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Once India’s biggest edtech startup, Byju’s, can’t pay salaries – Hum News

Once India’s biggest edtech startup, Byju’s, can’t pay salaries – Hum News

 

BENGALURU: Indian edtech startup Byju’s is unable to pay staff because it can’t access recently raised funds due to a legal dispute with some of its investors, founder and CEO Byju Raveendran said in an email to employees on Saturday seen by Reuters.“I regret to inform you that we will still be unable to process your salaries. Last month we faced challenges due to a lack of capital and now we are experiencing a delay despite having funds,” Raveendran said, adding he aimed to pay February salaries, which were due on March 1, by March 10.Byju’s did not immediately respond to… 

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