New Delhi, Dec. 18 -- The co-founder of upskilling business Great Learning that e-learning platform Byju's had acquired in 2021 has bought back the Indian unit of the sold company for a fraction of the $600 million that it was sold for, according to an executive with knowledge of the transaction, an account that is backed by documents filed with India's registrar of companies (RoC).

As millionaire businessman Byju Raveendran and Think & Learn Pvt. Ltd, or TLPL, the flagship company in his edtech empire once courted by top venture funders and private credit companies of the world, battle creditors in insolvency proceedings, it has emerged that Mohan Krishna Lakhamraju struck a cash deal early in 2024 to buy back full control of Great Lear...