Byju Vs BYJU’S Alpha, Urban Company’s INR 528 Cr IPO & More

Now, It’s Byju Vs BYJU’S Alpha

Lenders are amping up the heat on BYJU’S. The creditors, via the edtech’s US-based special purpose vehicle (SPV) BYJU’S Alpha, have sued cofounders Byju Raveendran and Divya Gokulnath and advisor Anita Kishore for allegedly ‘misappropriating’ $533 Mn in funds.

Allegations Run Amok: In its lawsuit, the lenders allege that the three orchestrated a lawless scheme to conceal and steal $533 Mn of loan proceeds and deliberately hid the assets of BYJU’s Alpha. 

In retort, cofounders have termed the…