Byju's Reaches Settlement with BCCI Over Rs 158 Crore Payment - Funding Raised

Byju’s Reaches Settlement with BCCI Over Rs 158 Crore Payment

Embattled edtech firm Byju’s has agreed to pay Rs 158 crore to the BCCI, settling a dispute. Byju’s paid Rs 50 crore, with the rest due by August 9. The settlement, led by co-founder Riju Raveendran, follows the NCLAT’s demand for an undertaking to ensure funds are not misused. This comes amid ongoing financial and leadership challenges for Byju’s.

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