Byju’s valuation drops to zero, founder says start-up ‘overestimated potential growth’

Byju Raveendran, the founder of Byju’s, has admitted the net worth of his start-up is now zero.

“The company is worth zero. What valuation are you talking about? It is zero,” Raveendran told reporters via video conferencing from Dubai late on Thursday. Byju’s was once India’s most valued start-up, with a tag of $22 billion in 2022.