Troubled Byju's Must Convince Lenders It's Now Serious About a Deal
Once India’s hottest startup, the edtech company wants to sell assets to pay down debt
Welcome to The Brink. It’s Reshmi Basu in New York and Anto Antony in Mumbai. We’ve been looking at the latest efforts by Indian edtech startup Byju’s to pay down debt. We also have news on real estate firms Country Garden and Adler, and on South Korean investors taking a hit in Dublin. Follow this link to subscribe. Send us feedback and tips at rbasu18@bloomberg.net or DM on X to @lcasiraghi.
Byju’s, once India’s hottest startup, made a surprise offer to repay a $1.2 billion loan but its creditors aren’t convinced.