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BYJU ALPHA UNIT
Kerala HC orders personal appearance of BYJU'S RP, GLAS representative and EY India Chief in alleged contempt caseThe Kerala High Court has summoned BYJU'S Resolution Professional, GLAS Trust, and EY India Chairman to appear on December 5, 2025. This is...- ETtech Explainer: Inside the alleged $533 million heist at Byju’sOliver Chapman, founder and chief executive of the UK-based OCI, claims that Byju’s Alpha diverted $533 million using his firm to another e...
- US court holds Byju in contempt; Apple’s new India-born COOA US bankruptcy court has held Byju Raveendran in civil contempt for ignoring multiple court orders tied to Byju’s US unit. This and more i...
- The downfall of India’s hot startup is wiping out US debtholdersByju's, India’s most valuable startup, faced a corporate collapse after borrowing $1.2 billion in the US. Legal issues arose when $533 mill...
- Byju’s affiliate drained cash from US units in violation of bankruptcy rules: lawsuitA lawsuit in Delaware claims that Byju Raveendran's company illegally transferred nearly $700,000 from US affiliates amid bankruptcy procee...
- A decade of The ET Startup Awards; Social Enterprise winner Haqdarshak’s interviewHappy Wednesday! Ahead of The Economic Times Startup Awards ceremony on October 5 in Bengaluru, we recap a decade of honouring the brightes...
- Ather Energy’s IPO plans; The Economic Times Startup Awards 2024EV scooter maker Ather Energy is preparing to file draft papers next week for a Rs 4,000-crore public issue. This and more in today’s ETtec...
- Byju’s ex-director Riju Ravindran fined $10,000 a day over missing $533 millionAfter imposing the sanctions on Riju Ravindran, US Bankruptcy Judge Brendan Shannon also rejected a request to put the US debt fight on hol...
- US court says Riju Ravindran’s testimony “lacks credibility”, imposes penalty: Byju’s lender groupAn Indian tech firm, Think & Learn Pvt, faces penalties for concealing $533 million from lenders. Riju Ravindran, a director, failed to loc...
- Decoding Paytm’s compliance lapses; Temasek exits PolicybazaarThe leadership of fintech firm Patym on Thursday acknowledged that it may have fallen short on compliance issues, triggering punitive actio...
- Byju's US unit files for bankruptcy in DelawareByju's Alpha unit listed its assets in the range of $500 million to $1 billion, according to a court filing, which showed estimated credito...
- Byju’s rights issue at $500 million valuation; what’s hurting cloud kitchens?Happy Wednesday! Beleaguered edtech major Byju’s finally filed its much-delayed audited FY22 results with the Registrar of Companies. It’s ...
- The downfall of Byju's: How the world’s most valuable learning app became a trapThe group is facing an acute liquidity crunch. Amid mass layoffs and deep losses, the former billionaire founder has sold his homes to pay ...
- Byju’s lenders win fight over loan default, control of unitLenders have been pushing hard for the repayment of the $1.2 billion loan amid the company’s mounting distress after a pandemic-era boom in...
- Apple launches iPhone 15, Watch Series 9; Byju’s hid $533 million in a hedge fund, lenders sayApple unveiled its iPhone 15 series and Watch Series 9 during its ‘Wonderlust’ event Tuesday. This and more in today’s ETtech Top 5.
- Byju’s hid $533 million in hedge fund once run from a Miami pancake shop, lenders allegeIndian ed-tech company Byju's has been accused of hiding $533 million in a hedge fund founded by William C. Morton, who allegedly had no fo...
- Expect further corrections in startup valuations: Prosus CEO Bob van DijkThe froth of the low-interest rate regime hasn’t fully been washed away and the startup ecosystem is likely to see valuations drop further,...
- Byju’s sighs, in relief; Prosus writes off ZestMoney investment; and BGMI’s India returnAfter a long time, it was Christmas at Byju’s as a US court rejected a plea by its Term Loan B (TLB) lenders to probe a $500-million transf...
- Byju’s Alpha accused of hiding $500 million from lendersLenders accused one of India’s hottest tech companies, Byju’s Alpha, of hiding $500 million as part of a fight between creditors and the se...
- Correction just getting started, says Alpha Wave; early-stage deals bloom in ‘funding winter’This, he said, has left the fund perfectly poised to land deals for “outstanding companies at sane prices” as it believes the correction in...
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