• 11/11/2024

Byju’s Alpha, U.S. Unit of Indian Ed-Tech Startup, Files for Chapter 11

Wall Street Journal

Once valued at $22 billion, Byju’s faced difficulties postpandemic as students returned to schools. Lenders controlling the U.S. shell entity required it to seek bankruptcy protection as a condition of funding.

https://www.wsj.com/articles/byjus-alpha-u-s-unit-of-indian-ed-tech-startup-files-for-chapter-11-a6ec2621