Tue Apr 01 00:40:00 UTC 2025: ## Byju’s Founder Vows Resurgence Amidst Financial Crisis and Backlash

**BENGALURU, INDIA** – Byju Raveendran, founder of the embattled edtech giant Byju’s, has pledged to revive the company amidst a mounting financial crisis and intense public criticism. In a recent social media post, Raveendran declared, “Broke, not broken. We will rise again,” alongside a throwback photograph.

Once valued at $22 billion, Byju’s is now grappling with over $1 billion in unpaid debts and multiple legal battles in India and the US. This vow follows a previous statement outlining a turnaround plan, issued just a month prior. However, that plan was met with fierce backlash on X (formerly Twitter), with users accusing the company of misleading parents and exploiting their trust. Many described Byju’s sales representatives as unethical.

Raveendran’s recent statements follow earlier accusations leveled against lenders and an interim resolution professional (IRP) whom he alleged of misconduct and criminal collusion with EY India and a US-based lender, GLAS Trust. He called for an investigation into these claims.

The future of Byju’s remains uncertain as it navigates a complex web of financial challenges and public disapproval. The company’s ability to overcome its current difficulties and deliver on Raveendran’s promise remains to be seen.

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