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DeepNewz, mobile.
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Byju Raveendran, founder of Byju's, an edtech firm, informed staff that the company is unable to pay salaries due to a dispute with investors. The funds raised through a rights issue are locked in a separate account, leading to the financial constraint. Shareholders have also voted to remove Raveendran as CEO.
Women's health startups are finally having a moment with investors. https://t.co/8gzcHst3Iw
#Byju's employees have reported salary delays due to a dispute with investors over funds raised through a recent rights issue. Read more: https://t.co/tVfuTwQoQl https://t.co/fBe8B5j9Li
Byju's says it cannot pay salaries! REVEALS reason https://t.co/dOW39ljyEt
