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Latest from startup india

Byju's slams auditor BDO's resignation, calls it ‘escapist,’ questions legality

BDO, the auditor of Byju's resigned, citing lack of response to a notice from the board despite the board having been already suspended

Signage at a Byju's Tuition Center, operated by Think & Learn Pvt., in Mumbai, India, on Friday, Feb. 2, 2024. (Dhiraj Singh/Bloomberg)
Updated on Sep 07, 2024 01:40 PM IST

Indian tax authorities seek $101 million in Byju's insolvency process

India's department of revenue has filed a claim worth $18.7 million while the tax department of the state of Karnataka is seeking $82.3 million

Byju's crisis: Byju's owner Byju Raveendran photo is seen on his company web page in this illustration. (Reuters)
Published on Sep 07, 2024 09:18 AM IST
Reuters |

Byju’s US lenders removed from creditor panel by court-appointed Indian official

The decision by the official means that the lenders won’t get a say on who should run Byju's and steer a restructuring plan

Byju's owner Byju Raveendran's photo is seen on his company web page in this illustration. (Reuters)
Updated on Sep 04, 2024 08:28 PM IST
Bloomberg |

Byju's goes under insolvency: What happens to employees? Can they recover dues?

Byju's, once valued at $22 billion, entered a financial crisis with debts piling up when online education demand fell after the Covid-19 pandemic ended.

Around 160-200 former employees of Byju’s who were laid off due to falling revenues had complained to the Karnataka labour commissioner that their full settlement was not yet made. (Bloomberg)
Published on Jul 17, 2024 06:48 PM IST

Will make Zepto a $50 billion Indian company: Co-founder Aadit Palicha

Zepto aims a $50 billion valuation after raising $665 million from new investors including private equity firm Avenir, venture capital firm Lightspeed, & Avra.

Zepto's co-founders Kaivalya Vohra and Aadit Palicha
Published on Jun 24, 2024 04:21 PM IST
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