Careermode
Byju’s Hid $533 Million in Fund Run out of an IHOP outlet 🤯
Absolutely crazy stuff. To summarize what I read:
- Byju's apparently transferred $533Mn to Camshaft Capital - a random hedge fund in Miami that was started by a 23 year old, with barely any investing experience.
- This hedge fund is run out of a building that has an iHOP (yes the food chain). When asked about the whereabouts, nobody even recognizes if the fund actually exists there
- This fund typically accepts only upto $50Mn. How come Byju's transferred $533Mn to them?
- 2023 Ferrari Roma, a 2020 Lamborghini Huracán EVO, and a 2014 Rolls-Royce Wraith -> All registered on this fund's papers
- Now, Byju's lenders have filed a case against Camshaft in the US.
Link to original article: https://www.bloomberg.com/news/articles/2023-09-12/byju-s-hid-533-million-in-hedge-fund-camshaft-run-from-miami-ihop-lenders-say#xj4y7vzkg
14mo ago
ReadyAcid16
Swiggy14mo
The games that the rich and wealthy play. We're way to far away from it. And we'll probably never get it?
Fuck it
Neo69
InMobi14mo
Bruh, you sound like a farmer not someone in a corporate who could themself be the CXO of a company 20 years down the line
ReadyAcid16
Swiggy14mo
I agree, that sentence was written a little bit in a hurry You actually sound like somebody who will be a CXO in <3 years unless you’re already one 💯👌
Qwerty2398
Stealth14mo
everyday some negative news comes about this company. When will the positive news of its shutdown come?
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NewsAnchorStudent5mo
The Morning Vine 🍇
Good morning! Too much has happened in the last 24 hours, we’re going double the size of our 5 news a day quota - here we go:
𝐈𝐧𝐝𝐢𝐚 𝐓𝐞𝐜𝐡 🇮🇳
𝟏. 𝐆𝐫𝐨𝐰𝐰’𝐬 𝐀𝐜𝐭𝐢𝐯𝐞 𝐈𝐧𝐯𝐞𝐬𝐭𝐨𝐫 𝐁𝐚𝐬𝐞 𝐂𝐥𝐢𝐦𝐛𝐬 𝐎𝐯𝐞𝐫 �...
Byju's about to close $250 million funding
Just heard that Byjus is about to close $250 million funding. Can someone confirm if this is true?