From billionaire to brink: Byju’s founder battles insolvency crisis as India’s ed-tech giant crumbles

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NEW DELHI, July 22 — Byju Raveendran, an Indian mathematics whiz who soared from teacher to startup billionaire before h...

Accused of “financial mismanagement and compliance issues”, the son of a family of teachers from a small village in south India faces a reckoning that will test the ingenuity that made him a poster child for India’s startups.

Raveendran denies the allegations of mismanagement and wrongdoing at his firm, which has in recent months faced lawsuits over unpaid loans and boardroom battles with foreign investors that went public.

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Article Details

Category: EconomyBusiness

Markets: MalaysiaIndia

Topics: Byju Raveendran India Startups

Source Website Secure: Yes (HTTPS)

News Sentiment: Positive

Fact Checked: Legitimate

Article Type: News Report

Published On: 2024-07-22 @ 13:54:40 (10 hours ago)

News Timezone: GMT +8:00

News Source URL: malaymail.com

Language: English

Article Length: 630 words

Reading Time: 4 minutes read

Sentences: 23 lines

Sentence Length: 28 words per sentence (average)

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Copyright Owner: © Malay Mail

News ID: 21723910

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