Once the poster child of India’s booming startup scene, Byju’s is now facing a sharp decline. The edtech giant has just sold two of its major U.S. assets—Epic and Tynker—for a combined $97.2 million, despite having bought them for nearly $700 million just a few years ago.
These fire-sale deals come amid bankruptcy proceedings in a Delaware court, and they highlight just how far the company…
In a significant turn of events, India’s Supreme Court has struck down a tribunal order that would have allowed Byju’s, the country’s largest online tutoring platform, to settle its debts with a creditor. This decision firmly re-establishes the company’s trajectory towards insolvency and signifies a major setback for its founder, Byju Raveendran.
A High-Profile Setback for Byju’s
The…
Tupperware Brands, the iconic home product manufacturer, has officially filed for Chapter 11 bankruptcy protection, marking a significant turn in the company’s history. Once a staple in American households, Tupperware is now struggling to adapt in a rapidly changing market. Here are three reasons contributing to the brand’s downturn.
1. Failure to Evolve
Tupperware’s inability to adapt to…
The committee of creditors (CoC) for the bankrupt airline Go First has unanimously opted for liquidation, following disappointing bids from potential resolution applicants. A senior executive from a private bank, which holds minimal exposure to the airline, confirmed that the voting process is complete, and the airline is expected to be recommended for liquidation shortly.
The decision comes after…
