Byju Raveendran founder of Byju's declares the once-prominent edtech company is now "worth zero" amid insolvency and financial trouble. Byju Raveendran, the founder of Byju's, once hailed as India's largest startup, has recently declared that his education technology company is now "worth zero." This shocking statement comes as the company faces insolvency and a myriad of financial troubles. However, the startup has faced significant hurdles in recent months, including demands for unpaid dues and allegations of mismanagement, which the company continues to deny. The financial woes of Byju's have escalated in recent months, with boardroom shake-ups and criticism surrounding delayed financial disclosures adding to the company's troubles.

Source: dna October 20, 2024 03:56 UTC