Current Date 24 May, 2025

Byju's CEO admits mistakes, discusses $1.2 billion loan, and future plans.

Byju Raveendran, Byju's CEO, acknowledges mistakes in rapid global expansion and taking a $1.2 billion loan. He cites liquidity issues stemming from the Russia-Ukraine war and US interest rate hikes. Despite financial and legal challenges, including alleged intimidation, Raveendran remains optimistic, focusing on 'purpose over profit' and rebuilding the company for students and teachers.