{"id":833616,"date":"2024-07-18T09:17:30","date_gmt":"2024-07-18T03:47:30","guid":{"rendered":"https:\/\/telecomlive.in\/web\/?p=833616"},"modified":"2024-07-18T09:35:29","modified_gmt":"2024-07-18T04:05:29","slug":"byjus-journey-from-startup-star-to-facing-insolvency-all-you-need-to-know","status":"publish","type":"post","link":"https:\/\/telecomlive.in\/web\/2024\/07\/18\/byjus-journey-from-startup-star-to-facing-insolvency-all-you-need-to-know\/","title":{"rendered":"Byju&#8217;s journey from startup star to facing insolvency: All you need to Know"},"content":{"rendered":"<p>Indian edtech company Byju&#8217;s was staring at insolvency proceedings on Tuesday following a tribunal order, deepening a crisis that has seen the one-time market darling&#8217;s valuation plunge from about $22 billion to less than $2 billion. <\/p>\n<p>Here is an overview of Byju&#8217;s and its troubles: <\/p>\n<p>WHAT TRIGGERED THE INSOLVENCY? <\/p>\n<p>The Indian cricket board last year asked a tribunal to initiate insolvency proceedings against Byju&#8217;s for defaulting on $19 million of dues. The dispute is over payments related to sponsorship rights for the Indian cricket team&#8217;s jerseys.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>Indian edtech company Byju&#8217;s was staring at insolvency proceedings on Tuesday following a tribunal order, deepening a crisis that has seen the one-time market darling&#8217;s valuation plunge from about $22 billion to less than $2 billion. Here is an overview of Byju&#8217;s and its troubles: WHAT TRIGGERED THE INSOLVENCY? The Indian cricket board last year asked a tribunal to initiate insolvency proceedings against Byju&#8217;s for defaulting on $19 million of dues. The dispute is over payments related to sponsorship rights for the Indian cricket team&#8217;s jerseys.<\/p>\n","protected":false},"author":8,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"footnotes":""},"categories":[9,34,4],"tags":[],"class_list":["post-833616","post","type-post","status-publish","format-standard","hentry","category-business-standard-newspapers","category-it-2-business-standard-newspapers","category-newspapers"],"acf":[],"_links":{"self":[{"href":"https:\/\/telecomlive.in\/web\/wp-json\/wp\/v2\/posts\/833616","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/telecomlive.in\/web\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/telecomlive.in\/web\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/telecomlive.in\/web\/wp-json\/wp\/v2\/users\/8"}],"replies":[{"embeddable":true,"href":"https:\/\/telecomlive.in\/web\/wp-json\/wp\/v2\/comments?post=833616"}],"version-history":[{"count":0,"href":"https:\/\/telecomlive.in\/web\/wp-json\/wp\/v2\/posts\/833616\/revisions"}],"wp:attachment":[{"href":"https:\/\/telecomlive.in\/web\/wp-json\/wp\/v2\/media?parent=833616"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/telecomlive.in\/web\/wp-json\/wp\/v2\/categories?post=833616"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/telecomlive.in\/web\/wp-json\/wp\/v2\/tags?post=833616"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}