Byju Vs BYJU’S Alpha, Urban Company’s INR 528 Cr IPO & More

Share via:


Now, It’s Byju Vs BYJU’S Alpha

Lenders are amping up the heat on BYJU’S. The creditors, via the edtech’s US-based special purpose vehicle (SPV) BYJU’S Alpha, have sued cofounders Byju Raveendran and Divya Gokulnath and advisor Anita Kishore for allegedly ‘misappropriating’ $533 Mn in funds.

Allegations Run Amok: In its lawsuit, the lenders allege that the three orchestrated a lawless scheme to conceal and steal $533 Mn of loan proceeds and deliberately hid the assets of BYJU’s Alpha. 

In retort, cofounders have termed the…



Source link

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.

Popular

More Like this

Byju Vs BYJU’S Alpha, Urban Company’s INR 528 Cr IPO & More


Now, It’s Byju Vs BYJU’S Alpha

Lenders are amping up the heat on BYJU’S. The creditors, via the edtech’s US-based special purpose vehicle (SPV) BYJU’S Alpha, have sued cofounders Byju Raveendran and Divya Gokulnath and advisor Anita Kishore for allegedly ‘misappropriating’ $533 Mn in funds.

Allegations Run Amok: In its lawsuit, the lenders allege that the three orchestrated a lawless scheme to conceal and steal $533 Mn of loan proceeds and deliberately hid the assets of BYJU’s Alpha. 

In retort, cofounders have termed the…



Source link

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.

Website Upgradation is going on for any glitch kindly connect at office@startupnews.fyi

More like this

Apple’s foldable iPhone set to begin assembly in late...

Apple is expected to begin assembling its first...

BYJU’S Resolution Professional Sues Ex-Directors for Alleged Misappropriation of...

BYJU’S current resolution professional (RP), Shailendra Ajmera, has filed...

Nvidia’s AI empire: A look at its top startup...

No company has capitalized on the AI revolution...

Popular

Upcoming Events

asdasd asdasd asdasd asdasd asdasd asdasd asdasd asdasd asdasd asdasd asdasd asdasd asdasd asdasd asdasd asdasd asdasd asdasd asdasd asdasd asdasd