"I May Be Broke, But Not Broken": Byju Raveendran Vows to Rebuild Amid Financial Storm:

Byju Raveendran commented how he will revive the struggling startup Byju’s. He shared a motivational quote stating how he may be broke, but is not broken. “We will rise again,” Raveendran said.

The global investors were very optimistic about Raveendran, however, as of now, Byju’s is embroiled in multiple legal battles against it’s unpaid debts which are estimated to be around a billion dollars.

This is the second update of Raveendran after his month long silence. The first statement he made was a detailed explanation of his recovery plan for the company.

Criticism on X came from every corner after his announcement, with certain users accusing him and the company of decieving parents. A few users tagged the Byju’s counsellors as “hooligans.”

A user wrote, “Karma hit you badly!”

Another user commented, “Yes, But don't be greedy. Your employees were also greedy. Don’t try to cheat people in the name of their small children.”

“You utterly exploited the faith reposed by the Indian middle class parents who worked hard and put their savings on the line for their child’s future,” writed another user on X.

On the other hand, recalling the Byju’s financial crisis and blurring legal battles, Raveendran claimed that the company’s lenders and the so called interim resolution professional (IRP) were behaving quite unprofessionally.

He alleged that he, along with some other staff members, possessed documents which he claimed had “irrefutable proof” of some criminal conspiracy involving Ernst and Young (EY) India, US based loaning firm GLAS Trust and IRP Pankaj Shrivastava.

“Without doubt, a competent investigation will lay bare the fact. I request regulatory bodies to act forthwith,” Raveendran put his thoughts on LinkedIn.