data-ga-onclick=”Inarticle articleshow link click#Tech#href” target=”_blank” href=”https://economictimes.indiatimes.com/tech/startups/byju-raveendran-divya-gokulnath-outline-future-plans-deny-wrongdoing-amid-legal-troubles/articleshow/(/panache/panache-people-101/byju-raveendran)/profileshow/79679651.cms”>Byju Raveendran, founder and CEO of embattled ref=”dofollow” data-ga-onclick=”Inarticle articleshow link click#Tech#href” href=”https://economictimes.indiatimes.com/topic/edtech-giant” target=”_blank”>edtech giant Byju’s, has spoken out about the company’s turbulent journey, acknowledging past mistakes while outlining a vision for the future. Speaking to ANI alongside cofounder ref=”dofollow” data-ga-onclick=”Inarticle articleshow link click#Tech#href” href=”https://economictimes.indiatimes.com/topic/divya-gokulnath” target=”_blank”>Divya Gokulnath, Raveendran defended the company’s actions and criticised what he called a false narrative against Byju’s.
Key takeaways
On the $1.2 billion term loan
Raveendran admitted that taking the $1.2 billion term loan in 2021 was a mistake, particularly given the availability of equity options at the time.
- Quote:…
