Broke, not broken: Byju Raveendran reveals all on company’s rise, decline and hope for redemption

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Byju Raveendran, founder of India’s once-celebrated edtech giant Byju’s, has for the first time opened up about the company’s rapid rise and descent and what he calls a lost opportunity for India.

Raveendran said he had a vision to create a million teaching jobs–a mission he believes was derailed by “the greed of a few vulture lenders in the US.”

In an interview with ANI, Raveendran said, “Two years back, we were sitting on thousands of crores. Today, we have nothing. After finishing that, we have raised a few hundred more crores from, because many…



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Broke, not broken: Byju Raveendran reveals all on company’s rise, decline and hope for redemption


Byju Raveendran, founder of India’s once-celebrated edtech giant Byju’s, has for the first time opened up about the company’s rapid rise and descent and what he calls a lost opportunity for India.

Raveendran said he had a vision to create a million teaching jobs–a mission he believes was derailed by “the greed of a few vulture lenders in the US.”

In an interview with ANI, Raveendran said, “Two years back, we were sitting on thousands of crores. Today, we have nothing. After finishing that, we have raised a few hundred more crores from, because many…



Source link

Disclaimer

We strive to uphold the highest ethical standards in all of our reporting and coverage. We StartupNews.fyi want to be transparent with our readers about any potential conflicts of interest that may arise in our work. It’s possible that some of the investors we feature may have connections to other businesses, including competitors or companies we write about. However, we want to assure our readers that this will not have any impact on the integrity or impartiality of our reporting. We are committed to delivering accurate, unbiased news and information to our audience, and we will continue to uphold our ethics and principles in all of our work. Thank you for your trust and support.

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