According to reports, BYJU’s has been late on payments of 45-50 crore rupees to Salesforce, Tableau, and Tooljet since roughly two months ago.
According to sources, the edtech business BYJU’S has failed to pay overdue debts to Salesforce, Tableau, and Tooljet, and as a result, its workers no longer have access to the CRM (customer relationship management) firms’ data management tools. The staff lost access to the tools on August 31. According to a Moneycontrol audit, BYJU’S has not paid its bills to Salesforce, Tableau, and Tooljet in around two months, according to a top executive. According to the assessment, the total vendor debt is between Rs. 45 and Rs. 50 crore.
Employees believe that the unexpected shutdown of these systems has hampered BYJU’s commercial operations. LeadSquared, which provides CRM solutions for sales execution and marketing automation, has similarly lowered the amount of assistance it offers to Byju Raveendran’s company. Due to nonpayment of dues since December of last year, the ecommerce automation platform Orderhive will also cease operations on September 1.
Salesforce, a global customer relationship management (CRM) service platform, focuses on customer care, marketing automation, analytics, and application development. Firms may also increase their data visualization and analytical skills by utilizing data visualization solutions such as Tableau and Tooljet. Three top executives departed the Bengaluru-based business earlier this week, adding to the company’s departure as it struggles with a host of issues.
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Among the most recent departures were Pratyusha Agarwal, BYJU’s Chief Business Officer, Himanshu Bajaj, BYJU’s Tuition Center’s Business Head, and Mukut Deepak, BYJU’s Business Head of Classes 4-10 Online and Home Tuitions. Cherian Thomas left BYJU’S as senior vice president for international business to become CEO of Impending, a company that specializes in software and mobile game apps.
Deloitte resigned as BYJU’s auditor in June of last year after the business failed to file its financial records for FY22 and FY23. Aakash is also at odds with lenders over a $1.2-billion term loan B, as well as with the US-based investment group Davidson Kempner over the latter’s test preparation business.
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