Byju's Founder Faces Reckoning As Company's Valuation Drops To $2 Billion
NDTV
An engineer by training, Byju Raveendran started Byju's in 2011 with physical classes after friends urged him to go into teaching.
Byju Raveendran, the mathematics whiz who soared from teacher to startup billionaire before his education technology company imploded this year, now faces his biggest test.
The future of Raveendran's eponymous Byju's online coaching firm rests with courts after the country's biggest startup, once loved by global investors who valued it at $22 billion, crashed below $2 billion in valuation. The 44-year-old founder last week lost control of the company as a tribunal kick-started an insolvency process.
Accused of "financial mismanagement and compliance issues", the son of a family of teachers from a small village in south India faces a reckoning that will test the ingenuity that made him a poster child for India's startups.
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