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Raveendran puts Rs 4K cr own wealth into Byju's

Byju Raveendran, founder of educational technology (edtech) firm Byju s, has injected around Rs 4,000 crore of personal capital into the company in recent months.

This move comes as the company grapples with challenges, including securing fresh capital, delays in financial reporting, and legal disputes with lenders.

Raveendran has pledged personal property to assist the company in dealing with the crisis.

He conveyed to employees that despite perceptions of being a billionaire, he has reinvested a major portion of his wealth back into the company, said a person familiar with the matter. ....

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Sale of Epic to resolve term loan litigation, help mitigate current liquidity crunch: Byju Raveendran assures senior leadership

Says company is engaged in active negotiations with the lenders to reach a resolution ....

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Salary dues | Byju's pays pending salaries for November to staff, cites 'technical glitch' for delay

Though there was no comment from the company, sources said the amounts were credited to the employees on Monday. Last week, Byju’s had said that there was a delay in processing salary for some employees which constitute less than 5 per cent of its workforce due to unexpected technical glitch ....

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Byju Raveendran to meet senior management as liquidity situation turns precarious, banks on borrowings, asset sale

Sources says Byju Raveendran is confident of pulling through via asset sales, without depending on capital from existing investors ....

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byju's meeting senior executives: Liquidity crisis will be addressed in 45-60 days, I'll be the last man standing: Byju Raveendran tells senior execs

Raveendran also addressed concerns from on changes in its business plans and optimisation of cost – both on people and business front – to withstand the current crisis. ....

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