Byju’s saga: Financial discipline biggest lesson for startups, says Simplilearn Co-founder ...Middle East

New Delhi: As embattled edtech firm Byju’s finds itself mired in several controversies, one learning that startups can take from this episode is to ensure “financial discipline”, Simplilearn Co-founder and COO Kashyap Dalal said on Sunday. Facing an uphill battle with the investors, Byju’s is yet to process the salaries of its more than 20,000 employees for the month of February. The amount raised through the rights issue is currently locked in a separate account “at the behest” of some key investors, its founder and CEO Byju Raveendran has told employees. Dalal told IANS that the entire Byju’s story had gone wrong after multiple rounds of funding when they got into ‘financial engineering’.

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