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'Don't belong in courtrooms, we belong in classrooms': Byju Raveendran on plans for Byju's 3.0
Economic Times
·
2m ago
Medial
Byju Raveendran, founder of Byju's, emphasizes the company's focus on education in India, promoting the use of AI to enhance learning experiences rather than replace teachers. Despite financial challenges and investor disputes, Raveendran is committed to Byju's original mission of fostering a love for learning. He remains optimistic about the company's future, planning sustainable growth and maintaining transparency, while addressing legal hurdles and focusing on the transformative power of education.
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Byju Raveendran shares video claiming to show BYJU'S shareholders conspiring against him
Inshorts
·
4m ago
Medial
Byju Raveendran shared a screen recording of a video call purportedly showing BYJU'S shareholders conspiring against him. "They say there's no fraud done by me but they have to make it look like there's fraud," Raveendran said. A lawyer is heard saying, "I do understand that we don't have direct evidence of material right now...We've to play that game...delicately."
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Is Byju's 3.0 Coming? Raveendran Shares Edtech Revival Plans Amid Troubles
OutlookIndia
·
2m ago
Medial
Byju's, once a prominent edtech company, is planning a revival with "Byju's 3.0," focusing on a return to classroom roots. Founder Byju Raveendran emphasizes prioritizing students and teachers, leveraging AI to enhance rather than replace educators. Despite financial setbacks and legal challenges, Raveendran underscores the company's commitment to its mission of transforming education. He aims to retain their original educational vision while addressing issues and ensuring the company's growth and sustainability.
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BYJU’S On The Verge Of A Turnaround, Investors Ready To Back The Company: Byju Raveendran
Inc42
·
11m ago
Medial
BYJU'S CEO, Byju Raveendran, has sent an email to employees stating that the company is poised to reverse a downward business cycle and introduce BYJU'S 3.0. Raveendran also mentioned that the founders have invested around INR 7,500 Cr in the company over the last 29 months. However, he acknowledged that the company's failure to pay employee salaries for July 2024 was due to issues with lenders.
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Byju Raveendran vows to pay staff salaries once he regains control over accounts
Economic Times
·
11m ago
Medial
Byju's founder, Byju Raveendran, assured employees in an email that their salaries would be paid promptly once he gains control of the company's accounts, even if it means taking on more debt. Byju's has faced financial troubles after a settlement deal with the Board of Control for Cricket in India (BCCI) was contested by lenders. The Supreme Court has temporarily stayed the settlement agreement, preventing the founders from infusing more capital into the company. Byju's is hopeful for a turnaround and plans to launch Byju's 3.0, an AI-driven educational platform.
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Byju’s India CEO Arjun Mohan quits amid fresh restructuring
The Arc Web
·
1y ago
Medial
The CEO of edtech company Byju's India, Arjun Mohan, has resigned, indicating potential trouble at the company. Byju's founder, Byju Raveendran, is expected to take over day-to-day operations, while Mohan will continue to serve as an advisor. Byju's is also undergoing a restructuring called Byju's 3.0, which will focus on three areas: the learning app, online classes and tuition centers, and test preparation. The decision to replace Mohan with Mohit was part of an effort to change the company's sales culture. Byju's is currently facing challenges in raising funds and has experienced delays in payments.
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Byju’s India CEO Arjun Mohan quits amid fresh restructuring
The Arc Web
·
1y ago
Medial
Byju's India CEO Arjun Mohan has resigned, leading to further restructuring at the edtech company. Founder Byju Raveendran will now handle day-to-day operations, while Mohan will serve as an advisor. Byju's is also undergoing a restructuring called Byju's 3.0, with a focus on three areas: The Learning App, Online Classes & Tuition Centres, and Test preparation. Mohan, who previously worked at Upgrad, rejoined Byju's in 2023 to reshape the international business. His appointment was aimed at changing the company's sales culture and reducing costs, including laying off over 5,000 employees. Byju's is also facing challenges with raising funds from investors.
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Byju Raveendran shares first pic after creating account on X, says 'Broke, not broken'
Inshorts
·
4m ago
Medial
BYJU'S owner Byju Raveendran shared his first picture after joining X. "Broke, not broken. We will rise again," Byju wrote with the picture. He had joined X on Friday, with his first post saying, "I'm here to talk about the last 20 years: the good 17, the bad two and the ugly one. No filters. Only facts."
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Byju Raveendran, Divya Gokulnath outline future plans, deny wrongdoing amid legal troubles
Economic Times
·
2m ago
Medial
Byju Raveendran, CEO of Byju’s, and cofounder Divya Gokulnath addressed issues surrounding the edtech firm, admitting past mistakes, particularly the $1.2 billion term loan taken in 2021. They denied allegations of fund diversion and criticized attempts to damage the company's reputation. Raveendran introduced "Byju’s 3.0" focusing on educational outcomes with AI integration. Gokulnath mentioned intimidation attempts faced by Raveendran during legal challenges.
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Byju apologises to teachers for delay in salary payout, says 'I've borrowed some funds'
Inshorts
·
10m ago
Medial
BYJU'S CEO Byju Raveendran apologised to teachers of the edtech company for delay in salary payments. "We haven't been able to compensate you for your work. This isn't right...I'm truly sorry," Raveendran wrote in an email. He said that he has managed to borrow some funds, which will be used to make a small payment to each of the teachers.
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Byju files caveat in SC expecting challenge to NCLAT order
Inshorts
·
1y ago
Medial
BYJU'S CEO Byju Raveendran filed a plea in Supreme Court requesting to be heard before the court decides on a likely plea by US lenders opposing NCLAT's order ending insolvency proceedings against BYJU'S. US lenders had objected to the BYJU'S-BCCI settlement, alleging Byju of using money stolen from them. Byju's brother Riju paid for settlement with BCCI using personal assets.
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