Charges by Raveendran who broke his silence follow post by EY India whistleblower. Amid insolvency proceedings, Byju’s founder said he ‘sold his house, mortgaged family’s future’.
Fighting fires on all fronts — from inability to pay salaries to mismanagement allegations, cases in NCLT & ED probe — Byju's valuation has dropped to $250 mn from $22 bn in 2022.
By M. Sriram MUMBAI (Reuters) - Education technology giant Byju's, one of India's biggest startups valued at $22 billion last year, has run into problems, from lawsuits and auditing issues to layoffs
Byju's is leaning towards a SPAC merger instead of a traditional IPO because it sees value in having U.S. investors and strategic partners, people familiar with the matter said.
Tynker, launched in 2013, offers classes, camps on coding. The company's co-founders Krishna Vedati, Srinivas Mandyam & Kelvin Chong will remain in their roles after the acquisition.
Byju’s is aiming to file its initial IPO documents as early as the second quarter of next year. The startup and its bankers are discussing a valuation of $40 billion to $50 billion.
UCBs accounted for 1.8% of total industry credit in September 2025—down from 2.2% five yrs ago—showing that they are losing ground to faster PSU banks.
This is the game every nation is now learning to play. Some are finding new allies or seeing value among nations where they’d seen marginal interest. The starkest example is India & Europe.
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