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Byju Raveendran Plans New EdTech Venture Amid Byju’s Turmoil!

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Byju Raveendran, the founder of Byju’s, a leading edtech company currently facing significant operational and financial challenges, has announced plans to launch a new edtech venture. Raveendran stated that this new initiative would operate at “half the cost” of his struggling company, Think & Learn. He emphasized his commitment to finding innovative ways to teach, even if it means shutting down the parent company.

Criticism of Investors

Raveendran criticized his investors for their role in the decline of Byju’s, claiming they aggressively supported the company during its rapid expansion but quickly distanced themselves at the first signs of trouble. He expressed disappointment that the only individuals continuing to invest in the company are the founders themselves.

In a recent call with journalists, Raveendran remarked:

“Investors didn’t care about students or parents; they just wanted me to create a $100-billion company.”

His comments come in light of legal actions taken by Byju’s top investors, including Sofina, Peak XV, Prosus, and General Atlantic, who are seeking to remove him from his position due to allegations of mismanagement.

Defense of Decision-Making

The founder defended the decision-making process at Byju’s, asserting that all strategic choices were made with the agreement of the investors. He pointed out that he received considerable backing for the controversial acquisition of Whitehat Jr., while facing resistance regarding the purchase of Aakash, which has proven to be one of Byju’s more successful assets.

Acknowledgment of Past Miscalculations

Raveendran acknowledged past miscalculations, admitting that the company had overestimated growth potential, especially as pioneers in the global edtech sector. Currently, Byju’s is dealing with multiple legal disputes involving lenders and investors.

Financial Struggles and Legal Challenges

Although the value of its parent company, Think & Learn, has plummeted to zero, Raveendran claimed that 26 subsidiaries of Byju’s collectively report an annual recurring revenue (ARR) of ₹5,500 crore. At its peak in 2021, Byju’s reported revenues of ₹10,000 crore, but Raveendran noted that the core business has now dwindled to zero.

Mounting Debt and Insolvency Proceedings

Byju’s is facing a severe financial crisis marked by mounting debt. The company owes over $1.2 billion to U.S. banks and is currently undergoing insolvency proceedings. Reports indicate that Byju’s has not made a single payment in over 17 months, leading to increased scrutiny from creditors.

Employee Layoffs and Company Restructuring

In response to its financial challenges, Byju’s has laid off thousands of employees over the past two years. The company is undergoing a restructuring exercise aimed at simplifying operating structures and reducing costs. Current and former employees have claimed unpaid dues exceeding ₹300 crore, adding to the turmoil within the organization.

Investor Relations and Future Outlook

The ongoing conflict between Raveendran and investors has raised concerns about Byju’s future. Shareholders have moved resolutions seeking his ouster from leadership roles amid allegations of mismanagement. The situation remains tense as both parties navigate legal challenges and financial instability.

Conclusion

Byju Raveendran’s announcement of a new edtech venture amid Byju’s turmoil reflects both his resilience and the significant challenges facing the company. As he seeks to innovate in education at a lower cost, the path forward will depend heavily on resolving ongoing legal disputes and restoring investor confidence.

With mounting debt and internal strife, Byju’s must navigate a complex landscape if it hopes to emerge from its current crisis. The outcome will not only impact Raveendran’s vision for education but also serve as a cautionary tale within India’s rapidly evolving startup ecosystem.

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Kerala Startup E-Quark Launches Innovative Mobile Holder with Built-In Charger

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Equark - StartupStories

Kerala-based startup E-Quark Molecule Innovations Pvt Ltd, headquartered in Thrissur, has introduced an innovative device called Keratin that combines a mobile phone holder with a built-in charger. This unique gadget is designed to offer users a convenient solution to hold and charge their smartphones simultaneously, addressing the common challenge of managing power supply while using mobile devices.

The device enhances user experience by integrating two essential functions into one compact design. It securely holds the phone while providing efficient charging, making it perfect for use on desks, bedside tables, or other personal spaces where easy access and power are needed. This innovation aligns with the growing trend of multifunctional mobile accessories that prioritize both convenience and practicality.

E-Quark Molecule Innovations is a key player in Kerala’s dynamic startup ecosystem, which has been rapidly expanding in tech-driven areas such as electric vehicle charging infrastructure. With the launch of this mobile holder-charger, the company is establishing itself as a leader in user-centric mobile accessories, further cementing Kerala’s position as a hub for cutting-edge technology development.

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New Instagram Features Let Users Customize Profiles and Share Quietly

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Instagram Grid

Instagram is rolling out two major features in June 2025 that promise to give users unprecedented creative control and privacy: grid rearranging and silent posting. The long-awaited grid rearranging tool allows users to freely drag and drop posts anywhere on their profile grid, breaking away from the traditional chronological order. This means users can now curate their profiles for a more visually appealing or thematic presentation, without the hassle of deleting and reposting content—an update especially welcomed by brands, creators, and anyone meticulous about their digital aesthetic.


In tandem, Instagram is introducing the “Post quietly to profile” feature, which lets users add photos and videos to their grid without notifying followers or pushing the content to their feeds. This silent posting option is ideal for those who want to document moments privately, experiment with new content, or maintain a cohesive grid without spamming their audience. It’s designed to reduce the pressure of public sharing, making Instagram a more comfortable space for personal expression and experimentation.

 

These updates reflect Instagram’s commitment to user empowerment and flexibility, responding directly to years of feedback. As Instagram head Adam Mosseri stated, the goal is to help users “create and share without added pressure,” giving them more freedom over how their content appears and how they engage with their audience.

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Zepto Delays IPO to Focus on Profitability and Indian Ownership

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Zepto - StartupStories

Overview

Zepto, a leading quick commerce startup, has postponed its planned IPO to early 2026, shifting its focus to achieving profitability and increasing Indian shareholding before going public.

Key Reasons for Delay

  • Profitability Focus: Zepto aims to reach EBITDA break-even before listing, unlike many tech firms that went public while still loss-making.
  • Market Uncertainty: Ongoing global and domestic market volatility influenced the decision to wait for more stable conditions.
  • Peer Comparison: The company wants to present a stronger profit profile, learning from the performance of rivals like Swiggy and Zomato (now Eternal).

Boosting Domestic Shareholding

  • Target: Zepto plans to raise Indian ownership to at least 51% to comply with FDI norms and reinforce its Indian identity.
  • Actions: The company is conducting secondary share sales to Indian investors and founders are increasing their stakes by buying from foreign investors.
  • Progress: Domestic ownership has reached about 40-44%, with expectations to surpass 51% before the IPO.

Financial and Operational Updates

  • Efficiency Drive: Zepto is optimizing operations, running over 900 dark stores and offering 48,000 SKUs, to reduce cash burn and move toward profitability.
  • Challenges: The company faces stiff competition from Swiggy Instamart and Blinkit, leading to higher costs, and has dealt with operational pauses and regulatory scrutiny in some regions.

Outlook

Zepto remains positive about its future, aiming to raise around $800 million in its IPO and attract both domestic and international investors. CEO Aadit Palicha emphasizes building a sustainable, majority Indian-owned business before entering the public market.

Summary: Zepto’s IPO delay reflects a strategic focus on financial stability and regulatory compliance, with profitability and Indian ownership at the forefront.

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