â¹14,000 cr raised not enough to fix cash crunch: LeEco boss
LeEco Chairman Jia Yueting has said that the startup's cash problems are "far worse than expected," despite having raised over â¹14,000 crore in January. We thought the investment will solve all the problems, the result obviously did not meet our expectations, he reportedly said. Yueting previously admitted that LeEco was battling cash crunch after expanding at an unprecedented rate.