Mumbai: As his company undergoes corporate insolvency proceedings, Byju Raveendran, the founder of what was once India’s most valued startup, has joined the social media platform ‘X’, stating that he wants to talk about the past 20 years and plans to relaunch his company by tapping into the pool of former employees of his firm. Other than the…
The number of retail businesses closing due to insolvency continues to fall but the hospitality sector continues to struggle, the latest PwC insolvency barometer reveals. The report, analysing insolvencies for the first quarter of 2025, shows there were 192 insolvencies in the first quarter of this year – 14% fewer compared to the first quarter…
Loading According to Australia Post’s latest e-commerce report, Australians spent a record $69 billion on online shopping last year, an increase of 12 per cent on the year before, largely driven by platforms such as Amazon, Shein and Temu. “Online marketplaces”, such as Amazon or eBay, accounted for nearly 40 per cent, or $16 billion,…
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”…
Going bankrupt is most people’s worst nightmare, but one Aussie has explained why she didn’t panic, which ultimately led to her making millions. Candy Kemp, 42, went bankrupt at 25. At the time, she was a single mum with three kids, and she found herself left with nothing after a business venture fell apart. Ms…
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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…
The staggering cost of England’s special educational needs and disability (Send) crisis shows no sign of easing. A Guardian investigation has revealed councils will overspend on Send services by nearly £2bn over the next year, pushing their accumulated deficits to at least £5.2bn by 31 March 2026. The date is crucial because that is when…
What happens when your builder goes bust Money magazine Read the original article here