CosmicTaco
CosmicTaco

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

8mo ago
Talking product sense with Ridhi
9 min AI interview5 questions
Round 1 by Grapevine
No comments yet

You're early. There are no comments yet.

Be the first to comment.

Discover more
Curated from across
Indian Startups
by GoofyPenguinAmdocs

BYJU’S: An Empire That Was

Ever wonder how a teacher became a billionaire? That's the BYJU'S story, as told by Inc42's Bismah Malik. Buckle up, it's quite a ride.

Back in 2010, Byju Raveendran was teaching in stadiums. Yes, stadiums. He was that good. Fast forw...

Post image