Byju's Raveendran dispels Dubai relocation rumors, vows to return to India

Byju Raveendran, the founder of India’s largest edtech startup, Byju's, has addressed recent rumors surrounding his move to Dubai, clarifying that it was motivated by family health concerns rather than an attempt to flee legal or financial troubles. "It's unfortunate that people think I ran to Dubai because of Byju’s issues. I came here for my father’s treatment, and that’s why I stayed," he said during his first public appearance in four years, according to a detailed report by Moneycontrol.

The clarification comes amid growing scrutiny of Byju’s, a company that once led the global edtech space but has been embroiled in financial and governance issues. Byju’s, which expanded aggressively through multiple acquisitions, including the high-profile buys of Aakash Educational Services and WhiteHat Jr., has struggled to manage its ballooning debt. These challenges led to layoffs, investor skepticism, and regulatory oversight.

Raveendran expressed his determination to rebuild the brand. "I’ll return to India soon, and I’ll fill stadiums. My commitment to transforming education hasn’t wavered," he asserted. Although the timing of his return remains uncertain, he hinted at a major public event that could mark a turning point for the brand. He also voiced his unyielding optimism in the face of adversity: "I only need to see a one percent chance to make it work. I’m not worried about what challenges come my way—I’ll find a way out."

Byju’s struggles and the path forward

Byju’s, once valued at over $22 billion, has been navigating tough financial waters, including a delayed audit report, loan repayments, and legal challenges. Investors have raised concerns about the company's governance, transparency, and long-term sustainability. Nonetheless, Raveendran remains focused on Byju’s core mission—to make quality education accessible worldwide.

He noted that the company’s restructuring efforts are already underway. These include refocusing on core markets, streamlining operations, and exploring potential partnerships to secure the future of Byju's. The company is also exploring ways to diversify its revenue streams, potentially by expanding into new educational sectors or geographies.

Raveendran’s proposed comeback to India, along with new initiatives, could play a pivotal role in reshaping the future of the company. His remarks suggest that while the path forward may be difficult, he remains confident in his ability to guide Byju’s through this turbulent period.