Byju Raveendran apologises to employees, pledges support amid challenges

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Byju Raveendran apologises to employees, pledges support amid challenges - Business Standard

Quick Summary:

He mentioned that US-based lenders have filed a flimsy case, staking a claim on the company’s India assets.“But they have no entitlement to these assets, as per the agreement we signed with them.

Byju’s was valued at $22 billion in 2022 but has seen its fortunes dwindle due to various regulatory issues and disputes with investors, triggering the firm’s insolvency.

We serve millions of students across the country, and we do that through the tireless efforts of thousands of teachers like you,” said Raveendran.