Byju’s unit put into bankruptcy in US over $1.2bn default

Byju's Alpha Inc, a unit of Byju's, filed for bankruptcy in the US due to its $1.2 billion debt. The company lacks funds to continue fighting with its parent company. Parent company Byju’s, an online-education pioneer, continues to run its business in India and beyond even as the fight with creditors threatens its prospects.

Feb 2, 2024 - 06:00
Byju’s unit put into bankruptcy in US over $1.2bn default
Byju's Alpha Inc, a unit of Byju's, filed for bankruptcy in the US due to its $1.2 billion debt. The company lacks funds to continue fighting with its parent company. Parent company Byju’s, an online-education pioneer, continues to run its business in India and beyond even as the fight with creditors threatens its prospects.