Byju’s worth is zero today as investors threw it under the bus: Raveendran

Edtech firm, Byju’s which was once the most valued startup with a valuation of $22 billion, is worth zero today, founder Byju Raveendran said on Thursday in a virtual press conference.

He attributed this to three of its key investors – Prosus, Peak XV Partners, and the Chan Zuckerberg Initiative – resigning from the board at the same time in 2023. Raveendran termed it as was one of the biggest setbacks for Byju’s as raising funds became impossible.