Sunday, April 14, 2024
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Outlook India
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Bankruptcy

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...

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

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

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

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