Byjus pressing need of capital may be addressed by the sale of a couple of subsidiaries that it is planning. But there are deeper problems, which can only be addressed by a complete overhaul of its sales practices, organisational structure, and business conduct.
Byju Raveendran-led decacorn is looking to offload two foreign companies it bought for around Rs 8,195 crore combined in order to repay the entire $1.2 billion (Rs 9,956 crore) loan to US lenders.
Byju s, which paid about $375 million for acquiring Epic in 2021, is expecting to garner about $400-550 million. The company has received three term sheets for Epic and the deal talks are at advanced stages.