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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.
Acting on a petition filed by BCCI over unpaid dues, the tribunal appoints a resolution professional to oversee the edtech firm until a buyer can be found.
Think and Learn Pvt. Ltd, the parent company of embattled edtech firm Byju's, has been admitted to the insolvency resolution process by the National Company Law Tribunal. The NCLT decision followed a petition filed by the Board of Control for Cricket in India (BCCI) over allegedly unpaid dues of Rs 158 crore.
BCCI had dragged Byju’s to the tribunal in September last year over a dispute regarding the sponsorship of the Indian cricket team’s jerseys. Read: BCCI drags Byju’s to NCLT.
The edtech company took over the sponsorship of the Indian cricket team’s jersey in 2019 from Chinese smartphone …
Co-founders Alakh Pandey and Prateek Maheshwari made Physics Wallah the company it is today by keeping their focus on the digital media, test-prep business. With fresh funds at its disposal after the IPO, it is making the mistake of believing it is an education company.
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.
The tyre maker is betting big on visibility and fan sentiment, but whether the payoff matches the price remains to be seen.
