Indian edtech firm Byju's faces insolvency proceedings in latest setback

Indian edtech firm Byju's faces insolvency proceedings in latest setback

A man walks past an advertising hoarding of Byju's, an Education Technology company and one of India's biggest startup, outside one of its branch in New Delhi, India, June 23, 2023. REUTERS/Adnan Abidi/File Photo

An Indian tribunal on Tuesday started insolvency proceedings for edtech firm Byju’s after the country’s cricket board complained about failure to recover $19 million in dues, dealing another blow to a company that was once India’s biggest startup.

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