‘You Can’t Make This Up,’ Chamath Palihapitiya Says As $20 Billion Edtech Startup Byju’s Sued For Hiding $533 Million in Florida IHOP-Based Hedgefund

In a shocking revelation, Indian edtech giant Byju’s is accused of stashing $533 million in Camshaft Capital Fund, a relatively obscure hedge fund that once listed its primary business address at an IHOP in Miami. Putting the money at IHOP was brought to light by lenders attempting to recover the money.

According to the lenders’ lawsuit, Byju’s reportedly transferred over $500 million last year to Camshaft Capital Fund, an investment entity set up by William C. Morton at age 23. Morton’s fund…

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