Byju’s processes employees’ salaries for May from business collections

Edtech firm Byju’s has processed employees’ May salaries from the month’s business collections, sources close to the company said on Monday.

Last year, the founders of the edtech firm had to pledge their house to raise debt for paying employees’ salaries.

“The salaries for the month of May have been processed for Byju’s employees and will be credited today. This milestone is particularly significant for Byju’s as the salaries have been paid from the company’s collections for the month,” a source said.