Tech

Sources: Byju's founder Byju Raveendran pledged his and his family's homes as collateral to borrow ~$12M to raise money to pay staff, to fight a cash crunch (Anto Antony/Bloomberg)



Anto Antony / Bloomberg:

Sources: Byju’s founder Byju Raveendran pledged his and his family’s homes as collateral to borrow ~$12M to raise money to pay staff, to fight a cash crunch  —  – Founder has raised $400 million in debt to keep firm afloat  — Company is also seeking to raise funds through asset sales




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