BYJU'S CEO Raveendran pledges homes to raise money for employees' salaries: Report

BYJU'S Founder and CEO Byju Raveendran has pledged homes owned by him and his family members to raise funds for paying employees' salaries, Bloomberg reported. Two homes owned by Raveendran's family and his under-construction villa in Bengaluru were offered as collateral to borrow $12 million, the report said. The funds were then used to pay salaries to 15,000 BYJU'S employees.