This comes at a time when the company has been engaged in a dispute with its investors regarding the validity of the funds raised from a recently concluded rights issue offering.
Byju s is undergoing a cost-cutting initiative and restructuring drive, downsizing assets and tuition centers. The edtech firm has identified assets that overlap with its Aakash centres.
Cash-strapped edtech firm Byjus is vacating multiple offices and tuition centres countrywide as part of a cost-cutting drive. This and more in todays ETtech Top 5.
Embattled edtech company Byju’s on Sunday announced that it has disbursed a portion of the pending salaries for over 20,000 employees for the month of February. Byju’s Manages To Pay Some Portion of Salaries for 20,000 Employees.