Foreign investors in Byju’s have urged India’s Supreme Court to hear their concerns as judges decide on the future of the insolvent education tech firm, a legal filing shows.
New Delhi: Foreign investors in Byju’s, including General Atlantic, have urged India’s Supreme Court to hear their concerns as judges decide on the future of the insolvent education tech firm, a legal filing shows.
Valued at $22 billion in 2022, Byju’s became popular by offering online training courses during the COVID-19 pandemic, but is now locked in a dispute with U.S. lenders seeking $1 billion in unpaid dues – a case that has triggered its insolvency.
The latest move by Byju’s investors could potentially complicate efforts by founder and CEO Byju Raveendran to…
