The fate of a lawsuit filed in the US will determine if the edtech firm’s lenders can stake a claim to some of its assets.
Great Learning could be in trouble. The unfortunate part is that none of it is its fault. The Singapore-based edtech company might get caught in the middle of Byju’s continuing financial woes and become the latest example of how children have to pay for their parents’ sins. But before we get into the details, allow me to introduce to you the third and game-changing character in the story.
Halfway across the world in the US, multinational non-bank loan agency Glas Trust Company Llc has filed a lawsuit against Byju’s Alpha, a wholly owned step subsidiary of Think & Learn, Byju’s …
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.