* . *
  • About
  • Advertise
  • Privacy & Policy
  • Contact
Sunday, July 27, 2025
Earth-News
  • Home
  • Business
  • Entertainment
    Top 5 entertainment news: Sandeep Reddy Vanga regrets trimming Animal’s runtime by 7-8 minutes, Akshay Ku – Times of India

    Top 5 Entertainment Highlights: Sandeep Reddy Vanga Reveals Why He Trimmed Animal’s Runtime by 7-8 Minutes, Plus Akshay Ku Updates

    Cote de Pablo reveals how Michael Weatherly used his soap opera roots to put her at ease in “NCIS” love scene – yahoo.com

    Cote de Pablo Reveals How Michael Weatherly’s Soap Opera Background Made Their “NCIS” Love Scene Easier

    City of Pelham announces entertainment district plans for former Oak Mountain Amphitheatre site – WVTM

    Pelham Unveils Exciting New Entertainment District Plans for Former Oak Mountain Amphitheatre Site

    Black Box Players presents ‘The Three Musketeers’ – CBS 19 News

    Experience the Adventure: Black Box Players Bring ‘The Three Musketeers’ to Life!

    AP Entertainment SummaryBrief at 1:51 p.m. EDT – Channel 3000

    Entertainment Highlights: Key Updates You Can’t Miss

    ‘Devil Wears Prada 2’ casts Anne Hathaway’s love interest replacing Adrian Grenier’s Nate – Entertainment Weekly

    Devil Wears Prada 2′ Casts New Love Interest for Anne Hathaway, Replacing Adrian Grenier’s Nate

  • General
  • Health
  • News

    Cracking the Code: Why China’s Economic Challenges Aren’t Shaking Markets, Unlike America’s” – Bloomberg

    Trump’s Narrow Window to Spread the Truth About Harris

    Trump’s Narrow Window to Spread the Truth About Harris

    Israel-Gaza war live updates: Hamas leader Ismail Haniyeh assassinated in Iran, group says

    Israel-Gaza war live updates: Hamas leader Ismail Haniyeh assassinated in Iran, group says

    PAP Boss to Niger Delta Youths, Stay Away from the Protest

    PAP Boss to Niger Delta Youths, Stay Away from the Protest

    Court Restricts Protests In Lagos To Freedom, Peace Park

    Court Restricts Protests In Lagos To Freedom, Peace Park

    Fans React to Jazz Jennings’ Inspiring Weight Loss Journey

    Fans React to Jazz Jennings’ Inspiring Weight Loss Journey

    Trending Tags

    • Trump Inauguration
    • United Stated
    • White House
    • Market Stories
    • Election Results
  • Science
  • Sports
  • Technology

    Eagle Unveils Revolutionary X-Ray Technology at Pack Expo

    Validea’s Top Information Technology Stocks Based On Peter Lynch – 7/25/2025 – Nasdaq

    Validea’s Top Information Technology Stocks Based On Peter Lynch – 7/25/2025 – Nasdaq

    WhoFi: New surveillance technology can track people by how they disrupt Wi-Fi signals – Tech Xplore

    WhoFi: New surveillance technology can track people by how they disrupt Wi-Fi signals – Tech Xplore

    Google Cloud Announced as a Key Technology Partner for Odoo Connect 2025 in San Francisco – GlobeNewswire

    Google Cloud Announced as a Key Technology Partner for Odoo Connect 2025 in San Francisco – GlobeNewswire

    Behind the Screens: The Impact of Technology on Real Estate – TRREB

    Behind the Screens: How Technology is Transforming the Future of Real Estate

    Sustainserv and Palau Announce Technology Partnership to Leverage Innovative AI Platform to Advance Sustainability Reporting – Business Wire

    Sustainserv and Palau Team Up to Transform Sustainability Reporting with Breakthrough AI Technology

    Trending Tags

    • Nintendo Switch
    • CES 2017
    • Playstation 4 Pro
    • Mark Zuckerberg
No Result
View All Result
  • Home
  • Business
  • Entertainment
    Top 5 entertainment news: Sandeep Reddy Vanga regrets trimming Animal’s runtime by 7-8 minutes, Akshay Ku – Times of India

    Top 5 Entertainment Highlights: Sandeep Reddy Vanga Reveals Why He Trimmed Animal’s Runtime by 7-8 Minutes, Plus Akshay Ku Updates

    Cote de Pablo reveals how Michael Weatherly used his soap opera roots to put her at ease in “NCIS” love scene – yahoo.com

    Cote de Pablo Reveals How Michael Weatherly’s Soap Opera Background Made Their “NCIS” Love Scene Easier

    City of Pelham announces entertainment district plans for former Oak Mountain Amphitheatre site – WVTM

    Pelham Unveils Exciting New Entertainment District Plans for Former Oak Mountain Amphitheatre Site

    Black Box Players presents ‘The Three Musketeers’ – CBS 19 News

    Experience the Adventure: Black Box Players Bring ‘The Three Musketeers’ to Life!

    AP Entertainment SummaryBrief at 1:51 p.m. EDT – Channel 3000

    Entertainment Highlights: Key Updates You Can’t Miss

    ‘Devil Wears Prada 2’ casts Anne Hathaway’s love interest replacing Adrian Grenier’s Nate – Entertainment Weekly

    Devil Wears Prada 2′ Casts New Love Interest for Anne Hathaway, Replacing Adrian Grenier’s Nate

  • General
  • Health
  • News

    Cracking the Code: Why China’s Economic Challenges Aren’t Shaking Markets, Unlike America’s” – Bloomberg

    Trump’s Narrow Window to Spread the Truth About Harris

    Trump’s Narrow Window to Spread the Truth About Harris

    Israel-Gaza war live updates: Hamas leader Ismail Haniyeh assassinated in Iran, group says

    Israel-Gaza war live updates: Hamas leader Ismail Haniyeh assassinated in Iran, group says

    PAP Boss to Niger Delta Youths, Stay Away from the Protest

    PAP Boss to Niger Delta Youths, Stay Away from the Protest

    Court Restricts Protests In Lagos To Freedom, Peace Park

    Court Restricts Protests In Lagos To Freedom, Peace Park

    Fans React to Jazz Jennings’ Inspiring Weight Loss Journey

    Fans React to Jazz Jennings’ Inspiring Weight Loss Journey

    Trending Tags

    • Trump Inauguration
    • United Stated
    • White House
    • Market Stories
    • Election Results
  • Science
  • Sports
  • Technology

    Eagle Unveils Revolutionary X-Ray Technology at Pack Expo

    Validea’s Top Information Technology Stocks Based On Peter Lynch – 7/25/2025 – Nasdaq

    Validea’s Top Information Technology Stocks Based On Peter Lynch – 7/25/2025 – Nasdaq

    WhoFi: New surveillance technology can track people by how they disrupt Wi-Fi signals – Tech Xplore

    WhoFi: New surveillance technology can track people by how they disrupt Wi-Fi signals – Tech Xplore

    Google Cloud Announced as a Key Technology Partner for Odoo Connect 2025 in San Francisco – GlobeNewswire

    Google Cloud Announced as a Key Technology Partner for Odoo Connect 2025 in San Francisco – GlobeNewswire

    Behind the Screens: The Impact of Technology on Real Estate – TRREB

    Behind the Screens: How Technology is Transforming the Future of Real Estate

    Sustainserv and Palau Announce Technology Partnership to Leverage Innovative AI Platform to Advance Sustainability Reporting – Business Wire

    Sustainserv and Palau Team Up to Transform Sustainability Reporting with Breakthrough AI Technology

    Trending Tags

    • Nintendo Switch
    • CES 2017
    • Playstation 4 Pro
    • Mark Zuckerberg
No Result
View All Result
Earth-News
No Result
View All Result
Home News

Explained | From BYJU’S celebrated hero to despised villain, the story of Byju Raveendran

February 6, 2024
in News
Explained | From BYJU’S celebrated hero to despised villain, the story of Byju Raveendran
Share on FacebookShare on Twitter

Story highlights

Once called India’s ed-tech behemoth, as it earned the title of India’s most-valued startup; Byju’s today is reeling under heavy setbacks, including a liquidity crunch, accounting irregularities, scrutiny from government bodies, alleged mis-selling of courses and mass layoffs, among others.

“I saw my father breaking down” and it “made me feel a sudden pain,” Byju Raveendran wrote in a letter to Byju’s employees. Once called India’s ed-tech behemoth, as it earned the title of India’s most-valued startup; Byju’s today is reeling under heavy setbacks, including a liquidity crunch, accounting irregularities, scrutiny from government bodies, alleged mis-selling of courses and mass layoffs, among others.

And now, the company’s key shareholders want Byju Raveendran and his family out of the board. A group of shareholders, who collectively hold 30 per cent shares in Byju’s, are calling for an extraordinary general meeting (EGM) to reconstitute the board of directors, so that it is no longer controlled by the founders of Byju’s parent company, Think & Learn (T&L), Economic Times reported.

For Byju Raveendran, life seems to have come full circle; from being Byju’s biggest, brightest hero to being its most-despised villain.

Byju Raveendran: The path to success

Byju Raveendran’s journey began in his hometown in Kerala, India. Growing up in a family of educators, he developed a passion for learning early on. Despite not receiving formal coaching, Byju excelled academically and cleared the Common Admission Test (CAT) for the prestigious Indian Institutes of Management (IIMs).

While working as an engineer, Byju started teaching a few friends to crack the CAT exam. He devised his teaching methods, emphasising the simplification of complex concepts through visualisation and real-life examples. This experimental teaching approach garnered significant attention and appreciation from students.

In 2011, Byju founded Byju’s, initially as an offline coaching centre in Bengaluru. However, recognising the potential of technology to revolutionise education, he shifted focus to online learning. This decision marked a turning point in his entrepreneurial journey.

Byju’s introduced its learning app in August 2015, which quickly gained popularity for its innovative approach to education.

As the demand for online education surged, Byju’s expanded its offerings, covering a wide range of subjects and competitive exams. Byju Raveendran’s relentless pursuit of excellence, coupled with his ability to adapt to changing market dynamics, propelled the company’s growth.

The company soon became one of the world’s most valuable ed-tech companies, reaching millions of students across India and beyond. At its peak, Byju’s total valuation crossed the $22 billion mark, with its growth backed by major venture capitalists around the world.

The downfall: When parents ran afoul of Byju’s

Following the phenomenon rise of the company in the years of the COVID-19 pandemic, several troubling media reports started surfacing in India showing how Byju’s allegedly used exploitative, immoral as well as illegal practices to force humbled parents into buying ‘essential’ courses for their children.

Watch: Byju’s valuation freefall sparks shareholder push for leadership change

Parents would get incessant cold calls and visits from salespersons to convince them that not subscribing to Byju’s courses would render their children poor forever. The company allegedly pushed parents, irrespective of their financial condition or whether children needed it, to buy their courses and even helped some of them get loans from their bank.

BBC quoted several current and former employees of the company as saying that they were often pushed to meet unrealistic targets. Several employees had to work for 12-15 hours at the company and speak to potential customers for at least “120 minutes” a day to get their presence marked on the working day.

That’s why when parents would apply for a refund or request cancellation; their calls were most often ignored, leaving families buried under heavy debt.

In one instance, a Byju’s salesman even got a man to subscribe to a loan without his consent, leaving him red-faced as he started receiving reminders from the company about an upcoming monthly installment.

When he visited Byju’s office to get the course cancelled, he was told the process was underway even though he was still being charged. Most of the parents targeted were from poor backgrounds, had little education, and were not tech-savvy.

2023: When Byju’s collapsed like a house of cards

Demand for online education started to subside in India as the pandemic ended. In April 2023, legal troubles started mounting for the company as the Enforcement Directorate (ED), India’s premier financial intelligence agency, raided Byju’s three offices for allegedly flouting the provisions of the Foreign Exchange Management Act (FEMA).

In 2023, one of the company’s foreign lenders too filed a lawsuit against Byju’s, making things worse. The year later saw mass firing across all departments in Byju’s.

As pressure from lenders mounts, Byju’s is now again seeking to raise $200 million from investors against the valuation of $250 million, a 99 per cent cut from the company’s peak valuation of $22 billion. But investors are adamant about removing Raveendran and family from the company’s board.

“We are deeply concerned about the future stability of the company under its current leadership and with the constitution of the board,” the investors reportedly said.

The American chapter of Byju’s has already filed for bankruptcy after defaulting on debt of $1.2 billion.

“Entrepreneurs are supposed to be stoic and steadfast. They indeed have an irrational capacity to suffer and the ability to eventually prevail over all that pain,” Byju Raveendran wrote in his letter to the employees.

(With inputs from agencies)

>>> Read full article>>>
Copyright for syndicated content belongs to the linked Source : WION – https://www.wionews.com/india-news/explained-from-celebrated-hero-to-despised-villain-of-byjus-the-story-of-byju-raveendran-687275

Tags: Byju’sexplainednews
Previous Post

Prayers Up! Texas Mother Passes Away While Saving Her Children From A House Fire

Next Post

Kashmir’s snowfall through the eyes of adorable twin sisters. Watch viral heartwarming video

Energy landscapes direct the movement preferences of elephants – besjournals

Energy landscapes direct the movement preferences of elephants – besjournals

July 27, 2025
At United Nations Summer Program, Computer Science Student Examines AI Ethics – Georgetown University

At United Nations Summer Program, Computer Science Student Examines AI Ethics – Georgetown University

July 27, 2025
Return of wolves to Yellowstone has led to a surge in aspen trees unseen for 80 years – Live Science

Wolves’ Return to Yellowstone Sparks Unprecedented Aspen Tree Boom After 80 Years

July 27, 2025
‘Bluey’ Is Growing Up: BBC Plots All-Ages Expansion For The Franchise As A Full-Fledged Lifestyle Brand – Cartoon Brew

‘Bluey’ Is Growing Up: BBC Plots All-Ages Expansion For The Franchise As A Full-Fledged Lifestyle Brand – Cartoon Brew

July 27, 2025
Katie Ledecky, Summer McIntosh and a race for the ages at World Swimming Championships – NBC Sports

Katie Ledecky and Summer McIntosh Ignite an Epic Showdown at the World Swimming Championships

July 27, 2025
5 ways Trump has shaped the economy in 6 months – The Hill

5 Game-Changing Ways Trump Transformed the Economy in Just 6 Months

July 27, 2025
Flutter Entertainment Announces Pricing Of $1.272 Bln Of Additional Senior Secured Notes Due 2031 – Nasdaq

Flutter Entertainment Raises $1.27 Billion in Major Senior Secured Notes Offering Due 2031

July 27, 2025
KFF Health Tracking Poll: Public Views on Recent Tax and Budget Legislation – KFF

How the Public Really Feels About the Latest Tax and Budget Changes

July 27, 2025
Dollar falls against yen as markets weigh new trade deal, Japanese politics – Reuters

Dollar falls against yen as markets weigh new trade deal, Japanese politics – Reuters

July 27, 2025
Clinch County Schools prepare for students’ return with new policies, technology – WALB

Clinch County Schools Prepare for Students’ Return with Exciting New Policies and Cutting-Edge Technology

July 27, 2025

Categories

Archives

July 2025
MTWTFSS
 123456
78910111213
14151617181920
21222324252627
28293031 
« Jun    
Earth-News.info

The Earth News is an independent English-language daily published Website from all around the World News

Browse by Category

  • Business (20,132)
  • Ecology (741)
  • Economy (765)
  • Entertainment (21,645)
  • General (16,133)
  • Health (9,803)
  • Lifestyle (773)
  • News (22,149)
  • People (767)
  • Politics (774)
  • Science (15,980)
  • Sports (21,262)
  • Technology (15,746)
  • World (748)

Recent News

Energy landscapes direct the movement preferences of elephants – besjournals

Energy landscapes direct the movement preferences of elephants – besjournals

July 27, 2025
At United Nations Summer Program, Computer Science Student Examines AI Ethics – Georgetown University

At United Nations Summer Program, Computer Science Student Examines AI Ethics – Georgetown University

July 27, 2025
  • About
  • Advertise
  • Privacy & Policy
  • Contact

© 2023 earth-news.info

No Result
View All Result

© 2023 earth-news.info

No Result
View All Result

© 2023 earth-news.info

Go to mobile version