$533 million allegedly routed to Byju Raveendran; edtech founders deny claims

A Delaware Bankruptcy Court filing has claimed that the missing $533 million from Byju’s Alpha was “in effect, roundtripped right back to Byju Raveendran and his affiliates,” contradicting the edtech founder’s earlier sworn statements. The founders of Think & Learn (TLPL) have categorically rejected the allegations.

The filing comes as Byju’s Alpha seeks approval of a settlement with OCI Limited, the UK-based procurement company that received most of the disputed money. As part of the settlement, OCI’s founder Oliver Chapman submitted a sworn declaration detailing what happened to the funds.