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Home Breaking News

Byju’s founder says his edtech startup, once worth $22B, is now ‘worth zero’

by DigestWire member
October 18, 2024
in Breaking News, Technology
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Byju’s founder says his edtech startup, once worth $22B, is now ‘worth zero’
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Byju Raveendran, the founder of the embattled edtech group Byju’s, acknowledged on Thursday afternoon that he made mistakes, mistimed the market, overestimated growth potential and that his startup, once valued at $22 billion, is now effectively worth “zero.” Speaking to a group of journalists, Raveendran said the company’s aggressive acquisition of more than two dozen […]

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