Raveendran blames investors, eyes new edtech avatar, says $533 mn used up

Bankrupt edtech major Byju’s founder Byju Raveendran said he would start another edtech, which he would run “at half the cost”, on his return to India from Dubai after his court trials. Calling it an effort to relaunch and revive, Raveendran said the founders intend to stay in the edtech business, and will likely rebound in a different avatar.