Raveendran s exit was attributed to markdowns by the company s investors. A few days earlier, there were reports in the media that that online higher education platform Great Learning is making efforts to buy back the company from Byju s.
Once the most-valued edtech firm in the world, Byju’s is now battling serious funding issues, a corporate governance crisis and court battles. The firm will have to urgently raise at least $1.5 billion and set its house in order. Can it succeed?
Caught in a maelstrom of funding constraints, loan repayment issues and bad governance, Byju’s stands at the edge of a precipice, where a forced and unwelcome transformation in size and shape is necessary for survival