Reported about 7 hours ago
Byju's, once the most valuable startup in India, has seen a rapid downfall that has left U.S. creditors facing substantial losses on their investments. Amid delays in financial disclosures and rising interest rates, Byju's has failed to recover hundreds of millions from U.S. accounts, leading to legal battles and accusations of fraud against its founder. The situation highlights the risks associated with international lending and has raised urgent questions about the future of the startup ecosystem in India.
Source: YAHOO