Byju's founder, Byju Raveendran, reportedly raised personal debt to partially pay March salaries due to financial constraints.
Byju Raveendran, founder of ed-tech company Byju's, reportedly raised personal debt to pay partial salaries for employees in March due to financial constraints. Byju's had previously announced it would clear outstanding salary payments for March and February, but only paid between 100% and 50% of salaries for staff in March. The company is facing financial challenges and ongoing legal issues, and is yet to pay salaries for the second half of February.
April 22, 2024
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