Dear reader, Byju’s, once India’s premier edtech startup with a valuation of US$22 billion, is now facing insolvency proceedings after failing to pay US$19 million to the Board of Control for Cricket in India (BCCI). This decision, announced by India’s companies tribunal, marks another significant setback for the company, which has already dealt with leadership changes, investor disputes, job cuts, and a dramatic drop in valuation to under US$3 billion.

Source: e27