7 stories found
Once the world's most valuable education technology company during the pandemic, the Indian learning app Byju's has seen its valuation collapse, with its founder now facing potential imprisonment.
The founder of the Indian educational technology company Byju's has been handed his first ever jail term in Singapore.
The education start-up Byju's has collapsed, leading to US court sanctions and raising concerns over India's tech sector. Authorities are now searching for missing funds.
A Singapore court has paused its order against Byju's founder Raveendran in a contempt case, which had previously required his appearance on June 15.
Byju's, once a leading Indian edtech company, faces a deepening crisis as its founder is sentenced, following a period of delayed audits, mounting debt, and investor discontent.
Byju Raveendran, founder of the Indian edtech giant Byju's, has been sentenced to six months in jail by a Singapore court for contempt of court. Raveendran has stated that there was no wrongdoing on his part and described the narrative as false and one-sided.
Indian edtech startup Byju's, once valued at $22 billion, is grappling with a collapse and is embroiled in a global courtroom saga over its financial and operational troubles.