Byju Raveendran, Divya Gokulnath outline future plans, deny wrongdoing amid legal troubles

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Byju Raveendran, founder and CEO of embattled 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 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.

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Byju Raveendran, Divya Gokulnath outline future plans, deny wrongdoing amid legal troubles


Byju Raveendran, founder and CEO of embattled 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 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:…



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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