Wednesday, July 24, 2024
Outlook India
Outlook Business

Ceo Of Byju S

General Atlantic, Prosus Ventures, Peak XV, and Chan Zuckerberg Initiative, have expressed the need for a management change

Byju Raveendran emphasised the urgent need for cash infusion, noting that businesses like Aakash and Epic are profitable, while Great Learning is at a break-even stage

As per the sources, Byju Raveendran has recently raised money by mortgaging home and real estate assets owned by family members to pay salaries

Byju’s, currently undergoing significant business restructuring, aims to address financial stability concerns amidst challenges such as the collapse of term loan B and high cash burn

An employee claimed that the full and final settlement of many employees whom he knows has not been settled yet