Byju’s founder Raveendran has expressed concern over the company’s current financial situation, stating that they are unable to pay salaries due to a dispute with investors.
He said, “Byju’s unable to pay salaries as rights issue funds locked in separate account amid dispute with investors.”
“Few investors ‘stooped to heartless level’, ensuring we are unable to utilise raised funds to pay salaries,” Byju Raveendran told his staff, reported PTI.
Discover the stories of your interest