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Byju's (stylised as BYJU'S) is an Indian multinational educational technology company, headquartered in Bengaluru. [4] It was founded in 2011 by Byju Raveendran and Divya Gokulnath . As of October 2024, various media outlets reported that Byju's valuation has now plummeted to zero, down from its peak valuation of $22 billion in 2022.
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Divya Gokulnath (born 1987) is an Indian entrepreneur and educator who is the co-founder and director of Byju's, an educational technology company founded in 2011 in Bangalore, India. [ 1 ] [ 2 ] Early life and education
On January 25, 2024, lenders began bankruptcy proceedings against GeoGebra's parent company Byju's in an effort to repay its loans. [8] On February 1, 2024, Byju's U.S. division filed for Chapter 11 bankruptcy in Delaware. Byju's would raise around $200 million in an effort to clear "immediate liabilities" and for other operational costs. [9]
Insolvency proceedings against ed-tech giant Byju's, once India's biggest startup valued at $22 billion, will likely force thousands of employees to quit and result in a total shutdown of its ...
In 2011, he founded Byju's with his wife, Divya Gokulnath, [5] whom he met while she was a student in his exam preparation class. [11] [12] In 2015, as smartphone screen sizes increased, Byju's launched an app developed by Byju for students to learn on handheld devices.
The company was launched in 2014. [1] Its name, Vedantu, is derived from the Sanskrit words Veda (knowledge) and Tantu (network). [2] The organization is run by IIT alumni Vamsi Krishna (co-founder and CEO), Pulkit Jain (co-founder and head of product), Saurabh Saxena (co-founder) and Anand Prakash (co-founder and head of academics).
On January 25, 2024, lenders began bankruptcy proceedings against Tynker's parent company Byju's in an effort to repay its loans. [9] On February 1, 2024, Byju's U.S. division filed for Chapter 11 bankruptcy in Delaware. Byju's would raise around $200 million in an effort to clear "immediate liabilities" and for other operational costs. [10]