"Been Moving Mountains": BYJU's Founder Emails Staff Over Delayed Salaries
NDTV
In an email thanking his employees for not giving up, founder Byju Raveendran said he had to "move mountains" to make the payroll.
BYJU's has paid January salaries to its employees after reports suggested the ed-tech firm would delay payments for the month. In an email thanking his employees for not giving up, founder Byju Raveendran said he had to "move mountains" to make the payroll.
Founded in 2011, the company is facing lawsuits from lenders and allegations of Foreign Exchange Management Act (FEMA) violations, which has led to an acute financial crisis in the company that was once valued at $22 billion.
Mr Raveendran informed his employees that the January salaries have been paid despite being told they may have to wait till Monday.
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