Tag: Byju Raveendran

Byju’s Sells Epic, Tynker at Steep Losses Amid Restructuring

by educatekaroin News, Apps, Business, TechLeave a Comment on Byju’s Sells Epic, Tynker at Steep Losses Amid Restructuring

Byju’s, once India’s edtech giant, sold US acquisitions Epic for $95 million to TAL Education and Tynker for $2.2 million to CodeHS, far below their $500 million and $200 million purchase prices. Approved by a US bankruptcy court, these sales reflect Byju’s efforts to navigate lender disputes, mismanagement claims, and delayed financial reporting.

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BYJU’S Parent and Founder’s Brother Guilty of $533M Fraud

by educatekaroin News, Apps, TechLeave a Comment on BYJU’S Parent and Founder’s Brother Guilty of $533M Fraud

A US bankruptcy court ruled that BYJU’S parent, Think & Learn Pvt Ltd, and Riju Ravindran defrauded lenders by stealing $533 million from BYJU’S Alpha, Inc. The court confirmed fraudulent transfers and Riju’s breach of duties. Lenders aim to recover the funds, adding to BYJU’S ongoing financial and legal struggles in the US and India. Damages are pending.

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New Article -> Top 7 AI Tools in 2025 That Make Work Easier

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