Byju Raveendran admitted to mistakes in his aggressive expansion strategy, which ultimately led his once $22 billion valued startup to an effective worth of "zero."
Raveendran acknowledged the pressure from over 100 investors to expand into up to 40 markets, yet many investors withdrew their support when global markets declined following geopolitical tensions.
The exit of key investors, including Prosus Ventures and Chan Zuckerberg Initiative, coupled with governance issues at Byju's, created significant challenges to securing further funding.
Despite the current insolvency and loss of control over his company, Raveendran remains optimistic about a potential turnaround, stating, "I have nothing to lose... I invested everything I had."
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