Page 21 - Byju's

$1.2-billion loan dispute: Byju's' legal battle worries key investor

"They are extremely concerned," said the person familiar with the matter. "They have dispersed some tranche of the amount and may not disperse further"

Byju's lenders say lawsuit is meritless, designed to dodge obligations

Lenders says will continue to work in good faith with firm to cure its numerous defaults, but reserves rights to enforce credit agreement if Byju's intentionally remains in default

Edtech giant Byju's likely to lay off 1,000 more employees, say reports

Media reports suggest these employees are contractual and are part of the sales team

Byju's' legal battle with lenders likely to impact its fund raising

The legal battle might also delay IPO plans for its tutoring service subsidiary Aakash Educational Services, according to industry experts

Byju's lenders, their advisers weigh options after missed interest payment

The edtech company and its lenders are mired in a fight over the term loan after the firm breached terms of its debt agreement

Top headlines: TCS defies tech-sector inertia, India's final call on IPEF

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Byju's schedules call for lenders to discuss loan amendment proposal

Byju's didn't pay $40 million in interest due Monday on its $1.2 billion loan

Top Headlines: Byju's says lenders faked debt crisis, Tesla in India & more

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Byju's accuses lenders of manufacturing fake debt crisis to extort money

The company chalks up its current debt predicament to aggressive distressed-debt investors who, in its view, were never supposed to be able to buy the loan

Edtech giant Byju's rolls out AI models for hyper-personalised learning

The edtech giant has launched Byju's Wiz, a suite of three AI transformer models - BADRI, MathGPT, and TeacherGPT

Top headlines: Byju's file suit against TLB acceleration, Adani repays loan

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Edtech giant Byju's 'skips' interest payment on $1.2-billion loan

Files suit against Redwood, alleging predatory tactics

Byju's announces plans for Aakash IPO in 2024 amid funding crunch

Edtech giant facing deadline to pay $40 mn; raises $250 mn from US investment firm

Edtech major Byju's faces deadline for $40 million payment of $1.2 bn loan

The $1.2 billion debt is the largest unrated loan by a startup ever. The once high-flying company led by former teacher Raveendran had been trying to strike a deal with creditors to restructure loan

Janus Henderson further downgrades PharmEasy valuation to $ 2.7 billion

Several other Indian startups such as Meesho, Swiggy, Byju's, Pine Labs, and Ola have seen similar cuts in their valuations

Edtech major Byju's lenders discard talks to restructure $1.2-billion loan

Lenders may put pressure on Byju's to liquidate US assets to part-repay

Edtech major Byju's lenders scrap talks to restructure a $1.2 bn loan

Byju's has to make an interest payment on the loan by June 5

Top headlines: 41% of FAME II target met, cut in Byju's valuation and more

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BlackRock cuts edtech giant Byju's valuation by 62% in a year to $8.4 bn

BlackRock reportedly pegged the value of its 2,279 shares in the company at $4,043,471, estimating Byju's fair value at $8.4 billion as of March 31, 2023

BlackRock cuts Byju's valuation again. This time by 62% to $8.4 billion

However, Byju's recently secured $250 million in fresh funding at a valuation cap of $22 billion