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Byju's founder says his edtech startup, once worth $22B, is now 'worth zero'

Byju Raveendran, the founder of the embattled edtech group Byju's, acknowledged on Thursday afternoon that he made mistakes, mistimed the market, Byju Raveendran, founder of edtech group Byju's, said his startup, once valued at $22 billion, is now effectively worth "zero."

Byju Raveendran, the founder of the embattled edtech group Byju’s, acknowledged on Thursday afternoon that he made mistakes, mistimed the market, overestimated growth potential and that his startup, once valued at $22 billion, is now effectively worth “zero.”

#newsonleo #edtech #technology #startup