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Byju’s unable to pay salaries as funds locked amid rift with investors | Start Ups

Business Standard

[ad_1] Raveendran accused these select investors of having a callous disregard for the lives and livelihoods of others even though they had reaped substantial profits from investment in Byju’s (Photo: Bloomberg) Byju’s founder Byju Raveendran on Saturday said the edtech company will not be able to pay salaries to employees as the recent funds … Read more

Byju’s investors file oppression, mismanagement suit against CEO, others | Company News

Business Standard

[ad_1] A group of four investors of Byju’s has filed an oppression and mismanagement suit against the management of the company before the Bengaluru bench of the NCLT, seeking declaring of founders, including CEO Byju Raveendran, as unfit to run the company, and appointing a new board. Besides, the suit has sought declaring … Read more