Tag Archives: Byju Raveendran

In a fresh legal development, Byju Raveendran, the founder of the embattled ed-tech giant Byju's, has been accused of attempting to secretly regain control of the company using hidden loan funds. According to a recent Bloomberg report, Raveendran allegedly hid millions of dollars of loan proceeds to purchase back a software company that had been taken over by an American trustee.

In a recent media call, Byju Raveendran, the founder of the beleaguered edtech company Byju's, expressed his commitment to repaying all outstanding debts to lenders, provided they are willing to collaborate with him. Raveendran's remarks come as the company faces ongoing insolvency proceedings triggered by a dispute with the Board of Control for Cricket in India (BCCI) over unpaid dues.

In a significant legal victory for Byju's and its founder Byju Raveendran, an appeals tribunal has overturned the insolvency proceedings that had been initiated against the education technology giant. The ruling comes as a major relief for Byju's, which has faced various challenges in recent months.

Gaurav Munjal, Co-founder and CEO of Unacademy, has openly criticized Byju Raveendran, Founder and Group CEO of Byju's, attributing the edtech firm's recent setbacks to Raveendran's failure to heed advice from others.

Byju's, the embattled edtech giant, announced on Sunday that two of its senior advisory board members, Rajnish Kumar and Mohandas Pai, have chosen not to renew their contracts, which are set to expire on June 30. This development comes as the company faces multiple challenges, including delayed salaries due to a cash crunch.

In a significant development, the founder of edtech giant Think and Learn, Byju Raveendran, is set to step into the role of handling the company's day-to-day operations following the resignation of CEO Arjun Mohan. This leadership transition marks a pivotal moment for Byju's as it embarks on a strategic overhaul aimed at consolidating its business into three key divisions.

Byju Raveendran, CEO of the prominent edtech firm Byju's, has reassured employees that he remains the chief executive officer of the company, dispelling rumors of his ousting following a shareholder vote. In a letter addressed to staff members, Raveendran refuted media reports suggesting his removal from the CEO position as "greatly exaggerated and highly inaccurate."