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Context is everything.
Detailed stories on technology startups, business and economic current affairs.
Detailed stories on technology startups, business and economic current affairs.
The beleaguered edtech company is teetering on the edge of bankruptcy, with investors blocking all possible exits. Meanwhile, the co-founder is tucked away in Dubai, miles away from the mess.
The showdown between Byju Raveendran and his company’s investors seems to be in its final act. For months now, financial investors have blocked the edtech startup’s rights issue, while operational investors have tried to initiate insolvency proceedings against the company. Their only goal: salvage what is left and pay off liabilities.
And the needle seems to have finally moved.
On 16 July, the National Company Law Tribunal (NCLT) admitted an insolvency plea by the Board of Control for Cricket in India (BCCI) against Byju’s over allegedly unpaid dues worth Rs 158 crore, or around $19 million. This kicked off insolvency …
The UAE-based school operator is making a move into Saudi Arabia as it enters its biggest expansion phase yet.
The investment signals a shift from structured learning to bite-sized, bingeable learning that mixes entertainment with education. But can it deliver real-world skills?
Aggressive accounting, failed acquisitions and soaring customer acquisition costs lurk beneath India’s first edtech IPO.
