9Photo© dnaindia.comMeet man who once owned Rs 182600 crore company, it’s worth is now Zero, his business is…
, 9 news, 4 views
New Delhi: One of India’s leading edtech startups BYJU’S made headlines since it was founded in 2011 by Byju Raveendran and Divya Gokulnath. BYJU’S was once India’s biggest startup at a $22 billion valuation in 2022 and in April 2023, the company claimed it had over 150 million registered students.
Three key investors, Prosus, Peak XV Partners, and the Chan Zuckerberg Initiative have left the company, making fundraising difficult.
Now, the highly celebrated startup is zero. This was announced by BYJU’s Founder and CEO Byju Raveendran who has said that “the edtech startup, which was once India’s biggest startup at $22 billion valuation, is now worth zero”.
“ If they are ready to work with me, I am ready to give them back before withdrawing a single rupee. We’ve paid $140 million, but they wanted the full $1.2 billion that we had already committed or…
Byju Raveendran,
Byju’s founder Byju Raveendran ready to return money to lenders but…
“ The edtech startup, which was once India’s biggest startup at $22 billion valuation, is now worth zero,
Byju Raveendran,
Byju’s founder Byju Raveendran ready to return money to lenders but…