Byju's Investors Call Meeting to Fire CEO Byju Raveendran | Vantage with Palki Sharma

Byju's Investors Call Meeting to Fire CEO Byju Raveendran | Vantage with Palki Sharma
Byju Raveendran has secured interim relief from the Karnataka High Court that would prevent his removal by investors at the upcoming EGM. Reports suggest India's Enforcement Directorate has issued a look-out notice against the Byju's founder. Palki Sharma tells you more.
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Byju's | Byju Raveendran | Investors | Enforcement Directorate | Look-Out Notice | Firstpost | World News | Vantage | Palki Sharma
#byjus #byjuraveendran #investors #enforcementdirectorate #lookout #notice #firstpost #vantageonfirstpost #palkisharma #worldnews
Vantage is a ground-breaking news, opinions, and current affairs show from Firstpost. Catering to a global audience, Vantage covers the biggest news stories from a 360-degree perspective, giving viewers a chance to assess the impact of world events through a uniquely Indian lens.
The show is anchored by Palki Sharma, Managing Editor, Firstpost.
By breaking stereotypes, Vantage aims to challenge conventional wisdom and present an alternative view on global affairs, defying the norm and opening the door to new perspectives. The show goes beyond the headlines to uncover the hidden stories - making Vantage a destination for thought-provoking ideas.
Vantage airs Monday to Friday at 9 PM IST on Firstpost across all leading platforms.
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[@Firstpost]

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[@NationalistBhartiya]

Instead of investing on teacher & tech Byju invested on Top class ads 😂

[@emmanueljames1606]

Or if he gad given enough donation to bjp, he would have been free😂😂

[@-abhi]

​@@emmanueljames1606like christian missionaries donating naxal and communist

[@msdolly6101981]

​@@emmanueljames1606: you should have advised him 😅

[@akshaygarad2080]

They even signed Lionel Messi

[@sambit948]

Even sponsored IPL!

[@1997mithun]

When byjus was facing financial hurdles a year before they brought LEONEL MESSI for an ad shoot! A very strategic move 👏

[@dhruv7206]

they are cult on education

[@chikukumar-tj1ml]

I mean wtf have Messi to do with education.😂😂

[@akshaygarad2080]

@@chikukumar-tj1ml they thought after successful ed tech they might start online sports education😂

[@MoinKhan-uf4pg]

​@@chikukumar-tj1mlAll they want is to showoff by signing Messi they want to penetrate other countries market too.

[@arrshath]

​@@chikukumar-tj1ml Loss making company after laying off 1000's of people signed messi for an Ad!!

[@VirturalRealm]

Wow...he had this coming. All his evil deeds truely paid for...

[@johnhonai4115]

could you please elaborate , what are his evil deeds ?

[@shreyesbasutkar9206]

​@@johnhonai4115 selling his courses to the unaffordables by showing them hopes. Come on this is what byjus has done for long now

[@VirturalRealm]

​@@johnhonai4115 Byju's has been scamming indian parents with misleading information about their ed tech system. They hire houswives as so called "expert teachers" , give them course materials to mug up and teach, without any expertise in the area. They charge lakhs for most basic courses already available everywhere for free. They forcefully sell their ipads and laptops to the students, they had 90% of their employees in sales , and only 10% actually teach. the sales guys will go through any means , try and harass people to purchase their course. I can go on and on, Byjus was the most useless piece of s*** to ever exist, and I had my eyes on this since 2015, ever since I saw its first ad.

[@philipe222]

@@johnhonai4115 This was the company that treated their employees like worthless pennies.. I have never worked there, but I had a lot of colleagues from Byju's. From what they told me, it was hell. If you do not treat your employees well, this will happen...😊..Talk to someone who has worked there in senior positions, and you will know.

[@praveenkumar760003]

​​@@johnhonai4115it will take more than 1hr to explain u what evil deed he did. Ever heard of google search? Search for it. You will get the details of his evil deed over the years😆

[@Gorusuur]

This Byju's company has looted so many poor middle class Indian families exploiting their hard earned money by invoking fear in the minds of parents. This company had nothing to do with education. It had no social responsibility. It cared only about money. This company earned the curse of so many people - from parents to students to own company staffs that it was found to fail. Somehow this is karma.

[@PunithBD]

Well said... I have the same opinion... Now the fears is that he shall not leave country and become another Vijay Mallya....

[@shreyesbasutkar9206]

Well said !

[@rohittsiinha]

Curse of the Indian National Cricket Team sponsorship. It has taken down every sponsor.

[@SaiSS961]

Not the curse. But the cricket team takes only crook companies to be their sponsors since BCCI is also a corrupt organisation 😂

[@rahulapaul5943]

Star , oppo 🤔

[@pikachuthunderbolt3919]

Sahara, star 😂

[@sambit948]

That's not curse, that's called overestimating.

[@asc4135]

😂😂😂 indian cricket team and also srk..... they both kill the companies

[@ramakrishnan00]

when ceo got laidoff 😂😂

[@rishyasirungen9211]

Technically speaking yes he is getting laid off , but since he is the founder and if he still owns fair amount of share % of the company then he will become a board member .

[@madhvigupta8821]

Unacademy is the next BYJUs in making.

[@jebybenzy]

For sure education a business's

[@arrshath]

​@@jebybenzy physicswallah doing well

[@Harsh_2006e]

​@@arrshathpw also going in same path

[@arrshath]

@@Harsh_2006e Atleast they are far better in corporate governance and ethics

[@Harsh_2006e]

@@arrshath pw only online is good that too for neet preparation only

[@srini7004]

Money is mostly from Chinese investors. So it’s a good move

[@chikukumar-tj1ml]

Most of his investors are American venture capitalists.

[@rayyanabdulwajid7681]

Chinese aren't stupid to invest in a crappy company like byjus

[@arrshath]

Chinese investors invested in paytm not in byjus!!

[@KrishnamurthyManjarabad-cb2zv]

Two companies, Deewan housing and Byjus for which sharuk khan was the brand ambassador went bankrupt, ditto with Dhoni on some other !! Do we a buy a car or steel or cement, baby napis or just about anything because it was endorsed by actors / sportsmen ; seeing their mug of a face over and over, one would rather discredit such brands ; the money the companies are wasting on these characters could be passed on to the customers instead ??

[@rajathslr]

I remember sitting for his free classes in Koramangala during my preparation for CAT, He was so down to earth and had a vision for revolutionizing education, I am not sure where he went wrong, but feels bad to see him in this situation.

[@jayakrishnangpanicker6941]

He turned into a pathetic dacoit rather than a teacher later to loot money, there he went wrong.

[@joydipghosh4516]

He is the culprit who scam millions of indian parents just by selling fake dreams

[@TheChromelover]

Big money changes most people.

[@GopalaiahVinay]

Exploiting poor families and their insecurities. A refund scam. Toxic sales culture.

[@neeleshc5527]

Problem was instead of focusing in coaching quality, teachers pay, Byjus started focusing only on Revenues spending enormous amount on Advertisements to show revenue to its investors... They did ads taking huge amount of debt ... They wanted to grow fast an quick.. Which does not work out actually in Education sector.. It is slow an steady sector dominated usually by Big Edu Institutes controlled by Politicians ... So, they made big mistake by jumping the gun unnecessarily...

[@shaikdanny3522]

How much PUBLIC money diverted between AP GOVERNMENT & BYJUS DEAL

[@ggk2670]

YES

[@mein3324]

Fire him he looted many parents.

[@rohitpatil6111]

My sister used to work in byjus sales team they use to send her at night 1am to ppls home to push to buy their products and services. Event the family use to say what is the timing of the meet. Sometimes family were okay but work culture is way beyond toxic

[@shivananda8796]

10am or pm can understand in a way!! But 1am???!!

[@rohitpatil6111]

@@shivananda8796 yes bro not lying it was the reality

[@AkashS97]

This man Byju should be in jail for fraud, pushing kids for suicides, fear mongering parents and fake advertisements like wolf Gupta... Judiciary should act and send him to jail.

[@arthurmiller9103]

Not just send him but convict byju and keep him inside for a very long time.

[@AkashS97]

@@arthurmiller9103 I heard that ED is on the way to cease byju's properties..

[@BondJFK]

@@AkashS97 All his properties are mortgaged to banks already anyway those investors are also greedy glad common people dont loss money in it unlike stock market scam

[@sunilamaranth5606]

in Kannada there is a saying "Kittu tinno badthana" in literal sense poverty tearing you apart from all directions. From a huge valuation, lot of media presence and once seen as a behemoth of indian Tech company is now entangled with so many negative reasons. At the end Raveendran will be gone "Byju's'" remains which is not of Raveendran'S

[@enoshsubba5875]

I worked in Byjus in 2022. I was laid off. Nothing against them. I am grateful that Byjus gave me an opportunity. I never wantes Byjus to do down like this. It provided employment to a lot of Indian youth. I hope it recovers.

[@uniqueurl]

The problem is with their maintenance strategies. Any startup can boom when demand is on high levels. Coivd made byjus to sky high due to online classes. But they never thought beyond that. For eg. Candyman and koppico is coming with ads now. Even after they estabsihd their monopoly. Byjus acquired loss making companies and went into big sponsorship ads without making a strong base. This ship was bound to go down.

[@somethingnotthere]

you are a good intelligent person. that is the right attitude and you will make it big

[@rayyanabdulwajid7681]

Underworld dons also provide employment to big gundas. That doesn't mean they are right.

[@arrshath]

Layed off 1000's of people in 2022 to sign messi as brand ambassador!? Unethical practices, abusing employees, delayed in filing financial report & spaming in youtube comments with fake users!!

[@Artist_armygirl]

I also hope it ,I want Byjus to recover once again 🤠🤠 Byjus is just amazing and it cares about it students ,how can someone complain if some students didn't follow their studies and later put their blame on Academic . Byju's provide it's best

[@KnowYourself06]

They're taking a pretty small tv in exchange for course fee. They should take the sofa, chairs, desk... Also!!

[@paragkale1159]

During my school and college days, only academically weaker students would attend coaching classes. It was thought shameful for others to go there. I was an average student and slogged my way through exams. Now when i read of today's coaching classes I wonder whether in all schools, all teachers are so deficient that their students require extra lessons? As for Byju i had felt suspicious of his claims from the beginning. His sounded too good to be true.

[@krixxka]

You are absolutely right if the school teaches students well enough they wouldn’t have to take extra classes just to make their whole day routine more complex

[@akhilalex7930]

He was a good teacher but a bad businessman.

[@Pankaj_fighter]

Palki mam never misses a single chance to show his ex boss( Jagannath Goenka) his place great job 👍 mam I like this attitude.

[@ajeykumar129]

madam , Byjus use debt trap technique to cought a student and their family . sell their course in more 70k to 1lac . it should be closed byjus company . he makes education as a business it must bo closed it . ....

[@lordsj]

I'm not indian but I saw how coaching classes ruined student's life. Ofc some get the opportunity to learn. Nothing wrong with teaching and stuff but its too much I guess.

[@IITianDIVYANSHBHATT]

Byjus was a scam and its good to see them falling

[@satish918]

🙅‍♂️ Flawed logic by Palki in this video... Defending a greed driven fraudulent fleecer in the guise of defending foreign investors perception of India is wierd... On the country, stringent corporate governance will enhance the country's reputation... Please maintain the fairness of reporting u r known for, Palki ji 🙏

[@rahulgade1870]

Insted of investing on fake stars from Bollywood, he should invested in good teachers.

[@deganath106]

Yeah 1st one is right Instead of huge spending in adds , 2md one wrong teachers are actually so good , so instead of spending huge in adds and targeting sales they have to slightly reduce price and then genuinely people would have bought id not now in 10 years it would have been a successful company

[@facthub9964]

They looted many 😢😢

[@immanueljotham6018]

Dammit, shouldn't have returned my laptop. I'm sure my FnF isn't coming. 😅

[@ayushman_sr]

The weak base of the company and full of fraud activities. will eventually lead to the death of the company

[@samb23692]

Don't think the VC's are foolish. Everyone knew Byjus shady practices from long time. Their accounting fraud was brought to light by deloitte long back. It is their greed which makes them give higher valuations to such fraudulent and loss making businesses. Byjus and their investors deserve it.

[@80hazarkeshoeshain]

Always remember guys slow and steady wins the race. He ended up burning himself by flying too close to the sun.

[@ROSUJACOB]

Next flight to UK seeking asylum😂

[@chaksh]

Byju shareholder are now looking like Kalidasa.

[@rishyasirungen9211]

Excuse me guys , i do need some clarification...I have seen byju's hindu editorial analysis in youtube. It was really good , so my question is " Are their paid batches not value for money ?"

[@honeygho]

These things make me believe in karma 🤣

[@barryobrien1890]

Hi Palki. Can we get a report on the farmers that has turned fatal. Byjus is done, and the investors will be lucky to get 10% on the investment. BYJUS is good with the NLCT. Given the go air fiasco, with spice jet, now trying to leverage a sale with both airlines bankrupt and the NLTC dragging the case out for 1 year making India one of the most expensive countries to lease a plane, and further driving up the cost of air tickets due to inaction. No doubt byju will last another year and further increase drama

[@Namangen]

Ye Byju's unacdemy dono ese hi hain..... education ko dhandha bana rakkha hai....sirf unicorn ban jaana is not enough

[@rijulovarmenianairi6129]

No surprise ...byju hi investment from West....the indian hands didn't like such a move...slowly getting indianized/ northindiandianised and firing the founder

[@mr.p2407]

Fooling innocent parents that too thousands from middle class people. Will eventually lead to downfall ❤❤❤ Have seen with personally how they taget people who aren't capable of understanding

[@sajithchannadathu7902]

Thsi si what happens when u take money from greedy sharks

[@ChristinaTittu]

Name: Karma Process: Boomerang Moral: Be aware of you and your doings.... How many parents cried out their heart knowing that the finance situation of their family and yet trusted your brand and their children lost in distress due to fake sales etc..... and how many employees laid-off who were once forced to do sales and achieve targets and so on....... Byjus is a case-study for many on such greedy corporate leaders who set a bad example out there. I feel sorry for all those who are facing the losses even today coz of this brand😢.......

[@luckyjayakody]

One of the most evil & 3rd class enterprises in the modern times.

[@shashikanth6990]

Fuel cheap credit and building companies and trying to monetize wormed well with free money rather than demand based cap .. i have been waiting to see this from last 6 yrs finally many of these kind companies in organic growth now sucked up into a financial tsunami

[@user-nk8lp4ng8r]

Karma 🎉

[@petebell271]

indian jugaad, 99% of startup ceos does this , all funds are consumed by startup ceos lifestyle …..

[@helloitspradeep]

Why can't you Name the zee management like you named byjus.😂

[@sudiptomohan74]

sounds familiar, same thing happened in Google etc. Foreign players are playing here,trying to take over!

[@jaychandran854]

We are cruel to Entrepreneurs. A poster boy becomes a curse word very soon.

[@jebybenzy]

When ppl raised queries no govt agencies cared and now wat happened. Wen they cheated ppl they shpuld know today or tomrw it will fore back so hard

[@fjc528]

Too much growth too fast is never a good sign. This idiot never planned to slow down and growth numbers were like cocaine to him.

[@godakartik8110]

lmao they took off the tv fr

[@strategic_ysa]

more in pipeline among slowing sectors like IT

[@rocketracoon8699]

this is what happens when u make education as business. education should be made free not paid . many needy people need education. but these ed tech giants charge money even for basic knowledge providing . All the ed tech companies will have it coming . even allen , akash , unacademy and physics wala r next. people have now understood that they can gain education through their own self effort rather than wasting money on these companies to teach them. Indian youth please stay out of this mess. jee main, neet sab kuch aap khud kar sakte ho. don't waste money on coaching institutes or online coaching. use free available youtube videos and books and work hard, then rest of the things will happen naturally.

[@arijitdas1551]

he belongs to those class of people who names things on their own name

[@theshillonggirl]

God listened to all the prayers of the poor parents and suffering children. !

[@TheFlagUnit]

India is a paper Bengal tiger -- It gets a lot of PR due to China - US rivalry, but in the end it cannot deliver.

[@dipakpoul7831]

It's just one startup bro whats wrong with you... for that you blame whole of india???😂

[@BondJFK]

@@dipakpoul7831 not one bro Paytm gone , Bujyus gone , Ambani's Donzo gone many more startup bubble will burst ..government should intervene and regulate these investments and regulate startups

[@TheFlagUnit]

@@dipakpoul7831 Nation of grifters. A country creating a WeWork style bubble.

[@bencythomas5018]

hehehehe..... from the beginning treating education as a business things are meant to turn this way either it should be pure education for the mass or purely business... better this company start selling something else....Remove Byju from the board.... then whats Byju then... hold or leave him, change the company name...still the ship has sunk.... take the monies and lessen the liabilities... so much for EDUCATION, TECHNOLOGY....etc.. crap..

[@muthu7280]

best decision! for all bad decision he made

[@gauravkakkar8022]

You are talking about Legal means to recover money? Only high rich investors will get money... Neither employee nor consumers who have been cheated will get their money back... Are u kidding us? Don't we know the reality of justice in India? Have u forgotten Kingfisher airlines case? How many employees got the money for their work? Their pf was cheated only bank got their money back no one stood for the employees... So stop kidding that there are other ways like laws and all.. There is no other way....

[@MCBC_5]

Time to say BY BY Byju

[@ae6022]

They gave little focus on two key parameters which any successful organisation does:Employees and Customer

[@siddharthmanikpuri5560]

Byjus अपने उपभोक्ताओं को बेवकूफ बना रही है यह कितने दिनों तक चलता मेरा पैसा ₹94000 रिफंड करने के लिए940 बार कॉल कर चुका हूँ

[@arjunpmm]

I still don't understand why he is not behind bars yet? Using pressure tactics, duping parents, fake signatures on loan documents and so on - this company has don't all sorts of frauds ans scams. It's hard to believe that Ravindran wasn't aware of these scams and frauds. How else are we going to set an example ?

[@Only-Memes.]

They are one of the study website which gives alot of ads, like if you open their website you'll find ads on every freaking corner of your phone, anyway their website is useful for study purposes.

[@rutujd3270]

Most mergers end up failing so I don't think that'll affect the whole industry, as far as BYJUS is concerned, everyone knew it was a sinking ship and anyone who invested was too foolish so I don't think these 2 events define indian industry at all

[@sanujitroy6830]

why candidates joined byjus since covid-19 period and earned on the background still having a full time job in place?

[@lateefmalla981]

Instead of averting byjus fall, whole Indian media and govt agencies r speeding up this process.So 😢😢😢

[@jebybenzy]

U can't the people who burnt their money with them k ow their pain. Foe sure it's the curses can spend funny but true. Sontheir fall os inevitable

[@pratikkhadtale]

When u get investor pressure to increase revenue

[@prathm87]

22$ Billion valuation. 😂🤣

[@yadnyadadape6564]

Byjus has also stolen us ..... I just hate Byjus... My refund is also not paid.....

[@hmmer3471]

Should have fired when they didn't pay teachers but paid Messi and BCCI

[@eswarprasad790]

These online education apps should be banned and class room teaching & self study should be encouraged . Please ban these apps

[@SaraswatiBar08]

Karma always hit back.

[@adarsh-india]

nice things are happening with Byjus. Don't take it worng!! I was working at byjus, i know the insides. Its KARMA

[@sunilfgeorge]

In the pursuit of success, integrity is the true currency.

[@siddharthmanikpuri5560]

₹94000 लूट लिया मेरा byjus वालों ने रिफंड करने का नाम नहीं ले रही

[@tejasvisimha1597]

He should be removed. The company must collapse?!!

[@praveenyarnal6587]

Education can never be commercial entity

[@Vasudevan.C]

Always saying they they they ..... Them them them ..... Seems palki mam still want Byju to Loop Poor parents

[@FUTURECREEP2PI]

We are living in the age of open source and here bijus trying to give us same education for money 😅

[@tanishkhandal4759]

TV😂

[@NationalistBhartiya]

I prefer Physics wallah more ❤.

[@Phoenix-lf3kf]

It's another Byju's in making.

[@soumodipkarmakar402]

​@@Phoenix-lf3kf not at all

[@Phoenix-lf3kf]

@@soumodipkarmakar402 why is that?

[@soumodipkarmakar402]

@@Phoenix-lf3kf students have trust on pw and atleast they are not looting in the name of studies atleast the online branch

[@Phoenix-lf3kf]

@@soumodipkarmakar402 well the problem is investors not the Byju's or pw.

[@VarunVuppala-r1m]

Shut the company

[@adarshom4255]

tution must belong to tuition wale bhaiya and didi, not these sharks.

[@Mr__Bombastic16]

Its official now.. Jio is making entry into this field too

[@harishk2947]

Byju will start a courses on how to start startups ans get fired

[@amruthathomas1606]

What .. North Indian Taking law in their hands

[@viddheshjadhav9732]

Hunter got hunted

[@destroyinghaters]

Why she pauses for so long while talking

[@RJKK]

Out from the company he created...Apt Karma for a family who was insensitive and greedily ambitious...they always tricked us with their stupid vision n the schools n children they were helping.

[@Raja-ct9xq]

India is becoming the new #Singapore - whether it's for Good or Bad, depends on perspective

[@rayyanabdulwajid7681]

Nope. Bad will be bad and byjus is a scam company

[@arrshath]

Singapore has stable currency against us dollars. Whereas Indian currency 1usd = 75 Rs in 2020 1usd = 83 Rs in 2024

[@D402S]

India is nowhere near singapore and you can't even compare india with singapore. You can only compare cities with Singapore.

[@shivaprasaddasharath6232]

These guys have ruined the 10+ college system in Bangalore. Tied with many colleges through proxy alliances in the name of integrated teaching took the 10+ college education away from middle class by charging 4-5 lacs for admission. I would insist a thorough equirry should be initiated against these entities and their nexus.

[@aman6211]

Byjus is a scam, looted my Rs 20000

[@newbie71196]

They just destroyed the company GRADE UP and they breach the contract with us and looted our money 😑

[@bbHoldings-k2m]

Paisa toh sirf marketing company influencer's, Bollywood star's bana rhe h ...

[@BhuvanX96]

Norman Osborn!

[@VegBiriyani]

15 days money back guarantee program and also cancellation of subscription is a trap, parents were crying for refunds.

[@disturbed0insane]

Well done

[@sawai1277]

A 22b$ worth tution center. Just unfeasible

[@ajaysharma-s7i]

Karma they fired many employees so it’s now director’s turn 😂😂