‘A good teacher will never leave the students by halfway …’: Bayju’s founder Ravendran on why he did not agree to shut down businesses

New Delhi: Founder and CEO Bayju Ravendran, under a thorough investigation in its first widespread pubsin byju, has kept a fresh look for the Ambalted Ed-Tech Company- “Bayju’s 3.0”– With a sharp attention on returning to his roots: empowering teachers, prioritizing students because he explained why he would not move away from business.“A good teacher would never leave the students halfway,” he said in an interview with ANI, “Why he opposed pressure to close the operation when the company was facing its lowest point when he was facing its lowest point.” “The teacher was standing in me, and we did not close the businesses. We had to complete the syllabus.”Referring to further legal troubles, Ravendron said, “We are not in court, we are in classrooms. This is where we are related.” “And these classes, being out of India, is our biggest benefit. It is a country where there is a lot of respect for teachers, so much respect for learning.” Once the price of $ 22 billion, Bayju has seen troubles, funding issues and investors disputes. A major flashpoint byju’s alpha is a case involving the US-based financing branch, including Ravendron, his wife and co-founder Divya Gokulnath, and former executive Anita Kishore of Anita Kishore of $ 533 million dyrts in loan funds. Ravendron denied the allegations, calling him a conspiracy by the lender’s trustee Glass Trust. “They are clearly explaining that there is no fraud, but they are trying to make it as there is … the goal is to create a story that is in line with their interests.” He also claimed that glass was under investigation in India for bribery and FCPA violations.Read more:BIJU founders sued transfer for more than $ 533 million Bayju also failed to secure $ 700 million in committed funding- some Revendran characteristics for global economic shock. He said, “There was no litigation. We did not go and did not support the investors who supported. And since then, now it is about three years, we are struggling for liquidity,” he said. Ravendran accepted mistakes during the company’s aggressive expansion, especially during epidemic. “When we tried to expand from India to the whole world, we made some commercial mistakes. Maybe we could take it a little slowly,” he said, the investor pushed for pressure. “We have 160 world class investors. All of them-these mandates were: increase, grow, grow and change the way children’s learning.” Alleging that some US-based lenders and hedge funds demanded to take advantage of the situation, Ravendran said, “I am not blaming all my investors. But there are some rotten apples … a couple of US-based lenders.He also reflected the investor pressure to stop operations amid increasing losses, but he refused to go away. “Suddenly when all investors who were asking us, growing, growing, growing, they told that the markets are changing and closing now. I did not agree to it. I did not agree. I stood up in me and we did not close businesses. We had to complete the course,” he said. Ridendran also claimed that teaching has always been a main passion for him and his wife. “I see that even today. My 78 -year -old father, when any student asks him something, I can see his eyes illuminated. And this is true for me and for Divya. Teaching is one of the most satisfactory jobs and it is the place where it is an incomplete dream for us. , Speaking of financial decisions affecting the company, Ravendron admitted, “This was the only mistake. We should not take that term loan when we had enough equity options,” he said in 2021 referring to a $ 1 billion loan.He said, “We are not giving up. The 3.0 of Bayju would be right for our original mission,” he said and emphasized a more sustainable approach. He said, “I am stubborn when I come to the mission. It is going to be the same. How do we make it easy and interesting for students? How can we use AI to change teachers, but to enable teachers to become better teachers,” he commented. Referring to the company’s visit, he said, “We made this company from 0 to 20 billion from the ground, up to a handful of students. It is something that cannot take away from us.”He said, “Why should we not fight to save whatever I have created in the last 20 years, what we have made with 85,000 employees? When we make a comeback, it will be on the same mission- but we will be more flexible how we work. We have learned a lot of lessons on the way,” he said. He also clarified the intentions behind his commitment. “I never saw the money. I never saw it. We invested everything we had in a mission. We have invested only one place in only one mission. We do not have any other investment. My entire investment is in Byju. His wife Gokulnath also addressed the family’s lifestyle and speculation around wealth. “If I have a cycle of 10 people, there is a circle of 5 in Bayju. We don’t go out, we do not party, we don’t network. For us, it is always about the company and our family,” he said. “We are not the owners of any luxury cars. We are not the owners of any luxury houses … it is always about what we can do for our country.”