CEO Byju Raveendran and CFO Ajay Goel addressed the investors, calling the current quarter a ‘defining’ one as the edtech tries to set itself straight
Raveendran has assured the investors that the TLB conversation should wrap up by the end of August, while talks with Davidson Kempner are also going well
Investor representatives from General Atlantic, Peak XV Partners, Prosus and Chan Zuckerberg Initiative, were also present during the call
Edtech giant BYJU’S held a call with more than 110 investor representatives on Monday (August 14) to update them on the ongoing negotiations with the lenders of its $1.2 Bn Term Loan B, audited results and other issues plaguing the edtech decacorn at the moment.
The edtech giant is currently grappling with issues across the board, mostly stemming from the delays on its part to file its audited financial statements for FY22. These issues have led to confrontations with lenders, investors and stakeholders alike for BYJU’S.