Byju Raveendran plans to ‘rise again’ with ‘sooner than expected’ relaunch of firm with ex-staffers

Byju Raveendran plans to ‘rise again’ with ‘sooner than expected’ relaunch of firm with ex-staffers

Byju Raveendran plans to ‘rise again’ with ‘sooner than expected’ relaunch of firm with ex-staffers

Byju Raveendran, the founder of troubled edtech startup Byju’s, took to X (formerly Twitter) with a message of resilience, declaring that the startup is preparing for a comeback after months of financial turmoil.

“Broke, not broken. We will rise again,” Raveendran wrote, signaling his determination to rebuild Byju's that was once India’s most valued startup.

In his previous post on X, Raveendran revisited a defining statistic from Byju’s rapid expansion years—215,000. Over nearly a decade, the company hired 215,000 fresh graduates, many of whom had no prior work experience but were offered starting salaries of Rs 6 lakh per year.

"Providing these talented youths with their first career opportunity has been one of my life's greatest honors," he wrote.

"Byju's was built by these two lakh freshers with zero experience, exceptional talent and infinite energy. They went on to become productive members of our great economy. Some became entrepreneurs & created jobs. All they needed was that first elusive opportunity."

"Once we relaunch our company - which I believe will happen sooner than expected - we will rehire exclusively from our incredible pool of former BYJUites.​ My hyper-optimism may seem crazy to some. But let’s not forget that you have to be odd to be number one," Raveendran added.