MUMBAI: India’s most valuable startup BYJU'S, which has just extended its Team India shirt sponsor deal with the BCCI for another 18 months (until the end of 2023), is on a major cost-cutting exercise.
While the $22 billion edtech major's shirt sponsor deal extension is valued at around $55 million in toto, or roughly $1m per game that Team India will play over the next 18 months, it is now more in the news for eliminating as many as 2,500 jobs across its group companies in recent days and pushing back on payments for a $1 billion acquisition it announced last year.
