Indian tax officials are seeking $101 million from Byju’s, an education-technology company now facing insolvency. Once valued at $22 billion in 2022, Byju’s, supported by General Atlantic, has encountered significant financial troubles due to regulatory challenges and a dispute with U.S. lenders demanding $1 billion in unpaid debts.
Currently managed by court-appointed resolution professional…
The insolvency crisis facing Indian ed-tech giant Byju’s has triggered widespread concern among its workforce, marking a potential upheaval in the country’s startup sector. Once valued at $22 billion and hailed as a leading figure in online education during the COVID-19 pandemic, Byju’s is now embroiled in a major financial dispute with U.S. lenders demanding $1 billion in unpaid…
