Get In Touch

Toxic Culture or Social Media Drama? Byju Responds

    Share on

In a candid interview with ANI, BYJU’S founder Byju Raveendran addressed the much-talked-about allegations of toxic work culture within the edtech giant. He acknowledged past mistakes but downplayed the scale, claiming that only a small fraction of aggressive sales practices were exaggerated on social media. “Even 1% of 15,000 salespeople can create noise,” he said, adding that measures have since been put in place to fix those early missteps.

 

Once valued at a staggering $22 billion, BYJU’S now finds itself in crisis. The founder recently declared the company’s valuation at zero, citing massive investor pullouts and financial struggles. Despite the collapse, Raveendran isn’t backing down. He spoke about the emotional toll of the downfall but expressed a strong resolve to bounce back, stating, “I’m not giving up. This will lead to post-traumatic growth.”

 

Raveendran also admitted that raising a $1.2 billion term loan was a miscalculation, especially when equity options were available. “We shouldn’t have taken it,” he confessed.In spite of all setbacks, Raveendran remains hopeful and mission-driven. He vows to rebuild what he started, in whatever shape or form it takes-calling the fall “a blessing in disguise.”

Share:

Post a comment

Your email address will not be published. Required fields are marked *

Icon of the Day: Dr Prahlada Ramarao, the man behind the Akash missile system!

Icon of the Day: Dr Prahlada Ramarao, the man behind...

Dr Prahlada Ramarao, key architect of India's Akash missile system, celebrates its success in intercepting...
“Intact & dangerous” IAEA warns Iran can restart uranium enrichment soon!

“Intact & dangerous” IAEA warns Iran can restart uranium enrichment...

IAEA chief Rafael Grossi has warned that Iran could resume uranium enrichment within months, despite...
Shreyas Iyer will be away from India Test team, if Gautam Gambhir remains coach

Shreyas Iyer will be away from India Test team, if...

Shreyas Iyer, domestic star, IPL captain, red ball reformer has been snubbed from India A's...
Cyprus. Canada. Croatia. What’s the reason behind Modi’s global sprint?

Cyprus. Canada. Croatia. What’s the reason behind Modi’s global sprint?

Prime Minister Modi embarks on a key three-nation tour to Cyprus, Canada, and Croatia, with...
Private schools or private banks? Parents raise alarm!

Private schools or private banks? Parents raise alarm!

Bengaluru parents face debt as private schools hike fees and offer EMI schemes, exposing lack...
TV actor’s 14-year-old son dies by suicide in Mumbai after being told to go to tuition

TV actor’s 14-year-old son dies by suicide in Mumbai after...

A 14-year-old son of a television actor died by suicide in Mumbai after an argument...

Login

Don’t you have an account ?

Register