Byju Raveendran says he will pay back lenders’ money: ‘People think I ran away but…’

Byju Raveendran, the CEO and founder of troubled edtech start-up Byju’s, has dismissed speculation that he “ran away” to Dubai, stating that he intends to return, pay back lenders and revive the brand, Hindustan Times reported.

“It’s very unfortunate that people think that I ran to Dubai because I had to… I came to Dubai for a year for my father’s treatment, which led to our ongoing stay. But let me be clear, I did not run away,” Raveendran (44), told reporters via virtual press conference. He moved to Dubai in 2023.