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TIMOTHY POHL
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...- 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...
- Sebi nod for Swiggy IPO; US court holds Byju’s in defaultThe top court in Delaware has held that Byju’s defaulted on a $1.5-billion loan from US lenders. This and more in today’s ETtech Top 5.
- Delaware Supreme Court holds Byju's in default of $1.5 billion loanThis means the lenders can demand a full repayment from the troubled edtech firm and take control of Byju's US entity, Byju's Alpha. This i...
- 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...
- Byju’s lenders accused of using bogus loan-default claimsThe distressed-debt lenders are “playing hardball” to create leverage in negotiations to restructure the loan and causing problems for Byju...
- 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...
- Delaware court spikes Byju’s TLB lenders’ plea to investigate $500 million transferDuring the hearing, the counsel representing the defendants submitted that access and control of three bank accounts that the company uses,...
- Byju’s lenders scrap talks to recast $1.2B loan; Janus Henderson cuts PharmEasy valuation furtherByju’s woes seem to have no end. The company has suffered a series of setbacks over the last year, including ED raids and valuation markdow...
- Zomato trims Q4 losses, aims to turn fully profitable in a year; Delhivery quarterly revenue slips, loss widensTwo important financial results were released today in the listed technology world. Zomato’s revenue rose 70% as it cut losses during the f...
- Byju’s denies allegations against US arm, says transfers fully compliant with credit agreementThe fund transfers “did not contravene any terms of the parties’ credit agreement and the agreed-upon rights and responsibilities”, Byju’s ...
- 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...
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