Byju Raveendran, the man behind the tech giant Byju's, has pledged his residential properties, including those owned by his family, as collateral to secure funds for the salary of its employees, according to a Bloomberg report.

This move has enabled the borrowing of $12 million (around Rs 1.6 billion), which was subsequently utilised to meet payroll obligations for 15,000 employees at Think & Learn Pvt., Byju's parent company.

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As Byju's navigates financial intricacies, industry observers anticipate how these strategic moves will impact the edtech giant's future.

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