BYJU'S On The Verge Of A Turnaround, Investors Ready To Back The Company: Byju Raveendran

- BYJU'S founder and CEO Byju Raveendran claims the company is on the brink of reversing its negative business cycle and launching BYJU'S 3.0, an AI-driven educational platform. - Raveendran stated that the founders have infused approximately INR 7,500 Cr into the company over the past 29 months to meet operational needs. - The company has failed to clear July 2024 salaries, with Raveendran blaming lenders and promising prompt payment once control is regained. - Despite financial challenges, BYJU'S remains the largest edtech platform globally with 150 Mn monthly users, transitioning to a sustainable business model. - Raveendran addressed ongoing legal battles with US-based lenders and denied any personal investigation by the Directorate of Enforcement. Source: [Inc42](https://inc42.com/buzz/byjus-on-the-verge-of-a-turnaround-investors-ready-to-back-the-company-byju-raveendran/)