Byju’s Founder Admitted Edtech Value Has Dropped to ‘Zero
Byju Raveendran, the founder of Byju's, once a big player in the edtech game with a $22 billion valuation, now says the company is basically worthless. He blames this on some bad decisions, fast expansion, and a tough market that got worse when key investors pulled out. Despite the gloomy news, Raveendran is still holding out hope for a bounce-back.
By Vishal Kumar
October 19, 2024