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BYJU'S clears part pay for March as CEO Byju takes on debt: Report
short by Ashley Paul / on Monday, 22 April, 2024
BYJU'S has cleared part salaries for March as CEO Byju Raveendran has taken on more debt to make payroll, Moneycontrol reported. The edtech startup had initially paid full salaries to two teams and recently began paying part salaries to remaining employees. This comes as the $200 million which BYJU'S raised via rights issue is locked in an escrow account.
read more at Moneycontrol