Two homes owned by Raveendran's family in Bengaluru and his under-construction villa in Epsilon the most exclusive gated community in the city were offered as collateral to borrow $12 million (approx Rs 100 crore)
Byju s Founder pledges homes to Pay Employees techstory.in - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from techstory.in Daily Mail and Mail on Sunday newspapers.
The notice extends to Byju Raveendran, founder of Byju's, and Think and Learn Pvt Ltd. The ED's action follows an investigation into potential FEMA contraventions by the prominent edtech company.