In a recent legal development, Byju's co-founders, Byju Raveendran and Divya Gokulnath, are facing a lawsuit filed by U.S. lenders in a bankruptcy court. The lawsuit alleges that the founders orchestrated the theft of $533 million, which was reportedly transferred improperly. This lawsuit marks a continuation of the ongoing financial troubles for Byju's, which was once considered India's most valuable startup. In related news, Zepto, an Indian quick-commerce startup, is nearing an annualized gross order value of $4 billion and has appointed Akhil Gupta from Airtel to its board as it prepares for an initial public offering (IPO). Additionally, the Reserve Bank of India has granted approval for BharatPe's aggregator business, while Ather Energy plans to reduce its IPO size amid current market uncertainties.