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Byju Raveendran has created something very remarkable with the adventure that Byju's has taken on. The edtech behemoth, which started out small but has since transformed the education sector, is presently the most valuable company in India.
Byju’s, once hailed as one of India’s most successful startups, now finds itself in a tangled mess of layoffs, key investors pulling out, ED raids, and legal battles.
At a time when edtech giant Byju's has been hit with multiple challenges, CEO Byju Raveendran assured employees that the company will bounce back.
Swiggy’s valuation was cut by Invesco, BYJU’S valuation was slashed by BlackRock, and Meesho’s valuation was reduced by Fidelity Investments. This cutback is also going to impact the value of the ESOPs employees at these startups are entitled to.