Byju Raveendran, the founding father of edtech big Byju’s, has vowed to show the struggling startup round. The 45-year-old shared a throwback image on X, stating that whereas he could also be broke, he isn’t damaged. “We’ll rise once more,” he affirmed.
As soon as a darling of worldwide traders and valued at $22 billion in 2022, Byju’s now finds itself entangled in authorized battles over $1 billion in unpaid money owed throughout courts within the US and India.
Broke, not Damaged. We’ll rise once more. pic.twitter.com/dAekepwCtf
— Byju Raveendran (@ByjuofBYJUS) March 30, 2025
Byju Raveendran’s newest replace comes a month after he broke his lengthy silence with an in depth assertion outlining his plans for a turnaround.
Nevertheless, his announcement was met with harsh criticism on X, the place customers accused him and the corporate of deceptive mother and father. A number of customers labelled Byju’s counsellors as “hooligans.”
A consumer wrote, “Karma hit you badly!”
One other consumer commented, “Sure, However do not be grasping. Your staff have been additionally grasping. Do not attempt to cheat folks within the title of their young children.”
“You shamelessly exploited the belief of hardworking Indian middle-class mother and father who sacrificed the whole lot for his or her youngsters’s future,” the third consumer wrote on X.
In the meantime, in February, addressing Byju’s monetary disaster and ongoing authorized points, Raveendran accused the corporate’s lenders and interim decision skilled (IRP) of misconduct.
He claimed that he and a number of other staff had obtained paperwork containing “conclusive proof” of felony collusion between EY India, US-based lender GLAS Belief, and IRP Pankaj Shrivastava.
“I’m sure a radical investigation will expose the reality. I urge the authorities to take quick motion,” Raveendran wrote on LinkedIn.
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