Byju Raveendran, CEO of Byju’s, explained delayed July salaries. He assured salaries would be paid, noting his brother Riju’s Rs 1,600 crore contribution over two years.

Over 160-200 former Byju's employees have approached Karnataka Labour Minister Santosh Lad to urge Byju's to settle their ₹4.5 crore outstanding salary dues.

Byju’s, once valued at $22 billion, is now deemed worthless by HSBC. Other Indian startups also saw drastic valuation drops in HSBC's report.