Addressing a gathering of 1,500 sales associates and managers, Byju Raveendran outlined a revamped sales strategy focused on scalability and flexibility. One of the key highlights of this strategy is the reduction in subscription fees, with the annual subscription for the Byju's Learning App now available at a discounted price of Rs 12,000, inclusive of taxes. 

 Raveendran stated, "Our rights issue is fully subscribed and my gratitude to my shareholders remains strong." he emphasized, "My benchmark of success is the participation of all shareholders in the rights issue, we have built this company together and I want us all to participate in the renewed mission. Your initial investment laid the foundation for our journey and this rights issue will help preserve and build greater value for all stakeholders"

Indian Edtech giant Byju's financial troubles are far from over as founder Byju Raveendran has reportedly used his residence, along with homes owned by his family members, as collateral to secure funds.