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Byju's Is Now Bankrupt; Parents Cheated, Staff Unpaid, Another Mallya In Making? | Urban Debate
Posted
October 18, 2024
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22:21Now PlayingIn this episode of Urban Debate, anchor Ritangshu Bhattacharya discusses Byju Raveendran, founder of Byju's, acknowledged overestimating the growth potential of his ed-tech company, now facing insolvency. Once valued at $22 billion, Byju's rose to prominence during the COVID-19 pandemic, offering online education in over 21 countries. However, it has recently faced allegations of mismanagement and demands for unpaid dues, which the company denies. “The company is worth zero. What valuation are you talking about? It is zero,” Raveendran said in a video conference with reporters from Dubai. Despite the challenges, he remains hopeful of turning things around.
A panel of experts has joined Ritangshu Bhattacharya to discuss this in detail. Co-founder, Morning Context, Pratik Saha shares his views on where the edtech firm went wrong and says “Byju's could not maintain its profit over the years..” Watch the full discussion to know more and follow Mirror Now for the latest updates.
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