Byju's Gets Temporary Protection In Fight Against Shareholders

Byju's, which is controlled by CEO Byju Raveendran, was once one of India's most valuable start-ups as demand for its online learning products boomed during the Covid pandemic.

Ed-tech firm Byju's said Wednesday a court had given it temporary protection in its fight against a group of shareholders trying to sack the company's billionaire founder.

Byju's, which is controlled by CEO Byju Raveendran, was once one of India's most valuable start-ups as demand for its online learning products boomed during the Covid pandemic.

Once valued at over $20 billion, Byju's has seen its valuation crash by an estimated 90 per cent over the last year.