Challenges continue to mount for Byju’s, once celebrated as the posterboy of India’s growing startup ecosystem, as its employees are now considering legal action as they struggle to receive their salaries.
The insolvency crisis at ed-tech giant Byju’s has sparked widespread concern among its employees, reported news agency Reuters.
The report highlights the growing desperation among the workforce as they try to find a way to get away from what could become the largest insolvency in India’s tech startup sector.
Byju’s, once considered the epitome of success in the startup ecosystem, was valued at $22 billion in 2022.
The company rose to fame during the COVID-19 pandemic by offering online courses, which were in high demand as traditional…
