Byju’s founder pledges homes to raise funds for staff salaries

Byju Raveendran, founder of Byju's, pledged his family's homes in Bengaluru and an under-construction villa in Epsilon as collateral to borrow $12 million to pay salaries to employees. The company is fighting to keep afloat amid financial pressures, including a legal battle with creditors over a missed interest payment on a $1.2...