Byju’s facing $101 million tax claims from authorities amid insolvency proceedings, says report

Indian tax authorities are seeking dues of $101 million from education-technology company Byju’s, once the country’s biggest startup which is now undergoing an insolvency process, claim documents reviewed by Reuters on Friday showed.

Backed by General Atlantic, Byju’s was valued at $22 billion in 2022, but has seen its fortunes dwindle due to many regulatory issues and more recently a dispute with U.S. lenders who are demanding $1 billion in unpaid dues, triggering the company’s insolvency that led to an assets freeze.