‘Investors Were The First To Walk Away When…’ Byju’s Founder Admits To Missteps At Edtech Startup

‘Investors Were The First To Walk Away When…’ Byju’s Founder Admits To Missteps At Edtech Startup

Once valued at $22 billion at its peak, India's edtech startup Byju's, has now found itself at a difficult time. Hailed as a leader in education technology, Byju’s today, according to its founder, Byju Raveendran, is effectively worth zero. In a press conference on 17th October, Raveendran acknowledged his mistakes. He admitted to misjudging the market, overestimating the growth potential, and, most critically, moving too quickly with a wave of acquisitions.

It’s worth zero,’ Raveendran admitted bluntly, referring to Byju's current valuation.

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#byjus #raveendran #byjuraveendran #byjus

Mint is an Indian financial daily newspaper published by HT Media. The Mint YT Channel brings you cutting edge analysis of the latest business news and financial news. With in-depth market coverage, explainers and expert opinions, we break down and simplify business news for you.

[Nutank-zvjk]

In many videos, everyone is talked and talking about byjus teachers and employees..that is right what about the students and their parents who bought the package at high amount and didn't get any classes and mentors in return ????.... justice for them tooo

[varunshivan]

He still wont admit what he did wrong the most.

[deepakgeorge]

What was need to sponsor Indian cricket team..?

[Nitish_Tikoo]

he looted parents, he even looted his employees salary and pf

[VenkatRaman-jkyd]

It's not his money went to drain it's investors money, untrust worthy guy

[SonyGuitarCovers]

When you treat your employees like shit, this is Bound to happen. KARMA

[shailyagrawal]

I request everyone to help we students who have taken our future subscription from this institute to help us because of him our future is looking dark he is wasting time of us and not giving any responses please help...🙏🙏🙏

[issaaczala]

Rapid and fast expansion and acquisitions have always proven fetal for many organisations in the past. Byju's is added into it.

Great case study for existing players and future entrepreneurs.

[nishudeshwal]

Or hmara kha jo 2026 tkk ka course purchase kre baithe hain??

[ShadishInd]

It's strange and foolish that Ravindran is blaming everyone except What about the frauds he had are not foolish to just to walk away after investing so

[afsallais]

Unethical looting wont go long way. You were as greedy as investors.

[souravbasak]

Arrogance and worst behaviour with employees and customers hit hard in Byjus bump, a pure mother…..r

[Gapsi]

They scammed lots of people ..the exam prep app is not working .the site is blocked..poor middle class couldn't do anything..he is a great bastard

[ClaudetteHeininger]

Appreciate the detailed breakdown! I have a quick question: My OKX wallet holds some USDT, and I have the seed phrase. (alarm fetch churn bridge exercise tape speak race clerk couch crater letter). What's the best way to send them to Binance?

[karthikk]

Everyone knows even zero has a value in it

[prashantsingh-ulfb]

Come to India soon and face the law or else Lawrence bishnois team will take care in Dubai

[sakshambhadoria]

Bad strategic decisions and changing business scenarios outdone byjus.

[gutsy]

I want to know what drives his arrogance (or passion as he would say)?

[tareqislam]

He was a rookie. Ppl like him should stick to their coaching business

[xcnulht]

😂😂😂😂😂 all the valuations are worthless