Byju Raveendran, founder of Byju's, pledged his family's homes in Bengaluru and an under-construction villa in Epsilon as collateral to borrow $12 million to pay salaries to employees. The company is fighting to keep afloat amid financial pressures, including a legal battle with creditors over a missed interest payment on a $1.2 billion term loan. Raveendran has raised personal debts of $400 million and plowed back $800 million into the company. Byju's recently sold its US-based kids' digital reading platform for about $400 million.
Hence then, the article about byju s founder pledges homes to raise funds for staff salaries was published today ( ) and is available onThe Times of India ( Middle East ) The editorial team at PressBee has edited and verified it, and it may have been modified, fully republished, or quoted. You can read and follow the updates of this news or article from its original source.
Read More Details Finally We wish PressBee provided you with enough information of ( Byju’s founder pledges homes to raise funds for staff salaries )