BYJU'S founder pledges homes to pay staff their salaries
Byju Raveendran, the founder of Indian edtech giant BYJU'S, pledged his and his family members' homes. This was done to raise $12 million for employee salaries amid a cash crunch, Bloomberg has reported. The funds were used to pay 15,000 employees at BYJU'S parent company, Think & Learn Pvt Ltd. Neither Raveendran nor BYJU'S representatives have commented on the matter.