“Reports Indicate SRK’s Potential Non-Renewal of Endorsement Deal with Byju’s”

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The actor has been associated with the brand since 2017

Byju’s may not renew its endorsement deal with Shah Rukh Khan, according to media reports.

As per a report on Economic Times, the actor’s team was “hesitant to continue the association with the brand”.

SRK has been endorsing the brand since 2017.

The edtech company is going through a rough patch due to defaulting on an interest payment of $40 million over its loan of $1.2 billion.

It has also laid off nearly 1,000 employees from the sales and marketing teams.

Byju’s co-founder and CEO Byju Raveendran recently wrote to his employees saying that the layoffs at the company were taken as a ‘last resort’, media networks have reported quoting the mail.

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