Diabytes
Byju CEO Raveendran News
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As you know, the founders have put everything back into the company, and regardless of the court verdict, we are following a parallel line of credit to ensure that you receive your salary by 8th of April," the management said.
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According to a remark from Byju Raveendran in the Economic Times, "things are not as bad as you think - as you read in the media, for sure." He added that the startup is now more effective than it was six months ago.
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Byju seeks to close a round within two weeks, according to the report.
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Byju's has already let go of several thousand employees this year.
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Deloitte said in a letter to Byju's board it was resigning because the company had delayed financial statements for the year ending March 31, 2022.
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Byju's and the three investors did not immediately respond to requests for comment on Friday.
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Byju Raveendran said, "I want to assure that we remain steadfast in our commitment to our students and vision".
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ED conducted search and seizure operations at 3 premises of the company.
BYJU is operational under Think & Learn Private Limited company.
During the searches, various incriminating documents and digital data were seized: Reports.
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NCPCR summoned the CEO of Byju.
NCPCR claims that the company is engaging in unethical business.
The organisation requested Bjyu's CEO to personally appear.
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