India asks Byju’s to explain delay in filing audited financial accounts, report says

India’s Ministry of Corporate Affairs has asked Byju’s to explain why it hasn’t filed its audited financials for the year ending March 2021, Bloomberg News reported Thursday.
Edtech giant Byju’s, which is India’s most valuable startup with a valuation of $22 billion, has missed the deadline to file its audited results by 17 months.
The startup – backed by scores of high-profile investors including Blackrock, Tiger Global, UBS, Prosus Ventures, Sequoia India and Lightspeed Venture Partners – said in early July that it will file the results within 10 days. It has since repeatedly missed its own

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