Connect with us

Latest News

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

Published

on

Byju Raveendran Plans New EdTech Venture Amid Byju's Turmoil!,Startup Stories,Startup Stories India,Latest Technology News and Updates,2024 Technology News,Tech News,Byju Raveendran,new EdTech venture,Byjus turmoil,Byjus financial challenges,EdTech industry trends,online education startups,Byjus future plans,education technology news,Byjus market position,investment in EdTech,Byjus restructuring,online learning innovations,educational technology initiatives,Byjus leadership changes,EdTech startup funding,Byjus Financial Struggles,Byjus Legal Challenges,Byjus Employee Layoffs,Byjus,Byjus New Venture,Byjus New EdTech Venture,EdTech venture,Raveendran,Byju Raveendran Plans

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.

Continue Reading
Advertisement
6 Comments

6 Comments

  1. Cecpuvhz

    May 24, 2025 at 1:47 am

    Explore the ranked best online casinos of 2025. Compare bonuses, game selections, and trustworthiness of top platforms for secure and rewarding gameplayBonus offer.

  2. GO88

    November 6, 2025 at 7:15 pm

    Tham gia cộng đồng game thủ tại Go88 để trải nghiệm các trò chơi bài, poker phổ biến nhất hiện nay.

  3. MM88

    November 6, 2025 at 8:36 pm

    Với giao diện mượt mà và ưu đãi hấp dẫn, MM88 là lựa chọn lý tưởng cho các tín đồ giải trí trực tuyến.

  4. 谷歌蜘蛛池

    November 7, 2025 at 12:31 am

    利用强大的谷歌蜘蛛池技术,大幅提升网站收录效率与页面抓取频率。谷歌蜘蛛池

  5. 站群程序

    November 9, 2025 at 3:49 pm

    采用高效谷歌站群策略,快速提升网站在搜索引擎中的可见性与权重。谷歌站群

  6. ios超级签

    November 13, 2025 at 3:51 am

    苹果签名,苹果超级签平台,ios超级签平台ios超级签苹果企业签,苹果超级签,稳定超级签名

Leave a Reply

Your email address will not be published. Required fields are marked *

Latest News

Zoho Pay Debuts as India’s New UPI Challenger, Taking on PhonePe, Paytm, and Google Pay

Published

on

Zoho Payment

Zoho Corporation has expanded its fintech portfolio with the launch of Zoho Pay, a UPI-based payments app built to challenge India’s top digital payment giants such as PhonePe, Paytm, and Google Pay. The new app supports peer-to-peer transfers, bill payments, QR-based transactions, and merchant settlements in a streamlined interface. Available as both a standalone app and an integrated feature inside Zoho’s privacy-driven messenger Arattai, Zoho Pay enables users to handle chats and payments in one platform, emphasizing data privacy and Made-in-India innovation.​

Through seamless integration with Arattai, Zoho Pay allows users to send or request payments, split expenses, and conduct UPI-based transactions directly in their chat windows. Users can link bank accounts, scan dynamic QR codes, and receive audio confirmations of payments, ensuring speed and security. This design mirrors the simplicity of India’s leading UPI apps but is powered by Zoho’s non-advertising, privacy-first model. The integration aligns with Zoho’s mission to build a self-reliant digital ecosystem, where messaging and money management coexist securely.​

In the competitive digital payments market, Zoho Pay differentiates itself through its tight business software integration with apps like Zoho Books, Zoho Payroll, and Zoho Commerce, offering small businesses unified access to payments, billing, and accounting. The company is also expanding its reach with POS devices for merchants featuring UPI QR, card payments, and instant reconciliation tools. With founder Sridhar Vembu’s vision of a ‘Chat + Pay’ ecosystem, Zoho Pay reflects a bold step toward redefining India’s fintech scene with a secure, ad-free, and locally developed alternative to global payment platforms.

Continue Reading

Latest News

Meta Expands AI-Powered Reels Translation to Hindi and Portuguese, Enhancing Global Creator Reach

Published

on

Meta has expanded its AI-powered translation feature for Reels to include Hindi and Portuguese, joining English and Spanish in empowering creators to reach a broader global audience on Instagram and Facebook. Originally launched in August 2025 with support for English and Spanish, this update now allows creators to seamlessly translate and dub their short videos, breaking language barriers across some of the largest Reels markets worldwide. The AI technology mimics the creator’s voice tone and even offers lip-syncing to ensure the translated videos feel natural and engaging for viewers.​

This enhancement is especially significant for India, the largest market for Facebook and Instagram, where over 600 million people speak Hindi. Content creators who are not fluent in Hindi can now easily access this vast audience, increasing their reach and engagement across diverse linguistic groups. To maintain transparency, all translated Reels are clearly labeled with “Translated with Meta AI,” and viewers can choose to switch translations on or off based on their preference.​

In addition to voice dubbing, Meta is developing features to translate captions and text stickers on Reels, making content more accessible even without sound. These AI translation tools are available free for eligible public Instagram accounts and Facebook creator profiles with over 1,000 followers. This innovation reinforces Meta’s commitment to fostering cross-cultural content sharing and enhancing creators’ ability to connect with audiences around the world through short-form videos.

Continue Reading

Latest News

Dunzo’s Collapse: Reliance’s ₹1,645 Crore Loss Signals Challenges in India’s Hyperlocal Delivery Market

Published

on

Startup Stories

Reliance Industries has officially written off its $200 million investment in Dunzo, a once promising quick-commerce startup in India. Despite high-profile backing and the potential to disrupt the hyperlocal delivery sector, Dunzo faced insurmountable challenges including high operational costs, unsustainable cash burn, and stiff competition from larger players like Zepto and Blinkit. Reliance’s decision follows Dunzo’s operational suspension, leadership exits, and failed attempts at securing additional funding or acquisition partners, ultimately resulting in the company’s digital platforms going offline in early 2025.​

The downfall of Dunzo was accelerated by its inability to maintain a healthy balance between rapid expansion and revenue growth, with losses in FY23 reaching an alarming ₹1,800 crore. With monthly expenses crossing ₹100 crore and mounting pressure to scale, Dunzo resorted to layoffs and delayed payments before shutting down most services outside Bengaluru. Reliance’s significant stake, initially seen as a strategic advantage, ended up limiting the startup’s flexibility in making independent decisions during its final months.​

Reliance’s write-off sends a strong message to India’s startup ecosystem about the risks inherent in quick-commerce and hyperlocal delivery models. Investors are increasingly focused on sustainable growth, disciplined scaling, and profitability. For Reliance, lessons from Dunzo’s collapse are shaping future e-commerce strategies, driving greater emphasis on operational efficiency and prudent financial planning in an intensely competitive market.

Continue Reading
Advertisement

Recent Posts

Advertisement