BYJU's US subsidiary has initiated bankruptcy proceedings, revealing debts ranging from $1 billion to $10 billion. The educational technology company's American unit, known for its digital learning platforms, faces significant financial challenges. The filing underscores BYJU's struggles in the competitive US market despite its global success.
This development raises concerns about the company's expansion strategies and financial health, potentially impacting its operations and reputation. The scale of liabilities suggests substantial hurdles ahead for BYJU's as it navigates through the bankruptcy process, signaling a pivotal moment for the prominent ed-tech firm.