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US Court Orders Byju Raveendran to Pay $1 Billion in Fund Diversion Case

By Uniquetimesorg November 22, 2025 0

A US bankruptcy court has ordered Byju Raveendran, founder of edtech firm Byju’s, to pay over $1 billion after being found in default for failing to comply with court directives in a case involving alleged diversion of funds from Byju’s Alpha. The ruling follows accusations by lenders that $533 million from a $1.2 billion loan […]Continue Reading

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Delaware Supreme Court Confirms Byju’s Default on $1.2 Billion Loan Amidst Ongoing Insolvency Proceedings

By uniquetimes September 24, 2024 0

The Delaware Supreme Court has upheld a ruling that edtech firm Byju’s defaulted on a $1.2 billion Term Loan B (TLB), validating claims made by US-based lenders. The lenders, represented by GLAS Trust, had approached the court alleging payment defaults under the credit agreement and sought early repayment. Byju’s contested the claims, but the court […]Continue Reading

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Byju’s Ropes In New Auditor After Deloitte Resigns

By uniquetimes June 24, 2023 0

Audit firm Deloitte has resigned as the auditor of edtech company Byju’s, citing a significant delay in the submission of financial statements. Deloitte had been scheduled to audit Byju’s until 2025 but stepped down, stating that the delays would impact its ability to perform the audit according to standards. Byju’s has appointed BDO as its […]Continue Reading

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Byju’s raises $800 million, with $400 million invested by Byju Raveendran

By uniquetimes March 11, 2022 0

The decacorn of educational technology Sumeru Ventures, Vitruvian Partners, and BlackRock led a new $800 million funding round for Byju’s. Byju Raveendran, the founder and CEO of Byju’s, is also a part of this fund-raise and has put up $400 million of his own money. According to sources familiar with the situation, the valuation has […]Continue Reading