Byju Raveendran, founder of India’s largest edtech company, has announced the development of Byju’s 3.0, a fresh version of the platform centred on artificial intelligence and personalised education. In a recent podcast interview with ANI’s Smita Prakash, he laid out a vision of renewed clarity and mission-focused rebuilding, despite the ongoing turmoil surrounding the company.
“This is my life’s work,” he said, reaffirming his commitment to the brand and revealing that key members of his original team are still working behind the scenes to build the next iteration of Byju’s product offering.
Read More: Byju’s Faces $533 Million Fraud Lawsuit in US Bankruptcy Court.
One of the central pillars of the proposed transformation is the integration of generative AI to deliver custom-tailored learning experiences. Raveendran shared plans to create “one personal tutor for every student,” highlighting the potential of technology to enhance learning support at scale.
According to him, this evolution is a natural continuation of the company’s earlier innovations, such as the Learn Station device launched in 2021, which already attempted to personalise the digital classroom experience well before AI tools became widespread.
The announcement comes amid severe legal, operational, and reputational challenges facing Byju’s. The company has been under scrutiny due to allegations of financial mismanagement and misappropriation of funds. Shareholders had ousted Raveendran as CEO in 2024, citing governance concerns.
In response, Raveendran addressed these issues directly during the podcast. He denied all claims of fund misuse and maintained that the entire $1.2 billion raised through a US term loan in 2021 had been utilised to fuel business expansion.
In a sharp rebuttal of the narrative around Byju’s decline, Raveendran alleged that external forces were attempting to seize control of the company through misinformation. He claimed that a group of opportunistic lenders had crafted a campaign to influence court proceedings and force a takeover.
“These are vulture lenders,” he said, asserting that the legal pressure on Byju’s was orchestrated to discredit the brand and destabilise its operations.
Despite these hurdles, Raveendran insists that product development has not stopped. While the public face of the company remains mired in controversy, work continues behind closed doors on what he describes as a transformative new phase. The intent is to return to the roots of the company’s original mission—making high-quality education accessible and impactful.
With Byju’s 3.0, the founder aims to introduce a version of the company that blends cutting-edge AI with a renewed sense of purpose, positioning it as a mentor-driven platform rather than just a digital content provider.
While questions around financial accountability and corporate governance remain, the founder’s declaration of Byju’s 3.0 signals a fresh attempt to revive the embattled edtech firm. Whether this reboot will restore confidence among stakeholders remains to be seen, but the intent to innovate and rebuild is clearly underway.
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Published on: May 19, 2025, 3:37 PM IST
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