshup and the real-time engagement …
Pradip is a co-founder at The Morning Context and leads our newsletters vertical. He has previously worked at The Ken as a staff writer, at Mint as an assistant features editor and the Deccan Chronicle as a copy editor. He works with a slew of expert newsletter writers across subjects and domains. His own writing spans the gig economy, farmers caught in the crossfire of technology, global warming and parents trapped in the edtech wave. Some of his best stories have come at the intersection of technology and human endeavour.