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BYJU'S is worth zero: CEO Raveendran
short by Hiral / on Friday, 18 October, 2024
BYJU'S Founder and CEO Byju Raveendran has said that the edtech startup, which was once India's biggest startup at $22 billion valuation, is now worth zero. "We overestimated potential growth, entered (a) lot of markets together. It was little too much, too soon," he said. Raveendran blamed investors for backing aggressive expansion and then running away when global markets tumbled.
read more at Reuters