Byju borrowing money from family, other entrepreneurs to pay salaries: Report

BYJU'S CEO Byju Raveendran has been borrowing from family, friends, and other entrepreneurs in recent months to pay staff salaries and vendors as the company is falling short of ₹60-70 crore every month, Moneycontrol reported. "BYJU'S needs ₹500-600 crore of cash by March to pay off pending employee dues, vendors, taxes, and the BCCI," a person was quoted as saying.