Byju's founder offers to repay lenders amid insolvency due to BCCI claim, denying fraud.
Byju Raveendran, founder of the Indian edtech firm Byju's, has expressed a willingness to repay lenders amid the company's insolvency proceedings, sparked by a $21.3 million claim from the BCCI. He attributed the crisis to strategic misjudgments and loss of investor confidence, asserting no fraud occurred. As Byju's faces bankruptcy, Raveendran remains optimistic about recovery and emphasizes his commitment to education despite the financial turmoil.
5 months ago
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