Cash-strapped Byju’s insolvency case fans fears of employees, parents

The insolvency of Indian education technology company Byju’s threatens to be the biggest upset in a celebrated startup sector, unleashing a long battle by thousands of panic-stricken employees to recover dues and protect their careers.

Once a darling of global investors, valued at $22 billion in 2022, Byju’s became popular by offering online training courses during the Covid-19 pandemic, but is now locked in a dispute with US lenders seeking $1 billion in unpaid dues.