About BYJU’S
BYJU’S is an educational technology company that develops personalized learning programs for K-12 students.
Financial
BYJU’S has faced significant financial challenges, including a substantial loss in valuation, insolvency issues, and a reduction in product prices. The company has also been involved in a $200 million rights issue to raise funds. Despite these efforts, BYJU’S has experienced a decline in its financial health, with reports of governance failures and mounting challenges.
BYJU’S faces significant financial and legal challenges. Prosus and BlackRock have written off their stakes in the company, once valued at $22 billion. An Indian court has initiated insolvency proceedings against BYJU’S over unpaid debts, and the company is appealing the decision. Additionally, BYJU’S has settled a $19 million payment dispute with India’s cricket governing body.