New CEO, Huge losses, Internal Disputes:
What went wrong with BYJU’S In 2023?
In September, cash-strapped BYJU’s delayed full & final payments of sacked employees.
September 2023 saw financially distressed BYJU's, put Epic & Great Learning up for sale to clear debts
In June 2023, Deloitte tendered its resignation citing BYJU’S’ delay in filing its financials for FY22
In July & August Peak XV and Baron capital marked down BYJU's value citing the delayed financials from FY21 and FY22.
In September, beleaguered BYJU's reportedly proposed to repay the entire $1.2 Bn Term Loan B in less than 6 months.
Can the new BYJUs CEO save this sinking Ship?
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