How did Byju’s get in trouble with the term loan B?

The edtech firm’s complaint against lenders filed in the New York Supreme Court gives a glimpse of the issues at hand.

Accept my apologies first if you feel like there has been a Byju’s overdose from us this week. But the company is making all kinds of (questionable) moves and has been all over the news in the last five days. Like someone told me earlier this week: “Not a slow news day when Byju’s around.” So without further ado, let’s first sum up the news around the company to give you some context:

Author

Pradip K. Saha

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.

Editor, Newsletters

pradip@mailtmc.com

Delhi