Item request has been placed! ×
Item request cannot be made. ×
loading  Processing Request

Ex-Billionaire Loses Control of Byju's in Big Blow to India Tech.

Item request has been placed! ×
Item request cannot be made. ×
loading   Processing Request
Read Online Read More Add to Saved list
  • Additional Information
    • Subject Terms:
      BOARD of Control for Cricket in India; BUSINESSPEOPLE; INVESTORS; LAKE management; COVID-19 pandemic; FUNDRAISING
    • Subject Terms:
      INDIA
    • Abstract:
      Byju's, a prominent Indian edtech startup, is facing insolvency after an Indian court ruled in favor of a petition filed by the Board of Control for Cricket in India, one of its creditors. The court appointed an interim resolution professional to replace founder Byju Raveendran and invited other creditors, employees, and vendors to file claims. This ruling marks a significant setback for Byju's, which was once valued at $22 billion and considered a symbol of India's technology ambitions. The company's financial troubles have been exacerbated by legal issues in both the US and India. [Extracted from the article]
    • Abstract:
      Copyright of Bloomberg.com is the property of Bloomberg, L.P. and its content may not be copied or emailed to multiple sites or posted to a listserv without the copyright holder's express written permission. However, users may print, download, or email articles for individual use. This abstract may be abridged. No warranty is given about the accuracy of the copy. Users should refer to the original published version of the material for the full abstract. (Copyright applies to all Abstracts.)