{"id":835380,"date":"2024-07-20T10:59:47","date_gmt":"2024-07-20T05:29:47","guid":{"rendered":"https:\/\/telecomlive.in\/web\/?p=835380"},"modified":"2024-07-20T11:00:49","modified_gmt":"2024-07-20T05:30:49","slug":"indian-ed-tech-giant-byjus-faces-total-shutdown-if-insolvency-proceeds-ceo-says","status":"publish","type":"post","link":"https:\/\/telecomlive.in\/web\/2024\/07\/20\/indian-ed-tech-giant-byjus-faces-total-shutdown-if-insolvency-proceeds-ceo-says\/","title":{"rendered":"Indian ed-tech giant Byju\u2019s faces total shutdown if insolvency proceeds, CEO says"},"content":{"rendered":"<p>Insolvency proceedings against ed-tech giant Byju\u2019s, once India\u2019s biggest startup valued at $22 billion, will likely force thousands of employees to quit and result in a total shutdown of its services, its CEO said in a court filing seen by Reuters.<\/p>\n<p>Byju\u2019s, backed by investors like Prosus and General Atlantic, has suffered numerous setbacks in recent months, including job cuts, a collapse in its valuation and a tussle with investors who accused CEO Byju Raveendran of corporate governance lapses. Byju\u2019s has denied any wrongdoing.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>Insolvency proceedings against ed-tech giant Byju\u2019s, once India\u2019s biggest startup valued at $22 billion, will likely force thousands of employees to quit and result in a total shutdown of its services, its CEO said in a court filing seen by Reuters. Byju\u2019s, backed by investors like Prosus and General Atlantic, has suffered numerous setbacks in recent months, including job cuts, a collapse in its valuation and a tussle with investors who accused CEO Byju Raveendran of corporate governance lapses. Byju\u2019s has denied any wrongdoing.<\/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":[4],"tags":[],"class_list":["post-835380","post","type-post","status-publish","format-standard","hentry","category-newspapers"],"acf":[],"_links":{"self":[{"href":"https:\/\/telecomlive.in\/web\/wp-json\/wp\/v2\/posts\/835380","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=835380"}],"version-history":[{"count":0,"href":"https:\/\/telecomlive.in\/web\/wp-json\/wp\/v2\/posts\/835380\/revisions"}],"wp:attachment":[{"href":"https:\/\/telecomlive.in\/web\/wp-json\/wp\/v2\/media?parent=835380"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/telecomlive.in\/web\/wp-json\/wp\/v2\/categories?post=835380"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/telecomlive.in\/web\/wp-json\/wp\/v2\/tags?post=835380"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}