Byju s was paying a rental of about Rs 4 crore per month for the office space and had signed the rental agreement about 3.5 years ago with the Prestige Group.
This comes at a time when some of the most highly valued startups, including Byju s, Paytm, Ola, and Dream11, have come under fire for a range of issues, casting a shadow on India’s technology and startup ecosystem.
Byju s Crisis: Union Minister Rajeev Chandrasekhar criticizes Byju s rapid expansion without adequate corporate governance, warning of unsustainable models during easy access to capital.