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Byju's US-based subsidiary Alpha Inc transferred more than half a billion dollars to Camshaft Capital Fund in 2022, Bloomberg reported, citing a lawsuit in US court.
Since the transfer of $533 million by Byju's, hedge fund's founder got luxury cars registered in his name, including Ferrari, Lamborghini and Rolls-Royce, says a report citing court papers
D-Day is here! In a virtual meet today, the jury of the Economic Time Startup Awards 2023 will reveal the brightest stars in Indias startup galaxy. This and more in todays ETtech Morning Dispatch.
India Business News: Troubled edtech firm Byju's is planning to sell Great Learning and Epic from its stable to repay $1.2 billion term loan to its lenders, sources said.
Byju's is further considering the sale of some of its other non-core assets to unlock value and manage its debt repayment