For the last 10 years, we have seen a remarkable improvement in the operational capabilities and...
In the dynamic world of insurance, Square Insurance is making waves with its innovative approach, personalized...
The recent release of the iPhone 15 and iOS 17 generated considerable excitement among Apple enthusiasts....
In an enlightening conversation, Steve Wandler, the CEO and Co-Founder of BookmarkED, shares the inspiring journey...
1. What was your inspiration for modernizing and upscaling the product vision: From Jobs to the...
India's top Cloud Managed Service Provider, G7 CR Technologies, A Noventiq Company offers state-of-the-art IT solutions...
In an intriguing interview with TechStory, Dr. Mayur Sundararajan, the Business Head of Superfan at Versa...
Adi Rishabh Jain, Vice President of Swarrnim Startup and Innovation University (SSIU), shares with TechStory, how...
Byju's, an esteemed startup in India, is currently facing a significant setback following the withdrawal of creditors from discussions to restructure a loan amounting to $1.2 billion. Sources familiar with the matter reveal that these talks came to an end due to the creditors filing a lawsuit alleging that the company concealed $500 million in raised funds. To protect their anonymity, these individuals have requested to remain unnamed since the information discussed is private. Byju Raveendran, founder and chief executive officer As a result of the terminated discussions, lenders now possess the ability to sell Byju's term loan B securities since the limitations imposed during the negotiations have been lifted. Byju's has a deadline until June 5 to fulfill its obligation of paying the interest on the loan. Notably, during a court hearing in the US last month, an attorney representing the organization expressed confidence that the company would soon receive a substantial capital infusion, which would enable it to repay the loan. These statements contradict the allegations of fund concealment raised by the creditors. Steep losses and cost reduction targets...
The billionaire CEO of Tesla and Twitter has a mysterious but interesting past. Most of us...
Tech and Business News from around the world. Follow along for latest in the world of Tech, AI, Crypto, EVs, Business Personalities and more.
reach us at [email protected]