Byju's faces total shutdown if insolvency proceeds: CEO Byju Raveendran

Byju's, valued at $22 billion, may shut down due to insolvency, stated CEO Raveendran. Byju's, backed by investors like Prosus and General Atlantic, has suffered numerous setbacks in recent months, including job cuts, a collapse in its valuation and a tussle with investors who accused CEO Byju Raveendran of corporate governance lapses. Byju's has denied any wrongdoing..