Why was Byju's closed?

Byju's wasn't fully "closed" but faced near-collapse due to massive debt, investor disputes, governance failures, and severe funding crises, leading to insolvency proceedings, bankruptcy filings (US), significant layoffs (4,000+), asset freezes, and legal battles over allegedly hidden funds, with its $22 billion valuation plummeting as it struggled with lenders, auditors, and regulatory probes in 2023-2025.

Why is Byju's company closed?

Abstract: Once an education IT pioneer, BYJU'S, failure convoluted startup workers, investors. Byju failed due to financial mismanagement. Bad decisions and inconsistent financing prevented the corporation from paying its obligations.

What happened at Byju's?

Byju's legal challenges extend beyond India. A Delaware bankruptcy court has issued a default judgment of roughly $1.07 billion against founder Byju Raveendran after repeated non-compliance with discovery orders related to fund transfers from the US subsidiary.

Is Byju's coming 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.

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.

The Satisfying Downfall of Byju's

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.

Is Byju's recovering?

there was nearly ₹100 crores of cash flow coming in from India alone. In this clip, Arjun Mohan breaks down the business reality behind the headlines that Byju's had already begun recovering on a pure business point of view, even when the narrative outside was filled with chaos.

Is BYJU's still active?

As of 2025, the company is under insolvency proceedings in India.

How much did Byju's pay Shahrukh Khan?

In 2017, the Bengaluru-based start-up had signed up the Bollywood actor as its brand ambassador for an annual fee of nearly Rs 4 crore, and he has been the ed-tech platform's most visible face ever since.

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.

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.

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.

Who is taking over Byju's?

In a decisive move that could reshape India's education sector, the Manipal Group, led by Dr. Ranjan Pai, has submitted a second Expression of Interest (EoI) to acquire edtech unicorn Byju's, which is currently undergoing insolvency proceedings.

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.

What is BYJU's downfall article?

Byju's downfall signifies not merely a failure of a company, but systemic issues with India's startup ecosystem. This research examines the strategic, financial, and governance failures that caused Byju's downfall and distills insights into creating resilient startups.

What is the price of BYJU's tablet?

Byjus Smart Tab at ₹ 6999/piece | Chennai | ID: 2855741916562.

Who is rich, 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.
 

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.
 

Who is rich, Ambani or SRK?

For the first time, Shah Rukh Khan has made it to the Hurun India Rich List 2025 with a net worth of ₹12,490 crore. Mukesh Ambani retains the No. 1 spot, followed by Gautam Adani at second place.

Can Byjus comeback?

BYJU'S comeback brings relief to subscribers and parents, resolving stalled services amid ED probes, while the business world sees it as a revival of a pioneering, tech-driven movement with AI at its core.

Which is India's biggest EdTech company?

BYJU'S. This company undoubtedly tops the list as it is the trailblazer of Indian Tech. BYJU'S set the benchmark for online learning platforms in India, becoming the most valued EdTech company globally.

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.

Can I buy Byju's share?

Yes, BYJU'S and almost all privately held companies issue stock so founders, employees, and investors can participate in equity ownership. However, because BYJU'S is privately held, it is more challenging to acquire shares than if the company was publicly traded.

What is the net worth of Byju Raveendran in 2025?

As of February 2025, his net worth is still zero. Byju Raveendran's portfolio was overwhelmingly concentrated in his majority stake in Think & Learn Pvt. Ltd.

Is Toppr acquired by Byju's?

Founded by Zishan Hayath and Hemanth Goteti in 2013, Toppr offers a curated learning medium for various school boards and competitive examinations. It was acquired by Byju Raveendran-led company in a deal worth around $150 million. Entrackr was the first to report the development of Toppr's acquisition by Byju's.