BYJU's breaks salary delay; pays up after 2 months’ hold
Despite its efforts, BYJU's has not yet received approval to access the funds from the rights issue, attributing the delay to actions taken by four of its investors
byjus investors
April 2024
February 2024
June 2023
‘Moved mountains’: Byju Raveendran admits to struggles in clearing salaries
BYJU’s says the co. has not had any external investor funding for 2 years apart from founder infusing over $1 bn — a reason why it launched a $200 mn rights issue to quickly raise money
Byju's valuation cut to $5 billion by Prosus
That's around 75% lower than Byju's staggering $22 billion valuation last year.
