Once the brightest star in the Byju’s universe, the test-prep company is fast losing its cachet, leaving its biggest investor with no exit options.
Pradip K. SahaSubscribe to read this story
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As the beleaguered edtech company fights bankruptcy, a deeper look at how reports by leading consulting firms—meant to serve as independent assessment—instead became a tool to drive up valuations and shield companies from criticism.
The Bengaluru-based edtech company seems to have flogged its US assets multiple times over the years, putting a question mark on the ownership of the entities that stood guarantee for its $1.2 billion term loan.
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.