Lenders to SPV in Delaware sue Byju Raveendran for ‘stealing’ $533 mn

Lenders to a special purpose vehicle (SPV) established by Indian edtech firm Byju’s in Delaware, United States, have sued the startup’s founder Byju Raveendran, his wife and co-founder Divya Gokulnath, and “close business associate” Anita Kishore for allegedly misappropriating $533 million in funds.