- During a company town hall, BYJU’S co-founder and CEO, Byju Raveendran confirmed they are in talks with investors for a new equity funding round.
- He indicated that should this round fail, the edtech firm would consider liquidating non-core assets to raise capital.
- Despite facing recent challenges, including high-profile resignations and legal struggles, Raveendran reassured employees that several of the company’s key verticals are profitable or nearing profitability.