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NEW DELHI: Edtech giant Byju’s has plunged deeper into crisis after founder Byju Raveendran was sentenced to six months in prison by a Singapore court in a contempt case linked to alleged non-compliance with court orders regarding disclosure of assets and ownership records.The ruling marks the latest setback for the entrepreneur, who is already battling…
BENGALURU: The Delaware Bankruptcy Court in US reversed its earlier $1 billion default damages judgment against Byju Raveendran and ordered a fresh phase of proceedings to determine whether any damages are owed, according to an amended order issued after Raveendran filed a motion seeking correction. The court held that damages were not determined on the…
Once the face of India’s digital education boom, Byju’s rose from a modest learning app to a global edtech powerhouse valued at $22 billion at its peak. Its branding dominated cricket jerseys, international billboards, backed by aggressive expansion and pandemic-fuelled demand.However, the company that once symbolised India’s growing edtech aspirations is now mired in lawsuits,…
