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'Broke, not Broken. We will rise again': Byju Raveendran promises comeback and Byju's relaunch

  • Byju Raveendran, the founder of troubled edtech startup Byju’s, has expressed determination to rebuild the company after months of financial turmoil.
  • Despite facing deep financial distress, debt, layoffs, investor lawsuits, and regulatory scrutiny, Raveendran pledged to rehire former employees once the company is relaunched.
  • Byju’s, once India’s most valued startup, has lost billions in valuation, missed loan repayments, and faced criticism from customers and employees.
  • Since its inception, Byju's has raised over $6 billion in funding from investors.

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