Reported 3 months ago
Byju's is in discussions to settle a debt of 1.59 billion rupees ($19 million) owed to the Board of Control for Cricket in India, which could prevent the startup from facing insolvency. The company has indicated that it is close to concluding the matter, with payments expected soon. This comes as Byju's faces financial difficulties after a significant decline in business following the pandemic, leading to multiple bankruptcy disputes both in India and abroad.
Source: YAHOO