Byju Raveendran, founder of the bankrupt edtech giant Byju’s, announced plans to launch a new edtech venture upon his return to India from Dubai, promising to operate “at half the cost.” In a recent call with journalists, Raveendran described this as an effort to relaunch and revive the brand, expressing his commitment to the edtech sector.
He criticized investors for abandoning the company during its struggles, claiming they had aggressively supported its rapid expansion but fled at the first sign of trouble. With Byju’s facing bankruptcy and legal challenges from major investors like Sofina and Prosus over mismanagement, Raveendran remains adamant that he is the best hope for future success.