Anto Antony / Bloomberg:

Sources: Byju's founder Byju Raveendran pledged his and his family's homes as collateral to borrow ~$12M to raise ~$400M in debt to pay staff amid a cash crunch  —  - Founder has raised $400 million in debt to keep firm afloat  — Company is also seeking to raise funds through asset sales

Anto Antony / Bloomberg:

Sources: Byju's founder Byju Raveendran pledged his and his family's homes as collateral to borrow ~$12M to raise ~$400M in debt to pay staff amid a cash crunch  —  - Founder has raised $400 million in debt to keep firm afloat  — Company is also seeking to raise funds through asset sales

Source: TechMeme
Source Link: http://www.techmeme.com/231204/p9#a231204p9