Meet man who once built Rs 183000 crore ed-tech company, then faced insolvency, lost billionaire tag has now said…

The company saw exponential growth during the COVID-19 pandemic, reaching a peak valuation of $22 billion ((around Rs 1,83,000 crore) in 2022. However, aggressive expansion through costly acquisitions and marketing led to financial mismanagement. Byju Raveendran, the founder of Byju’s, took to X on  Sunday and showed optimism about rebuilding his business “brick by brick”…

DNA for sale as gene testing company files for chapter 11

23andMe, which provides medical and ancestry-related genetic testing, has filed for bankruptcy after it was unable to find a buyer to rescue it from insolvency proceedings and the board of directors rejected a buyout offer from co-founder Anne Wojcicki. Despite collecting DNA from saliva samples from more than 15 million customers, the company hasn’t been…

Oando’s financial woes raise eyebrows over T&T refinery deal

Joshua Seemu­n­gal Se­nior Mul­ti­me­dia In­ves­tiga­tive Jour­nal­ist joshua.seemu­n­[email protected] Niger­ian en­er­gy com­pa­ny Oan­do PLC, the Gov­ern­ment’s pre­ferred bid­der for the lease of the Pointe-a-Pierre re­fin­ery, has been strug­gling fi­nan­cial­ly. Ac­cord­ing to Oan­do’s unau­dit­ed state­ments and sep­a­rate fi­nan­cial state­ments end­ing De­cem­ber 31, 2024, the com­pa­ny is in ac­count­ing in­sol­ven­cy. The fi­nan­cial state­ments, viewed by Guardian Me­dia’s In­ves­tiga­tive Desk,…