NEW DELHI (Reuters) – India’s Employees Provident Fund Organisation observed a shortfall in Indian edtech startup Byju’s from August last year to May 2023, labour ministry sources told Reuters on Tuesday.
The company deposited 1.23 billion rupees ($15.01 million) after the EPFO issued a direction, the sources said.
They said the remaining balance of 34.3 million rupees would be deposited within a couple of days.
Reuters has contacted the company for comment.
($1 = 81.9540 Indian rupees)
(Reporting by Sarita Chaganti Singh, Writing by Shilpa Jamkhandikar; Editing by Alison Williams)
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