Davidson Kempner accuses Byju’s of financial misconduct, takes control of Aakash
A potential IPO of the test-prep company could have saved a cash-strapped Byju’s. The latest crisis exacerbates the edtech firm’s financial woes.
We rarely make our stories free to read. This one is, so make the most of it.
We publish over 500 original, detailed stories every year on startups, corporates, stock markets and economic current affairs.
No payment details required
$99 for one year
More in Internet
You may also like
India’s AI-powered classrooms are already here
Google and OpenAI rolling out student-focused AI features shows that higher education in India is facing a fundamental shift.
Byju Raveendran accused of negotiating secret payments with Indian officials while claiming bankruptcy
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.
Does a for-profit motive hurt education?
A popular argument is that we must be wary of private equity investment in education because these funds operate with a profit motive that results in high fees and poor outcomes. This is selective hypocrisy complicated by a lack of choice.