Byju’s Sells Epic & Tynker Amid Financial Crisis

Prime Highlights:

Byju’s vended its US- grounded accessories, grand and Tynker, at a major loss to manage its ongoing fiscal and legal troubles.
The deals, approved under US ruin law, mark a significant step in Byju’s global asset liquidation sweats.

Key Facts:

Grand, bought for around$ 500 million, was vended for$ 95 million.
Tynker, preliminarily acquired for$ 200 million, was vended for just$ 2.2 million.
The deals were approved by a US ruin court on May 20, 2025.

Key Background

Byju’s, once India’s highest- valued edtech incipiency, has been scuffling with a deep fiscal extremity driven by mounting debt, investor exits, and nonsupervisory challenges. In 2021, as part of its aggressive global expansion, the company acquired the children’s reading platform Epic for$ 500 million and rendering platform Tynker for$ 200 million. These accessions were intended to strengthen Byju’s presence in the US education technology request.

still, the drift turned in 2023 when Byju’s defaulted on a$ 1.2 billion term loan. Its US arm, Byju’s nascence, was pulled into legal battles for failing to meet its fiscal scores. The situation worsened when US- grounded lenders pushed for the liquidation of means under ruin court proceedings, claiming fiscal mismanagement and lack of translucency. Allegations indeed surfaced about the unauthorized movement of over$ 500 million from the loan finances, performing in disdain charges against a Byju’s co-founder.

In May 2025, a US ruin court approved the trade of Epic and Tynker through a court- supervised process. grand was vended to a Chinese- backed education company, TAL Education Group, for$ 95 million — lower than one- fifth of its purchase value. Tynker was vended to US- grounded CodeHS for just$ 2.2 million after a 48- round bidding process. The steep reduction underscores how far the company’s overseas means have devaluated under torture.

The US Department of Justice interposed compactly over public security enterprises regarding the grand trade but ultimately allowed the sale to do. These developments are part of a larger restructuring trouble as Byju’s attempts to repay creditors and regain its brand.

Meanwhile, in India, bankruptcy proceedings continue. The company faces court cases from merchandisers and lenders, while its valuation has declined from$ 22 billion at its peak to a bit of that. Major investors like Prosus have marked down their investments significantly, and the company’s leadership continues to face pressure to bring translucency and stability.