Business

Byju Raveendran, the founder and the Chief Executive Officer (CEO) of embattled ed-tech company BYJU'S highlighted his love for teaching, calling it the biggest satisfaction and an "unfinished" dream for him and his wife, Divya Gokulnath, who is also the co-founder of the company.

Refuting allegations of diverting any loan proceeds to her and husband, Byju Raveendran, BYJU'S co-founder, Divya Gokulnath, stated that the couple currently lacks the funds to even hire legal representation in a U.S. court.

Byju Raveendran, founder of edtech giant BYJU'S, acknowledged that the move from India to 21 countries may have been too fast-paced and that he made some business mistakes due to the pressure from the investors.

"We don't belong in courtrooms. We belong in classrooms. That's where we started, and that's where we're going back," said Raveendran.

Byju's, once valued at USD 22 billion, has experienced a significant decline due to financial problems, regulatory issues, and legal battles.

He said, "Our entire wealth, entire company was built out of India. All our wealth which we created was made in India, taxes were paid in India, invested back in India. We have nothing outside India. This is created by a few vested interests. If you see this fugitive word, they only use verbally. None of the filings, none of the court filings, none of the affidavits, you will never find any of this. This is just part of a malicious media campaign. None of the documents will have this word."