Why did Byju's collapse?

Byju's collapse resulted from a perfect storm of rapid, debt-fueled expansion, aggressive sales tactics, severe financial mismanagement (including mounting losses, delayed audits, and questionable accounting), and a post-pandemic market shift that reduced edtech demand, all culminating in a liquidity crunch, governance crises, investor exits, and legal challenges that devastated its valuation and operations.

Why did Byjus close down?

In 2022 Byjus laid off nearly 4000 people from its team amid funding crunch and road to profitability. Byju's was experiencing a severe funding crunch as of December 2023. The business was at odds with US lenders over unpaid interest on a $1.2 billion term loan.

What happened to Byju's CEO?

In February 2024, India's economic intelligence and law enforcement entity Enforcement Directorate issued a look out notice against Raveendran. On 23 February, shareholders voted to remove Byju as CEO, and he stated afterwards that the vote was invalid due to a lack of a quorum.

How much did Byju's pay Shahrukh Khan?

ET is reporting that Byju's has suspended its association with Shah Rukh Khan. He was supposedly paid 3-4 crores for his association with the brand.

Will Byju's come back?

BYJU'S 3.0 is back: Can the edtech company reclaim the trust Byju Raveendran has lost? BYJU'S embarks on a bold transformation with "Byju's 3.0", aiming to regain public trust after financial turmoil, legal challenges, and investor exits.

What's happening to BYJU'S? : Business Case Study

Why did Akash leave Byju's?

Once BYJU'S became entangled in insolvency proceedings, the commercial relationship with Aakash grew fraught. Creditors represented by GLAS Trust and the resolution professional for BYJU'S moved to prevent Aakash from taking steps they said would undermine the ability of lenders to recover value.

Is BYJU's still active?

Byju's learning app was removed from the Google Play Store after an AWS payment dispute; other apps remain active amid ongoing insolvency proceedings.

Who is richer, Virat or SRK?

Shah Rukh Khan is significantly richer than Virat Kohli, with recent estimates placing Khan's net worth as high as $1.4 billion (₹12,490 crore) as a billionaire entertainer, while Kohli is a top-earning athlete but has a lower overall net worth, though he leads in brand value in some reports. Khan's wealth comes from decades in Bollywood, his production house Red Chillies, and IPL team ownership, whereas Kohli earns from cricket, high-profile endorsements (Puma, MRF), and his own businesses.
 

Is Aakash still owned by Byju's?

About $1 billion was paid for Byju's acquisition of Aakash Institute in April 2021. At Aakash Institute, Deepak Mehrotra has been appointed MD and CEO. The creator of Byju recognised his commercial skills. Currently, 40% of Aakash is owned by Ranjan Pai, the head of the Manipal company.

Who is India's no. 1 richest actor?

The #1 richest actor in India, and arguably the world, is Shah Rukh Khan (SRK), who entered the billionaire club in 2025 with an estimated net worth of $1.4 billion (₹12,490 crore) according to Hurun India Rich List 2025, leading all other Indian celebrities with significant wealth from his acting, production house (Red Chillies Entertainment), and cricket team ownership.
 

Is Byju Raveendran a billionaire?

No, as of April 2024, Byju Raveendran is no longer a billionaire.

Why isn't Byju's working?

Byju's, once valued at US$22 billion, is currently undergoing insolvency proceedings. This follows a claim from the Board of Control for Cricket in India (BCCI) to recover 158 crore rupee (US$18.57 million) owed for a sponsorship deal.

Where is Divya Gokulnath now?

In March 2022, Divya Gokulnath was appointed as the Federation of Indian Chambers of Commerce & Industry's EdTech Taskforce Chair.

How many employees were removed from Byju's?

BENGALURU: Amid a funding crisis and a series of legal battles, troubled edtech firm Byju's has fired 500 employees, including teachers. Currently, the company has nearly 13,000 employees.

Can I get a refund from Byjus?

Mode of Refund:

All applicable refunds shall be paid through cheques or online transfer ONLY, in the name and to the account of the Customer within a reasonable period of thirty (30) calendar days from the date on which a written confirmation is provided to the Customer for approval of such refund.

How much did Byju's pay for Aakash?

BYJU'S acquires Aakash Educational Services for $1 billion.

Is Aakash in debt?

Aakash Exploration Services's operated at median net debt / equity of 33.8% from fiscal years ending March 2021 to 2025. Looking back at the last 5 years, Aakash Exploration Services's net debt / equity peaked in March 2023 at 44.3%.

Who is the current owner of Aakash?

In Aakash, Think & Learn owns a 26 per cent stake while Byju Raveendran owns a 17 per cent stake. Manipal Education and Medical Group (MEMG), led by Ranjan Pai, owns the majority 40 per cent stake in Aakash, which it acquired in January 2024 by converting a USD 300 million debt investment into equity.

Who bought Akash?

BYJU's Acquires Aakash: Ed-Tech Expansion. BYJU's has acquired Aakash Educational Services Limited (AESL) in an all-cash deal worth approximately $1 billion. AESL is a 33-year old test preparation institution for medical and engineering entrance exams, with over 200 coaching centers across India.

Is Srk richer than Messi?

Lionel Messi: ₹7,500 Crore - Football's greatest artist. Shah Rukh Khan: ₹12,500 Crore - Cinema's eternal king.

What does 269 mean for Virat?

The number 269 referred to Virat's cap number as he was the 269th player to represent India in Tests. Kohli, who admitted that it wasn't an easy call to make, turned up in 123 Tests for India, scoring 9230 runs with 30 hundreds at an average of 46.85.

How rich is Ajay Jadeja?

Ajay Jadeja has emerged as India's richest cricketer with a ₹1,450 crore net worth, surpassing icons like Kohli and Dhoni, thanks to his royal inheritance and smart investments #AjayJadeja #RichestCricketer #IndianCricket.

Can byju's recover?

For creditors, the focus has shifted from revival to recovery, while investors are evaluating the remaining value of a brand that once epitomized India's edtech boom. Byju's has returned to its roots in Koramangala, where it all began, but this time, it stands on the brink of a new chapter - being up for sale.

How much does Byju's Exam Prep cost?

Subscription Model: BYJU'S primarily uses a subscription or course package model. The flagship BYJU'S Learning App content now costs around ₹12,000 per year in India (approximately $150 USD/year) after recent price cuts.

Why is Byjus not opening?

I have downloaded the BYJU'S app but the screen is not loading, what do I do? If the screen is stuck or not loading further, please uninstall and reinstall the app, making sure there's an active internet connection to do so.