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Byju’s Florida hedge fund ally may face jail time over missing $533 million | Company News

Business Standard

[ad_1] By Steven Church The founder of a small Florida hedge fund could be jailed for refusing to reveal where Indian tech firm Think & Learn Pvt allegedly hid $533 million that lenders are trying to recover, according to a federal judge.    William C. Morton could be locked up for contempt of … Read more

Byju’s unable to pay salaries as funds locked amid rift with investors | Start Ups

Business Standard

[ad_1] Raveendran accused these select investors of having a callous disregard for the lives and livelihoods of others even though they had reaped substantial profits from investment in Byju’s (Photo: Bloomberg) Byju’s founder Byju Raveendran on Saturday said the edtech company will not be able to pay salaries to employees as the recent funds … Read more

Byju’s investors file oppression, mismanagement suit against CEO, others | Company News

Business Standard

[ad_1] A group of four investors of Byju’s has filed an oppression and mismanagement suit against the management of the company before the Bengaluru bench of the NCLT, seeking declaring of founders, including CEO Byju Raveendran, as unfit to run the company, and appointing a new board. Besides, the suit has sought declaring … Read more

Edtech major Byju’s rights issue gets $300 million commitment: Report | Company News

Business Standard

[ad_1] Edtech major Think and Learn, which operates under BYJU’S brand name, is learnt to have received a commitment of USD 300 million from investors for its ongoing rights issue which will close by the end of February, sources aware of the development said. BYJU’S floated a rights issue in January to raise … Read more