Bankruptcy

Is There Any Value Left At The End Of Tunnel For Byju’s? 

02/02/2024

After major investors Blackrock and Prosus cut the valuation of the edtech firm to $1 billion and $3 billion, respectively, the latest rights issue pegs the pre-money valuation at a meagre $25 million, slumping more than 99% from its peak valuation of $22...

Byju’s American Unit Files For Bankruptcy In Delaware

02/02/2024

According to court filings, Byju's Alpha Inc has total assets between $500 million and $1 billion, with listed liabilities ranging from $1 billion to $10 billion

DigiRovers Files Insolvency Plea Against GoMechanic, NCLT Issues Notice

16/02/2023

In January, GoMechanic’s co-founder Amit Bhasin admitted to errors in the company’s financial reporting following which DigiRovers filed a plea before the tribunal alleging defaults in payments

Hubris, Apathy, Mismanagement—Is Lido's Bankruptcy A Wake-Up Call For Other Edtechs?

10/09/2022

Poor management of funds, overbearing promises and illtreating customers drew the curtains on Lido

Ronnie Screwvala-Backed Edtech Start-Up Lido Learning Files For Bankruptcy 

08/09/2022

Founded in 2019 by Sahil Sheth, the company offers live online classes to children from KG to Class 9 for Maths, Science, English, and Coding