'Broke, not Broken. We will rise again': Byju Raveendran promises comeback and Byju's relaunch

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.

Broke, not Broken. We will rise again. pic.twitter.com/dAekepwCtf

— Byju Raveendran (@ByjuofBYJUS) March 30, 2025

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."

BYJU’S was built by these 2 lakh freshers with zero experience, exceptional talent & 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.

— Byju Raveendran (@ByjuofBYJUS) March 29, 2025

Once hailed as a pioneer in India’s edtech boom, Byju’s has been navigating a period of deep financial distress, grappling with debt, mass layoffs, investor lawsuits, and regulatory scrutiny. The startup has lost billions in valuation, missed loan repayments, and faced a backlash from customers and employees over delayed salaries.

Despite these challenges, Raveendran seems to remain resolute. In his post, he pledged to rehire former employees once the company is relaunched—an event he suggested would happen "sooner than expected."

"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.

Since its inception, Byju's has raised over $6 billion in funding from investors, including Qatar Investment Authority, Blackrock, MarketX Ventures, Chan Zuckerberg Initiative, and many others.