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
In May 2023, the edtech borrowed Rs 2,000 crore (around $250 million) from the American investor against the cash flows of Aakash Education Services Ltd
The action was taken on the basis of "various complaints" received by private people and alleged that Raveendran Byju was issued "several" summons but he remained "evasive and never appeared" before the ED
