Byju’s ‘Roundtripped’ $533M says US court filing; Founders call allegations ‘Selective and Incomplete’

A new filing in the Delaware Bankruptcy Court has alleged that the missing $533 million from Byju’s Alpha, an entity now controlled by the edtech firm’s Term Loan B (TLB) lenders, was “in effect, round-tripped right back to Byju Raveendran and his affiliates.” The founders of Think & Learn, the parent company of Byju’s, rejected the claims in a media statement issued on 17 November, reported Moneycontrol.