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Byju’s searches for urgent cash to manage liquidity crisis

The Arc WebThe Arc Web · 1y
Byju’s searches for urgent cash to manage liquidity crisis

Think & Learn, the parent company of Byju's, needs to raise $120-130 million urgently to cover pending payments and operational costs. After a period of rapid expansion and acquisitions, Think & Learn is now facing a liquidity crunch and has implemented layoffs and scaled back loss-making subsidiaries. Efforts to reduce the monthly operating burn rate have been successful, and discussions with existing investors are underway to secure the necessary funds. CEO Byju Raveendran may also use his personal fortune to support operations. The company is undergoing a restructuring process, including selling off global acquisitions to repay creditors. Various challenges, such as legal disputes and penalties for misleading advertisements, have further added to its troubles.

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