India, April 22 -- After multiple delays in disbursing the employee salaries for the month of March, beleaguered edtech giant BYJU'S cleared part of the pending salaries on Saturday (April 20), sources told Inc42.

"Teachers and people at the lower end of the pyramid have been paid 100%," the sources added.

Founder and CEO Byju Raveendran took more personal debt to clear the salaries, one of the sources told Inc42.

The development was first reported by Moneycontrol. The report said that BYJU'S initially cleared the complete salaries for two teams, while the employees of the remaining teams received half of their salaries recently.

BYJU'S is facing a severe cash crunch, which has resulted in it delaying disbursement of employee salaries...