From $22 billion to zero: Success, not failure, brought Byju downByju's, once a $22 billion edtech giant, has collapsed. Founder Byju Raveendran faces jail for contempt. The company's downfall stems from ...
27 May, 2026, 02.40 PM IST
From billionaire to jail: Why Byju Raveendran is facing prison and how $22B startup with SRK & Messi as ambassadors crashedByju's founder Byju Raveendran has been sentenced to six months in jail by a Singapore court for contempt of court. The court cited his dis...
27 May, 2026, 11.33 AM IST
Lightspeed eyes new India fund, plans smaller corpus of $300–350 million amid AI focusThe venture capital firm, which was initially looking to raise as much as $500 million for its fifth India fund, has now cut the target siz...
13 May, 2026, 10.10 AM IST
UpGrad to acquire Unacademy for Rs 2,055 crore, 90% below peak valuationAfter on-again, off-again talks, Ronnie Screwvala-run edtech firm UpGrad is acquiring UpGrad in a cut price deal. UpGrad is also raising an...
05 May, 2026, 12.02 AM IST
Byju’s crisis timeline: From edtech giant to fighting legal battlesByju’s, the once celebrated edtech giant, has found itself embroiled in a prolonged legal and financial crisis. Delayed audits, funding sho...
25 Oct, 2025, 07.34 PM IST
US lenders’ representative Glas Trust rejects Byju Raveendran’s allegations of fraud, collusionGlas Trust, representing US lenders of $1.2 billion to Byju's, denied allegations of collusion and fraud by founder Byju Raveendran, callin...
10 Apr, 2025, 12.30 PM IST
Byju’s founder files FIR against former resolution professional, EY, Glas TrustByju Raveendran, founder of Byju's, has filed an FIR against ex-resolution professional Pankaj Srivastava, Glas Trust (Byju's US lenders), ...
08 Apr, 2025, 06.21 PM IST
No stay on NCLT order for CoC vetting of BCCI-Byju’s dealRavindran moved the appellate tribunal to block the CoC from taking up an application filed by the Board of Control for Cricket in India (B...
19 Feb, 2025, 07.43 PM IST
SC reserves verdict on plea against NCLAT order stopping insolvency proceedings against Byju'sThe bench, also comprising Justices JB Pardiwala and Manoj Misra, considered the plea of US firm Glas Trust Company LLC and asked the IRP n...
26 Sep, 2024, 01.20 PM IST
SC to hear Glas Trust's plea over insolvency proceedings against Byju's on September 17The Supreme Court will hear an appeal by US-based Glas Trust Company LLC against a judgment that stayed insolvency proceedings against BYJU...
11 Sep, 2024, 11.26 AM IST
Indian tax authorities seek $101 million in Byju's insolvency processIndian tax authorities are seeking $101 million from Byju's, once India's biggest startup now facing insolvency. Backed by General Atlantic...
07 Sep, 2024, 09.20 AM IST
Tax authorities seek $101 million in Byju's insolvency processBacked by General Atlantic, Byju's was valued at $22 billion in 2022, but has seen its fortunes dwindle due to many regulatory issues and m...
06 Sep, 2024, 09.58 PM IST
SC agrees to list plea related to insolvency proceedings against Byju'sThe Supreme Court has agreed to an early hearing of Glas Trust Company LLC's appeal against the NCLAT's decision to stay insolvency proceed...
06 Sep, 2024, 11.44 AM IST
Facing insolvency, Byju's hit with new challenge from lendersByju's CEO Byju Raveendran wants the insolvency quashed as his cofounder brother decided to pay the cricket board, settling the matter. Rav...
02 Aug, 2024, 12.21 PM IST
Karnataka HC to hear Byju’s plea against NCLT’s insolvency order on July 31The NCLAT has listed Byju’s petition for hearing on Monday. Earlier, Raveendran had filed a writ petition in the HC to suspend the NCLT ord...
26 Jul, 2024, 10.02 PM IST
Byju's faces total shutdown if insolvency proceeds: CEO Byju RaveendranByju's, valued at $22 billion, may shut down due to insolvency, stated CEO Raveendran. Byju's, backed by investors like Prosus and General ...
19 Jul, 2024, 06.30 PM IST
NCLT issues notice to Byju’s in insolvency case filed by a BPO service providerTeleperformance alleges that Byju has defaulted on payment of Rs 4.82 crore, excluding Rs 21 lakh interest to the company in lieu of busine...
07 Feb, 2024, 03.45 PM IST