Operating liabilities pile up to Rs 2,000 crore at Byju’s

There’s little clarity about how the beleaguered edtech company plans to pay off the mounting dues, even as its founders remain unscathed.

It was a warm day late last August. Inside Byju’s corporate office in Bengaluru, desperation hung heavy in the air. A man in ragged clothes walked in with his family in tow. 

“Pay my dues now or I will kill myself and my family,” he threatened as his eyes seemed to bore into the stunned onlookers.

The man was a printing vendor to whom Byju’s owed Rs 20 lakh in dues. After months of following up on the payments through official channels unsuccessfully, his patience, like his savings, was wearing thin. Barging into Byju’s office with the threat of killing …

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Pradip K. Saha

Pradip is a co-founder at The Morning Context and leads our newsletters vertical. He has previously worked at The Ken as a staff writer, at Mint as an assistant features editor and the Deccan Chronicle as a copy editor. He works with a slew of expert newsletter writers across subjects and domains. His own writing spans the gig economy, farmers caught in the crossfire of technology, global warming and parents trapped in the edtech wave. Some of his best stories have come at the intersection of technology and human endeavour.

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pradip@mailtmc.com

Delhi