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BYJU’S On The Verge Of A Turnaround, Investors Ready To Back The Company: Byju Raveendran

BYJU’S On The Verge Of A Turnaround, Investors Ready To Back The Company: Byju Raveendran

BYJU'S CEO, Byju Raveendran, has sent an email to employees stating that the company is poised to reverse a downward business cycle and introduce BYJU'S 3.0. Raveendran also mentioned that the founders have invested around INR 7,500 Cr in the company over the last 29 months. However, he acknowledged that the company's failure to pay employee salaries for July 2024 was due to issues with lenders.

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