Cash-strapped Byju's insolvency case fans fears of employees, parents

Quick Summary:

Mishra, who once earned $1,200 a month teaching mathematics courses, now faces the anger of parents after she halted classes for their children, she said on the call attended by Reuters.

Byju's, started in 2011, has suffered numerous setbacks in recent months, from boardroom exits and criticism over delayed financial disclosures to an auditor resignation.

Employees face a long road ahead as it could take months to find a new buyer, or liquidate Byju's assets.

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Article Details

Category: BusinessFinance

Markets: India

Topics: Byju's bankruptcy US lenders Byju's EdTech Edtech Byju Raveendran Byju's employees

Source Website Secure: Yes (HTTPS)

News Sentiment: Neutral

Fact Checked: Legitimate

Article Type: News Report

Published On: 2024-08-22 @ 13:35:00 (7 hours ago)

News Timezone: GMT +5:00

News Source URL: business-standard.com

Language: English

Article Length: 780 words

Reading Time: 5 minutes read

Sentences: 23 lines

Sentence Length: 34 words per sentence (average)

Platforms: Desktop Web, Mobile Web, iOS App, Android App

Copyright Owner: © Business Standard

News ID: 22204819

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