Operating liabilities pile up to Rs 2,000 crore at Byju’s
There’s little clarity about how the beleaguered edtech company plans to pay off the mounting dues, even as its founders remain unscathed.
Subscribe to read this story
We publish over 500 original, detailed stories every year on startups, corporates, stock markets and economic current affairs.
$99 for one year
Not ready to subscribe? Sign up for a free account
We value our free readers. Read 100+ stories every year.
More in Internet
You may also like
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.
Pakistan’s failed startup promise, competition force Careem’s exit
The most popular startup of the Middle Eastern region just exited its decade-old operation in the country, citing competition and macro challenges. Both these reasons need to be unpacked and understood separately.
