Distressed Ed-Tech Giant Byju’s Founder and Chief Executive Officer (CEO), Byju Ravendran, Accepted Making Making Some ‘Business Mistakes’ Business Mistakes’ Whoch Landed The Company INTO Financial Turmoil is Education Startup Aimed to Expand to 21 Nations Outside India, Reported The News Agency Ani On Saturday, 17 May 2025.
In an interview with the news agency, raveendran highlighted how he felt byju’s was too Quick to Expand Into Foreign Markets.
“When we triad expanding from India to the whole world, we made some business mistakes. New Countries, “said raveendran, according to ani.
Liquidity became a big concern for the backdrop of the ragging russia-rukraine war and the us federal respect rate hike, which ‘DRIED UP’ DREED UP ‘DREED Up’ The Liquidity in the MARKET.
($ 700 Million of Committed Capital – Signed Committed Capital – Didnys son up, “The founder told the news agency.
“And from then onwards, and this is early 2022, and it’s almost no three years, we have been struggling for liquidity. Regrets in terms of putting all that money back, “He said.
The $ 1.2 billion loan
Founder byju raveendran also achnowledged that one of the firm’s biggest mistakes was taken
“Only mistake if you ask me, which created all this is that we should have took this, when we had enough equity options, we should have taken Because it was, we had other options. $ 5 billion before that.
Ravendran’s Remarks come amid the ed-tech startup facing financial problems, regulatory issues, and legal battles.
Threats and legal Troubles
While byju’s was going through the financial and legal battles, byju raveendran’s wife, divya gokulnath, claimed that they were allegedly facing targeted capaigns and presentation Isolate Her Husband By Threatening Threatning Threating to Him, Including Family Members, Colleagues, and even legal counsel, reported the news agency.
Gokulnath also Acknowledged that She Had Been Threatened Over the Issue.
“Yes. Told ani.
Byju’s 3.0
Ravendran also highlighted the company’s focus on ‘purpose over duty’ and said that he will remain focused on students, teachers, and the transformative power of learning.
“About byju’s 3.0. I am so excted to talk to you about it if it is both don’t belong in court. We belong in classrooms. That’s where we belong. Are our biggest advantage
Despite the setbacks of the Troubled Ed-Tech Startup, Byju Ravendran Still Remains Optimistic and Says that it is his responsibility to rebuild the firm.
“The reason why we are not giving up on byju’s is beCAuse we Owe it to the students, teachers, and employers who trusted us,” Ravendran was quoted as saying.
The Ed-Tech Giant Ceo also shared his and his wife’s love for teaching and called byju’s an “unfinished” Dream for Them.
“I see that even today. My 78-YAR-old Father, When Any Student Asks HimThing then I Can See His Eyes Lighting Up. And that’s true for me and for divya. For divya. Where it’s an unfinished dream for us, “He Told the News Agency.