Byju’s offers to pay higher interest rate on $1.2B loan; Rajesh Gopinathan’s ops model may have led to unease at TCS
Happy Monday. Byju’s has held discussions to pay higher interest rates to its lenders for the $1.2 billion loan the company picked up in November 2021, per sources in the know. This and more in today’s ETtech Morning Dispatch. Also in this letter:■ Livspace fires nearly 50% tech, product staff■ Generative AI – an unfolding opportunity and challenge■ Microsoft’s big AI pushExclusive: Byju’s offers to pay higher interest rate on $1.2 billion loan Hi Digbijay here in Bengaluru. Byju's picked up a TLB (term loan B) of $1.2…