Byju's Peak and Valuation

The Downfall Begins

Insolvency and Auction Block

 Bidders Ranjan Pai and Ronnie Screwvala

Understanding Byju's Assets

Manipal Group's Interest in Byju's

Financial Troubles and Debt Issues

Learning and UpGrad's Interest

Bidding Process Explained

Challenges for Potential Bidders

The Role of Glass Trust

Potential Comeback for Byju Raveendran?

Future of Byju's Assets

Conclusion and What's Next

Byju’s, once India’s biggest edtech success story, is now fighting for survival. Its parent company, Think & Learn, has run out of money and is undergoing insolvency. That means its key assets including Aakash Educational Services and Great Learning are up for sale. Two big names are now competing for pieces of the company: Ranjan Pai, who already owns a majority stake in Aakash after converting debt to equity, and Ronnie Screwvala’s UpGrad, which is interested in Great Learning and other strong-performing units. But the final decision isn’t theirs. It lies with Glas Trust, the US lenders who hold 99% voting rights. They’re looking for the quickest repayment and are also pursuing allegations that $533 million was moved out of reach. Meanwhile, more than 20 legal cases and limited information from the promoters are slowing down the process. In this episode, host Dia Rekhi talks to ET’s Jessica Rajan and ET Prime’s Manu Toms to break down who’s bidding, what’s happening inside the insolvency, and what the future looks like for Byju’s.

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Check out other interesting episodes from the host like: Hooked in 90 Seconds: The Micro Drama Boom,  A Spoonful of Death, Dissecting 2025’s Biggest IPO: Tata Capital and much more.


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Credits: gyanwallahPW, Nas Summit, CNBC-TV18, moneycontrol, TechCrunch, BYJU'S, yourstorytv

Byju&rsquo;s, once India&rsquo;s biggest edtech success story, is now fighting for survival. Its parent company, Think &amp; Learn, has run out of money and is undergoing insolvency. That means its key assets including Aakash Educational Services and Great Learning are up for sale. Two big names are now competing for pieces of the company: Ranjan Pai, who already owns a majority stake in Aakash after converting debt to equity, and Ronnie Screwvala&rsquo;s UpGrad, which is interested in Great Learning and other strong-performing units. But the final decision isn&rsquo;t theirs. It lies with Glas Trust, the US lenders who hold 99% voting rights. They&rsquo;re looking for the quickest repayment and are also pursuing allegations that $533 million was moved out of reach. Meanwhile, more than 20 legal cases and limited information from the promoters are slowing down the process. In this episode, host Dia Rekhi talks to ET&rsquo;s <a href="https://www.linkedin.com/in/jessica-rajan-3062951b9/">Jessica Rajan</a> and ET Prime&rsquo;s <a href="https://www.linkedin.com/in/manu-p-toms-937b7619/?utm_source=chatgpt%2Ecom&amp;originalSubdomain=in">Manu Toms</a> to break down who&rsquo;s bidding, what&rsquo;s happening inside the insolvency, and what the future looks like for Byju&rsquo;s.
Tune in: You can follow Dia Rekhi on social media: <a href="https://www.linkedin.com/in/dia-rekhi-702438104/?originalSubdomain=in">Linkedin</a> &amp; <a href="https://twitter.com/diarekhiET">X </a>Check out other interesting episodes from the host like: <a href="https://podcasts.apple.com/in/podcast/the-morning-brief/id1568661777?i=1000730913554">Hooked in 90 Seconds: The Micro Drama Boom</a>,&nbsp; <a href="https://podcasts.apple.com/in/podcast/the-morning-brief/id1568661777?i=1000732157078">A Spoonful of Death</a>, <a href="https://podcasts.apple.com/in/podcast/the-morning-brief/id1568661777?i=1000729195646">Dissecting 2025&rsquo;s Biggest IPO: Tata Capital</a> and <a href="https://podcasts.apple.com/in/podcast/the-morning-brief/id1568661777">much more</a>. Catch the latest episode of &lsquo;The Morning Brief&rsquo; on <a href="https://www.etplay.com/etplay">ET Play</a>, <a href="https://economictimes.indiatimes.com/podcast?from=mdr">The Economic Times Online</a>,<a href="https://open.spotify.com/show/6PL5kfPbwURBEu6fHCVTOL?si=26ec0fbfa7134fea"> Spotify</a>, <a href="https://podcasts.apple.com/in/podcast/the-morning-brief/id1568661777">Apple Podcasts</a>, <a href="https://www.jiosaavn.com/shows/the-morning-brief/1/GNPiFQD2xpY_">JioSaavn</a>, <a href="https://music.amazon.in/podcasts/f378141f-9afb-495d-83da-9b08ec5047ac/the-morning-brief">Amazon Music</a> and <a href="https://www.youtube.com/@theetpodcasts">Youtube</a>. Credits: <a href="https://www.youtube.com/shorts/Bhj8SJTCjkU">gyanwallahPW</a>, <a href="https://www.youtube.com/shorts/GZVjUiOFyAE">Nas Summit</a>, <a href="https://www.youtube.com/watch?v=IaRK-nDKUGw">CNBC-</a><a href="https://www.youtube.com/watch?v=RESjgj3RbjU">TV18</a>, <a href="https://www.youtube.com/watch?v=YravENTCj9I">moneycontrol</a>, <a href="https://www.youtube.com/watch?v=8uqjhvolOEc">TechCrunch</a>, <a href="https://www.youtube.com/watch?v=pcd2WT1Scoc">BYJU'S</a>, <a href="https://www.youtube.com/shorts/L9DVtIAWuos">yourstorytv</a>

To make sense of the week’s hottest stories in business, economy, politics and markets, journalists from the Economic Times chat with reporters and industry leaders in this thrice-weekly (Tuesday, Thursday, Friday) podcast.

The Morning Brief

Who will Buy Bankrupt Byju’s?