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A consortium of shareholders with over 30 per cent stake in cash-strapped Byju's might approach the National Company Law Tribunal (NCLT) seeking a management change, if the extraordinary general meeting (EGM) scheduled for Friday failed to yield an 'amicable settlement' or faced further delays, sources said. Earlier this month, these shareholders had issued a notice calling for an EGM to address 'persistent issues', including a change in management. They will vote for a revamp of the existing board, an exercise which would include asking Byju Raveendran to step down as chief executive officer ...

More vendors are grappling with delayed payments from startups amid an extended slowdown in investments in Indian digital companies

An online company would show a particular price to the customer and then quickly increase the cost after analysing consumer behaviour or detecting any kind of desperation.

Byju's is in talks with three-four strategic buyers, including Joffre Capital Ltd and language learning platform Duolingo, to sell one of its key assets, US-based digital reading platform Epic, for about $400-$450 million, according to sources. With this, the beleaguered edtech firm wants to meet various commitments, including repaying its entire $1.2 billion term loan B (TLB) within six months. 'The binding offers of the bidders to acquire Epic are expected to come in the next few weeks after the due diligence is complete,' said a person familiar with the matter.

Vietnams VinFast Auto, Teslas closest competitor in the electric car space, is looking to set up a manufacturing unit either in Tamil Nadu or Gujarat, sources told us. This and more in todays ETtech Morning Dispatch.