Post-mortem. Byju's closed in July 2024. The account below was written after the end, with the outcome known. Separately, a blind test with the evidence cut off at January 2023, before the end, returned: not called safe. How the blind test works.

Byju's

Defunct Indian edtech firm now in insolvency proceedings with no live product

Blind testEvidence cut off January 2023 · Ended July 2024 · Result: not called safe

What happened

NCLT Bengaluru admitted Think & Learn into insolvency proceedings (CIRP) on BCCI claim (July 2024)

Why it did not hold

Byju's has no operating product, no staff, and no revenue to defend. Its remaining insolvency case decides only how creditors split what is left.

Byju's was an app that taught students through videos and practice problems, similar to Khan Academy or Coursera. The company ran out of money, shut down its main app in 2025, lost almost all its employees, and is now in court-ordered insolvency proceedings. AI chatbots like ChatGPT can now do what Byju's did (explain lessons, answer questions, give practice problems) for almost no cost, and Byju's had no special technology, student data lock-in, or legal protection to stop them.

AI pressure: None apparent. The app is delisted and staff count is near zero, so there is no active product left for AI tutors to displace.

Bigger players: None apparent. No competitor needed to win here. Debt to GLAS Trust and unpaid bills already ended normal operations.

What protected it. The Aakash offline coaching network still has resale value, giving creditors something to carve out and sell.

Timeline

2026-07-28NCLT stays Byju's Form G bidding process until 31 August 2026 hearing
2026-07-09Singapore High Court declines to extend stay on Raveendran's 6-month jail sentence
2026-06-26Lenders reported near settlement seeking ~30% Aakash stake, valuing Aakash near $2B
2026-05-28Byju's net worth estimated at negative ₹8,245 crore counting employee dues
2026-05-27Raveendran sentenced to six months jail in Singapore for contempt of court
2025-11-20Delaware bankruptcy court issues default judgment of over $1.07B against Raveendran
2025-05Byju's Android app delisted from Google Play over unpaid AWS hosting bills
2024-07-16Byju's parent Think & Learn admitted into insolvency on ₹158 crore BCCI claim

Also gone

Chegg closed 2026 Course Hero closed 2026 One Hour Translation / Blend was absorbed 2026

All 62 post-mortems →

This page is a post-mortem, not a live assessment, and it carries no band. The blind-test result is the only part made without knowledge of the outcome.