‘Will rise again’: Byju Raveendran promises comeback and company relaunch

Byju Raveendran, the founder of beleaguered education technology startup Byju’s, on Sunday promised a turnaround for rebuilding the erstwhile empire from scratch, brick by brick.

“Broke, not broken. We will rise again,” Raveendran posted on social media platform X, alongside a photo of himself as a young man, reflecting his humble roots.

Valued at $22 billion in 2022, Byju’s has seen its fortunes dwindle due to a massive cash crunch, regulatory issues, and disputes with investors, including a battle with US lenders who are demanding $1 billion in unpaid dues, triggering the firm’s insolvency.