/
•
•
Context is everything.
Detailed stories on technology startups, business and economic current affairs.
Detailed stories on technology startups, business and economic current affairs.
Court testimonies reveal how possible links between Byju Raveendran and a Dubai-based businessman as well as other employees of the beleaguered edtech startup may have allegedly helped transfer control of key US assets undergoing bankruptcy proceedings.
The bankruptcy proceedings of edtech company Byju’s US entities have taken a dramatic turn, revealing a complex web of allegedly unauthorized asset transfers and questionable ownership claims.
Court testimonies and documents indicate alleged attempts by co-founder Byju Raveendran and key associates to change ownership of assets he lost control of after defaulting on a $1.2 billion term loan B.
At the centre of these proceedings is Rajendran Vellapalath, a Dubai-based businessman of Indian origin, and his company Voizzit.
Byju’s had acquired Epic! Creations, Inc., Neuron Fuel, Inc. and Tangible Play, Inc. for hundreds of millions of dollars in the US …
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 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.
