Deciding two connected writ petitions arising from a common Industrial Tribunal Award, the Delhi High Court set aside the Tribunal's direction granting hotel workmen a further…
Byju Raveendran Blames Investors For Driving BYJU’S Valuation To Zero
Byju Raveendran, founder of edtech giant BYJU’S, has blamed investors for driving the company’s valuation to zero. In a recent statement, Raveendran accused investors of creating a negative narrative around the company, leading to a significant decline in its valuation. BYJU’S, once valued at over $22 billion, has faced numerous challenges, including regulatory scrutiny, financial losses, and management issues. Raveendran’s comments highlight the tensions between the company and its investors as it navigates a difficult period. The situation underscores the challenges faced by high-growth startups in maintaining investor confidence amid operational and financial difficulties.