Byju's founders are enjoying a lavish lifestyle in Dubai while debts worth Rs 2000 crore are accumulating in India, leaving people and vendors uncertain about recovering their money. Legal battles are challenging due to lack of resources. The company is facing issues with pending settlements, GST notices, and investor drama, affecting employees and small vendors. Byju's announces strategic reorganization in management structure to address liquidity crunch, including unpaid salaries, regulatory dues, and vendor payments.
In case you missed today's edition, catch up now: -As Byju's founders enjoy the high life in Dubai, debts are piling up in India to the tune of Rs 2000 crore. -Bournvita, peers lose their ‘health drink’ tag Read at https://t.co/G8HWNV2dsG https://t.co/Ufn694hjXG
📢 #Byju’s shareholders have approved rights issue aimed at tackling the liquidity crunch, including unpaid salaries, regulatory dues and vendor payments. In a statement, the #edtech said that shareholders have approved an increase in authorized share capital by a 55% majority https://t.co/ezm3fAlDWU
BYJU’S shareholders approve the rights issue Company Statement : Receives independent scrutinizer report to proceed with formalities Rights issue aimed at tackling liquidity crunch, including unpaid salaries, regulatory dues and vendor payments. https://t.co/4VZDN4isWE
Indian edtech firm Byju's streamlines business, with founder Raveendran in a "hands-on" role https://t.co/8N3n48Qvgq https://t.co/5SZR1FoJ3k
At Byju's around 30,000 people are yet to receive their full and final settlement. There are pending GST notices, legal proceedings and much drama with investors but who is going to pay the employees and the small vendors? By @sahaprd https://t.co/5OUCfmTkqF
#ByjuRaveendran says 'start of leaner company' as edtech’s CEO Arjun Mohan quits https://t.co/MFd5Cosw5t https://t.co/BIO51HXeLG
In the wake of Byju’s epic fall from grace, all the focus has been on founder Raveendran and his shenanigans. But when an enterprise goes down, it takes with itself the entire ecosystem: the employees, customers, vendors and so on. By @sahaprd https://t.co/5OUCfmTkqF
News Alert | Byju's announces strategic reorganisation in management structure @BYJUS https://t.co/yoH01oHheB
As Byju's founders enjoy the high life in Dubai, debts are piling up in India. People, vendors don't know if or when they will see the money at all. Many don't have the resources to fight legal battles with the company. By @sahaprd. https://t.co/5OUCfmTkqF
In Today's Edition: -As Byju's founders enjoy the high life in Dubai, debts are piling up in India to the tune of Rs 2000 crore. People, vendors don't know if they will see the money at all. -Bournvita, peers lose their ‘health drink’ tag Read at https://t.co/G8HWNV2dsG https://t.co/TLSQcO3dQh