India, July 18 -- Troubled edtech startup BYJU'S cofounders are planning to take legal action to seek monetary damages to the tune of $2.5 Bn from "parties" which have caused damage to them "personally and their businesses".

In a statement, a counsel for the cofounders, Byju Raveendran and Divya Gokulnath, said that the duo are also preparing "additional claims" against the aforementioned "parties" in other jurisdictions. The counsel termed the "conduct" of the edtech's term loan B (TLB) lenders, under Glas Trust, as "reprehensible and improper".

"BYJU'S founders reserve all rights to bring actions against those parties that have caused damage to them personally and their businesses, including Think & Learn (BYJU'S parent). The conduct ...