Byju’s, Once Valued at $22 Billion, Now Has ‘Zero’ Net Worth, Says Founder Byju Raveendran
Byju Raveendran, the founder and former CEO of Byju’s, recently revealed that the ed-tech giant, once valued at $22 billion, now has a “zero” net worth. In a statement to journalists, Raveendran emphasized the financial challenges the company faced due to its rapid expansion and acquisition of over 24 startups, leading to a crisis in…