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Byju’s, which offers services in 21 countries and has 150 million students as members, typically prices its programmes from $100 to $300, many sold on loans | (Photo: Reuters)
The insolvency of Indian education technology company Byju’s threatens to be the biggest upset in a celebrated startup sector, unleashing a long battle by thousands of panic-stricken employees to recover dues and protect their careers.
Once a darling of global investors, 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 US lenders seeking $1 billion in unpaid dues.
Reuters interviews with…
