India’s ed-tech giant, Byju’s, is facing allegations of hiding $533 million in an obscure hedge fund, Camshaft Capital Fund, which claimed its principal place of business was an IHOP pancake restaurant in Miami. Byju’s transferred the funds to Camshaft despite the fund’s lack of formal investment training. Luxury cars have also been registered under Camshaft’s founder’s name since the transfer.
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‘Byju’s hid $533 million in hedge fund once run from Miami IHOP’
India’s ed-tech giant, Byju’s, is facing allegations of hiding $533 million in an obscure hedge fund, Camshaft Capital Fund, which claimed its principal place of business was an IHOP pancake restaurant in Miami. Byju’s transferred the funds to Camshaft despite the fund’s lack of formal investment training. Luxury cars have also been registered under Camshaft’s founder’s name since the transfer.
Disclaimer
We strive to uphold the highest ethical standards in all of our reporting and coverage. We StartupNews.fyi want to be transparent with our readers about any potential conflicts of interest that may arise in our work. It’s possible that some of the investors we feature may have connections to other businesses, including competitors or companies we write about. However, we want to assure our readers that this will not have any impact on the integrity or impartiality of our reporting. We are committed to delivering accurate, unbiased news and information to our audience, and we will continue to uphold our ethics and principles in all of our work. Thank you for your trust and support.
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