BENGALURU -- About a year ago, Byju's was the world's most valuable education startup. Today, the online tutoring app serves as an object lesson on the perils of investing in Indian private companies.
Delays in filing annual financial reports, legal wrangling with lenders and the resignations of board members and its auditor have raised questions not only about Byju's ability to attract fresh capital and pay back its debts but about the quality of corporate governance in India itself, local executives say.
