Sign In
Analysis
Key Takeaways
In the ongoing saga of Byju's financial issues, perhaps the most glaring loose end in the tale is the case of $533 million that has seemingly vanished out of a loan of $1.2 billion the edtech company has defaulted on.
The first clues in the mystery began to emerge thanks to a lawsuit filed by US-based portfolio management company Benchmark Investments in September 2022 against a financial consultancy and its manager-partner, for allegedly making false claims about its involvement in a financial transaction. The transaction in question was between Byju’s and an obscure Delaware-based fund, Camshaft Capital.
In the lawsuit, Benchmark said that the financial consultancy, HarryMax Consultants and its manager Brett Borgersen, claimed they were owed money for facilitating transactions between Byju’s and Camshaft Capital.
In addition, access 50+ archived articles and 3 new articles every month
Sign In
Join our community of 100,000+ top executives, VCs, entrepreneurs, and brightest student minds
Blume Ventures
The CapTable brings a refreshing set of insights for us at the Blume team, highlighting stories that bring together the underlying business and founders with that of investors' journeys with these startups. It's an important perspective that very few bring to startup ecosystem enthusiasts.
Convinced that The Captable stories and insights
will give you the edge?
Convinced that The Captable stories
and insights will give you the edge?
Subscribe Now
Sign Up Now
