SOURCE : NEW18 NEWS
Last Updated:May 19, 2025, 09:09 IST
Byju Raveendran opened up about his edtech company’s changing dynamics, legal troubles and comeback.
Byju Raveendran is charting a comeback plan. (Photo Credits: Instagram)
After months of legal troubles and financial setbacks, Byju Raveendran is charting a comeback plan for his embattled edtech firm. The Byju’s founder and CEO, who once helmed India’s most valued startup, said he is ready to take the company “back to where it all began” — the classroom. Raveendran also addressed the ongoing lawsuits and reflected on the missteps that led to the company’s dramatic fall.
In a conversation with ANI, Byju Raveendran introduced Byju’s 3.0, stating, “I am so excited to talk to you about it because we both don’t belong in courtrooms. We belong in classrooms. That’s where we belong. And these classrooms, being based in India, are our biggest advantage. It’s a country where there is so much respect for teachers, so much respect for learning.” Noting that the company was never about personal gains, he shared that there was only one mission and everything was invested in one place, and thus, he wouldn’t be giving up so easily.
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“The reason why we are not giving up on BYJU’S is because we owe it to the students, teachers, and employees who trusted us. That’s why we’re not giving up. BYJU’S 3.0 will stay true to our original mission,” he continued. While Raveendran refrained from revealing further details about Byju’s 3.0, he teased that the new model could adapt AI learning to enhance teachers and help underperforming students.
“I am not in a position to disclose what that will be. I can assure you that it will again be built on the same mission, which is to create a love for learning for students. Everything that we’ll do will create an impact at a scale that we’ve not been able to do before,” he said.
Elsewhere in the conversation, the CEO discussed Byju’s financial issues and revealed that a few investors in the company had attempted to take control, with most being from US-based lenders. “There were a couple of investors who tried to take control of the company. Some even tried to steer the narrative due to concerns about personal liability, especially when the company was facing litigation. They made more than anyone could have imagined; however, only by protecting their own interests. The origin is from some US-based lenders and not our equity investors,” Raveendran told the agency.
Following its rapid expansion during the COVID-19 pandemic, Byju’s started facing issues with cash flow, and eventually got into a dispute with creditors over a $1.2 billion term loan in 2021.
- Location :
Delhi, India, India
- First Published:
May 19, 2025, 09:08 IST
