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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 edtech giant is stuck with a rising pile of unpaid loans of customers who have cancelled courses even as its founders scour the globe in search of a saviour.
“We were always told, teachers don’t cheat people. If teachers start defrauding, where will we go,” says P over the phone from Jammu. “I saved every penny and put all into my child’s education. And now I am stuck. My child isn’t going to classes. My money is gone. My credit rating has been destroyed.”
P paid almost Rs 40,000 (down payment + first equated monthly instalment) in June 2022 to enrol his child in a batch at a Byju’s Tuition Centre. That is a month’s salary for him. He also took a Rs 2.3 lakh loan from education-focused financial …
