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The fundraise by cash-strapped Byju’s—at a staggering 99% drop from its $22 billion valuation—has put investors at loggerheads with the founder and his family and sparked calls for them to step away from the board.

The retired banker wants India’s top companies to invest in AI. But the capital, ambition, and urgency simply aren’t there.
While the regulator’s interim order alleges massive irregularities, the long arc of unfinished probes, hearings and appeals makes closure distant.
As growth in equities cools, asset managers are looking to embed themselves in payrolls, payments, and credit. This raises their influence, but also the stakes.