BYJU'S has filed for chapter 11 bankruptcy

John Pinto | 2 February 2024

U.S. unit of Indian education technology startup Byju's has filed for Chapter 11 bankruptcy proceedings . Alpha unit listed assets in the range of $500 million to $1 billion . Some investors said the company's valuation had fallen to between $1 billion and $3 billion.It has also been negotiating the repayment of a $1.2 billion term loan in the last few months .