Byju's founder faces insolvency process for India's biggest ed-tech startup due to financial mismanagement and compliance issues.

Byju's founder, Byju Raveendran, faces a reckoning after India's biggest ed-tech startup crashes from a $22bn valuation to below $2bn. The 44-year-old lost control of the company after a tribunal kick-started an insolvency process due to financial mismanagement and compliance issues. The once high-flying company was unable to pay $19m in sponsorship dues to India's cricket federation, leading to a tribunal suspension.

July 22, 2024
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