On Tuesday, Byju Raveendran, the founder and CEO of the edtech giant Byju's, reassured top executives during a two-hour phone call that the current crisis will be resolve within the next 45-60 days. The news was reported by The Economic Times, citing individuals who participated in the call with the CEO.

Raveendran also addressed concerns raised about changes in the company's business plans and the optimisation of costs, both in terms of personnel and overall business, to withstand the current crisis. 

However, he also used this opportunity to motivate his team, urging their support to navigate through the various crises the company is currently facing. 

Raveendran mentioned during the call that despite ongoing challenges, investors like Ranjan Pai (Manipal Group chairman) and other unnamed founders have provided crucial capital during critical times, the report added.

In the previous month, Ranjan Pai, the Chairman of Manipal Education and Medical Group, acquired a debt of Rs 1,400 crore that had been raised by the edtech from Davidson Kempner.

Pai is also in talks to acquire additional stakes in AESL soon. Aarin Capital, Ranjan Pai's proprietary fund, was the initial institutional investor in BYJU'S back in 2013.

The people cited in the report added that Ravindran likened the current situation to wartime, highlighting obstacles such as term loan B. He emphasized the urgent need for cash infusion, noting that businesses like Aakash and Epic are profitable, while Great Learning is at a break-even stage, it added. 

During the call, there were discussions about the notice period and the possibility of reducing the team size.

Arjun Mohan, the CEO of Byju's India, who was also part of the call, addressed these inquiries and discussed future business plans. He emphasized the importance of cash availability for these plans, as per the report. 

Media reports indicate that BYJU'S is in discussions to secure Rs 600-700 crore to sustain its operations until March. The company envisions obtaining funds during this period through the sale of Epic and a partial stake sale in other subsidiaries.