Byju Raveendran, founder of Byju’s, revealed that his once-prominent edtech startup, valued at $22 billion, is now effectively worthless. He attributed this decline to misjudged market timing and aggressive expansions that faltered when funding dried up post-2022. The departure of key investors and board members exacerbated the situation, leading to insolvency proceedings. Raveendran expressed a glimmer of hope for a future comeback, stating he has nothing to lose after investing everything into the firm. Byju’s, once a leader in the edtech space, has raised over $5 billion from various backers.