GlobalData on MSN4d
BYJU’s, India’s most valuable unicorn, is giving the UK an education in AI technology
Valued at $18bn, Bangalore-headquartered Byju’s is not only the world’s most valuable edtech start-up but also India's most ...
Hindustan Times3d
Byju’s founder Raveendran says missing funds went to legitimate purpose
The founder of Byju’s, a once high-flying Indian education company that defaulted on its US debts, denied that he orchestrated a scheme to fraudulently transfer $533 million away from lenders.
Bloomberg L.P.4d
Byju’s Founder Says Missing Funds Went to Legitimate Purpose
The founder of Byju’s, a once high-flying Indian education company that defaulted on its US debts, denied that he orchestrated a scheme to fraudulently transfer $533 million away from lenders.
moneycontrol.com28d
US lenders counter Byju's claim on debt, says edtech obligated to repay full $1.2 bn Term Loan B
US lenders represented by Glas Trust have countered BYJU's founder Byju Raveendran's claim on verified debt on the company being merely around Rs 20 crore, and have said that the beleaguered ...
inc425d
BYJU’S Accused Of Transfering Funds From US Units In Violation Of Bankruptcy Rules
Citing the court papers, Bloomberg said that a trustee of one of the affiliates of the Byju Raveendran-led company has accused BYJU’S of syphoning off funds to Whitehat Education Technology.
Your Story5d
BYJU’S accused of illegally transferring funds from US units in Delaware lawsuit
A lawsuit filed in a Delaware federal court accuses troubled edtech firm BYJU’S of unlawfully moving funds from its US units, according to a media report. The lawsuit alleges that funds intended ...
Hindustan Times29d
Byju’s US bankruptcy ruling catches Indian official off guard
The development was “surprising” and “in conflict” with insolvency proceedings in India, wrote Pankaj Srivastava, the Interim Resolution Professional of Byju’s A US court ruling that ...
Mint4d
Byju’s Indian Affiliate Drained Cash from US Units, Lawsuit Says
(Bloomberg) -- A software company controlled by Indian entrepreneur Byju Raveendran drained cash from US affiliates in violation of US bankruptcy rules, according to a lawsuit filed Tuesday in ...
Mint4d
Byju’s transferred funds in violation of bankruptcy rules via shell company: Report
Byju's, the embattled tech company controlled by Indian entrepreneur Byju Raveendran, has been accused of illegally transferring funds from its U.S. affiliates, according to a lawsuit filed on ...
inc425d
Missing $533 Mn Used For Legitimate Commercial Purposes: BYJU’S CEO
He, however, added that BYJU’S was hit by a “liquidity crunch” just as the company was “poised to see the returns on these strategic investments”. Raveendran reportedly claimed that the ...
Your Story28d
US lenders counter BYJU'S claim on debt, say edtech firm has to pay entire $1.2B term loan B
US lenders represented by Glas Trust have countered BYJU'S founder Byju Raveendran's claim on verified debt on the company being merely around Rs 20 crore, and have said that the beleaguered ...