BYJU, education tech company is facing insolvency after its valuation crashed from $22bn (£17bn) to under $2bn (£1.5bn) due to "financial mismanagement and compliance issues".
Byju's has suffered a series of setbacks in recent months, including job cuts, a 90 per cent collapse in valuation and a tussle with investors who have accused chief executive Byju Raveendran of corporate governance lapses.
    
  Byju's has suffered a series of setbacks in recent months, including job cuts, a 90 per cent collapse in valuation and a tussle with investors who have accused chief executive Byju Raveendran of corporate governance lapses.
BYJU, education tech company is facing insolvency after its valuation crashed from $22bn (£17bn) to under $2bn (£1.5bn) due to "financial mismanagement and compliance issues".
Byju's has suffered a series of setbacks in recent months, including job cuts, a 90 per cent collapse in valuation and a tussle with investors who have accused chief executive Byju Raveendran of corporate governance lapses.
          
                    
          
          
            
            
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