Byju’s American dream ends in a fire sale

Tynker and Epic, on whose acquisition Byju’s spent over $700 million, fetch less than $100 million in a court-ordered auction in the US.

June 09, 20252 min
0
Byju’s American dream ends in a fire sale

You may also like

Internet
Story image

Gaurav Munjal to finally exit Unacademy

In the making for many months now, the final outcome at the edtech startup is an instructive episode for both founders and venture investors on when they must let go.

Business
Story image

EaseMyTrip Q1 announcements show obfuscation, more pointless acquisitions

The online travel aggregator’s growth struggles get worse, even as it announces worryingly pointless acquisitions instead of setting its house in order. There’s no respite for its public shareholders.

Internet
Story image

Byju Raveendran accused of negotiating secret payments with Indian officials while claiming bankruptcy

Amid creditors’ allegations that the missing $533 million from a term loan is being quietly used to settle cases in India, Delaware bankruptcy court grants them unrestricted use of confidential documents to pursue the matter.