Company Byju’s is facing serious financial issues; its founder Raveendran has revealed the company’s current financial condition.
The founder 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.”
According to the sources, due to dispute with investors the company is facing financial crisis.
