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Byju’s loan repayment, auditor, and board woes are mounting – Quartz

Byju’s loan repayment, auditor, and board woes are mounting – Quartz

 

Byju’s glory days seem to be behind it, and its fall from grace is unfolding very much in public. India’s largest edtech company, valued at $22 billion until last year, has seen growth drop sharply from the highs of the pandemic—a decline that its competitors have experienced too. But in the last month, Byju has been dealing with a lot more than shrinking revenue, including a missed loan repayment deadline, an auditor resignation, and three high-profile board member exits.At the start of June, Byju’s missed a deadline to make a $40 million on a $1.2 billion loan, and instead sued the… 

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