15/09/2023 09:22 PM | Click to read full article
Delayed rents in June were not the first warning sign. Byju’s had been falling back on statutory payments. Then walked out Byju’s statutory auditor and three members of Byju’s board representing its investors. Once the most-valued edtech firm in the world, Byju’s is now battling serious funding issues, a corporate governance crisis and court battles. The firm will have to urgently raise at least $1.5 billion and set its house in order. Can it succeed?