[With Proofs] Byjus filing bankruptcy by May 2024
Pending payments Aws: 56 cr Salesforce: 16cr Code.org - 48 Cr Term loan B - (9800 cr )1.2 Billion dollars BCCI - 160cr More than 10k pending FnF settlements pending totalling to 78 cr Assets freezed by various vendors - 12 cr 8 months pending PF - 98 cr Pending rent payments of offices: 15.5 Cr Loan defaults and frauds/bad loans: 130cr Other vendor payments/defaults/frauds : 10 cr Companys current valuation: (8300 cr) 1 billion dollars.
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Series A Startup
Byju’s valuation reduced from $22Bn to sub $3Bn by Prosus
Investment giant Prosus has written down the valuation of edtech giant Byju's to below $3 billion, marking a steep drop from the $22 billion...
https://trib.al/5q5gZB2