The potential insolvency of Byju’s, a prominent Indian education technology company, could become the largest disruption in the once-thriving startup sector, sparking a prolonged struggle among thousands of anxious employees to recover their owed compensation and safeguard their careers, according to Reuters report.
Once a favorite among global investors and valued at $22 billion in 2022, Byju’s gained popularity by providing online courses during the COVID-19 pandemic. However, it is now embroiled in a dispute with U.S. lenders over $1 billion in unpaid debts.
Reuters report further revealed that there is a growing sense of desperation among…
