Byju’s unable to pay salaries as rights issue funds locked in separate a/c amid rift with investors
Byju’s logo. | Photo Credit: REUTERS Byju’s founder Byju Raveendran on March 2 said the edtech company will not be able to pay salaries to employees as the recent funds raised through a rights issue are inaccessible due to a legal dispute with certain investors. In a letter to staff, Mr. Raveendran said the rights…