Byju Raveendran, founder and CEO of the embattled edtech company Byju’s, has announced plans for a major reboot termed “Byju’s 3.0,” focusing on AI-powered personalized learning and a renewed commitment to mission-driven education.
A New Chapter: Byju’s 3.0
In a recent interview, Raveendran introduced “Byju’s 3.0,” a strategic makeover focused on returning the company to its educational mission, emphasizing support for teachers and students. This new phase aims to revitalize Byju’s with technological innovation and a greater emphasis on educational goals.
Addressing Past Challenges
Raveendran acknowledged that the company has made mistakes during its rapid growth phase but emphasized that its intentions were never deceitful. He admitted that taking a term loan was a financial misstep and acknowledged the heavy personal investment he and his family made in the company.
Commitment to Students and Teachers
Emphasizing a return to its core mission, Raveendran highlighted the importance of empowering teachers and prioritizing students, underscoring his unwavering commitment to the business. He firmly dismissed the idea of shutting down operations, comparing the role of an educator to his own, stating that “a good teacher will never leave students halfway.”
Looking Ahead
Despite the challenges faced by the company, Raveendran expressed faith in its ability to overcome current challenges. He criticized what he described as a distorted narrative being presented about Byju’s in the media and defended the company’s past decisions. @EconomicTimes
