CFOs in demand at startups amid funding winter, profitability woes

An increasing number of tech companies and startups are scouting for experts ranging from CFO's to industry executives to manage financial affairs and corporate governance amid a funding winter

Peerzada Abrar Bengaluru
startups, funding, business

Photo: Pexels

Last year, the Ministry of Corporate Affairs asked edtech giant Byju’s to explain why it hasn’t filed its audited financials for the year ending March 2021. It also sent Byju’s parent company a letter asking them to explain the seventeen-month delay in filing audited accounts. Earlier this year Byju’s reportedly sought more time from lenders to renegotiate an agreement governing a $1.2 billion loan that is in breach of covenants, according to people familiar with the matter. One of the terms set by the lenders was asking the firm to hire a chief financial officer (CFO). All these challenges are expected to be resolved as the Bengaluru-based fir

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First Published: Apr 19 2023 | 5:25 PM IST

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