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Byju’s founders plan $2.5 billion lawsuit against Glas Trust, others for reputational damage
Byju’s founder Byju Raveendran and his wife Divya Gokulnath are planning to sue Glas Trust and other lenders to the edtech firm seeking $2.5 billion in damages for alleged reputational harm, their ...
US-based creditors of BYJU’S have pushed back against founder Byju Raveendran’s claim that the verified debt on the beleaguered edtech startup is INR 20 Cr only The lenders represented by Glas Trust ...
The talks were reportedly called off after the creditors moved to court accusing BYJU’S of hiding $500 Mn of funds raised BYJU’S raised $1.2 Bn term loan B in 2021 and was in negotiations with the ...
Byju’s, once valued at $22 billion, is willing to cut its valuation to below $2 billion as it hunts for new funding, a person familiar with the matter told TechCrunch. The Bengaluru-headquartered ...
Indian edtech giant Byju’s has filed a complaint in the New York Supreme Court to challenge the acceleration of the $1.2 billion term loan B, calling their demands for prepayment of the entire amount ...
BENGALURU, Sept 11 (Reuters) - Indian edtech startup Byju's, which is grappling with multiple legal and financial woes, has proposed to repay its entire $1.2 billion term loan in less than six months, ...
NEW YORK--(BUSINESS WIRE)--The steering committee (the “SteerCo”) of ad hoc term loan lenders, who collectively own more than 85% of BYJU’S $1.2 billion term loan, today announced that it and BYJU’S ...
March 2 (Reuters) - Indian edtech startup Byju's is unable to pay staff because it can't access recently raised funds due to a legal dispute with some of its investors, founder and CEO Byju Raveendran ...
Creditors to Byju’s, India’s most valuable startup, have pulled out of negotiations with the company to recast a $1.2 billion loan, posing a new setback to the beleaguered tech firm, according to ...
BENGALURU, Sept 11 (Reuters) - Indian edtech startup Byju's, which is grappling with multiple legal and financial woes, has proposed to repay its entire $1.2 billion term loan in less than six months, ...
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