253 Indian online education firm Byju’s is looking to renegotiate its $1.2 billion debt as it battles with high losses and cost-cutting targets. According to sources, the nation’s most valuable startup, valued at $22 billion, has recruited an adviser to explore changes to the term loan B covenants with creditors. Byju’s prospered on India’s expanding mobile connections and foreign investment until its meteoric rise was cut short by excessive financial burn. Creditors are anxious about the company’s ability to repay, and several have sold down their loans, according to sources. You Might Be Interested In Great Eastern’s Profits Driven by Investment Income in Singapore Ghana Central Bank Maintains Key Rate Amidst Heightened Inflation Concerns McDonald’s to hire 5,000 people, double stores in North, East India Vivek Ramaswamy Suspends 2024 Presidential Campaign, Pledges Support to Trump Tesla Stock Surges Despite Third-Quarter Sales Challenges Amazon To Invest Up To $4 Billion In AI Startup Anthropic