IndonesiaSingaporeMalaysiaVietnamThailandPhilippinesMyanmar
IndiaGreater ChinaRest of AsiaWorld
E-Commerce & Internet EconomyTechnologyReal Estate and InfrastructureFinancial ServicesSocial InfrastructureDeals Barometer

BYJU's creditors call off negotiations to restructure $1.2b loan

BYJU's creditors call off negotiations to restructure $1.2b loan

Byju Raveendran, the founder of Byju's. Photo: Hemant Mishra/Mint

Vibhuti Sharma

01 June, 2023

In a fresh setback for Indian edtech major BYJU’s, lenders have pulled out of negotiations to restructure a $1.2-billion loan, a source familiar with the matter told DealStreetAsia.

Byju RaveendranByju's

Bring stories like this into your inbox every day.

Sign up for our newsletter - The Daily Brief
Subscribe to Newsletter

Related Stories

Venture Capital

BYJU's, Meesho face valuation cuts as BlackRock and Fidelity Investments reassess their worth

Other Indian startups like BYJU’s, PharmEasy, Ola and Pine Labs have seen valuation resets recently.

Deals

BYJU's secures $250m from US-based Davidson Kempner as part of $1b round

It is in talks to close another $750 million by the end of the month

Analysis

ED raid likely to derail BYJU'S long-term fundraising plans

The ED carried out searches in three of BYJU'S offices in Bangalore last week.

Unicorns

BYJU'S CEO assures firm's compliance after raids over alleged forex law violations

Byju's is one of India's biggest startups, once valued at $22 billion.
Nikkei Logo
DealStreetAsia Logo
About Us
Team
Advertise
Contact
Careers
Blog
Privacy Policy
Terms & Conditions
© Copyright DEALSTREETASIA 2014-2023 All rights reserved.