Edtech startup Byju’s flagship Android app has been removed from Google Play Store. Apart from this, the company’s website has been limited to a basic landing page. Not only this, users who have already installed the app are not able to access paid subscription and video content. The edtech firm’s ‘Think and Learn Premium’ app and ‘Byju’s Exam Preparation’ app are currently visible on Google Play Store. At the same time, Byju’s – The Learning App is showing on Apple’s App Store. Problems due to pending payments of AWS According to reports, this problem related to Byju’s flagship app is happening due to pending payments to Amazon Web Services (AWS). Byju’s cloud infrastructure is AWS powered. According to the source, there has been a delay in payment to AWS and due to this some services have been stopped. Due to this, Byju’s app content, website functionality and video delivery are currently down. No information from Byju’s yet The ‘Think and Learn Premium’ app is visible on Google Play Store right now, but it is not working for users. There are reports that users are not able to access any learning content. No information has been shared by Byju’s about this yet. Byju Ravindran had said – I am not a fugitive Recently, BYJU’s founder and CEO Byju Ravindran had said that he is not a fugitive. He termed the allegations of fugitive against him as false. Byju Ravindran had said that this is part of a fake story, which is run by a coordinator media and legal campaign to gain control of the troubled edtech company. In an interview to ANI, Ravindran had said that some US-based lenders were behind the efforts to tarnish the company’s image. Byju said, “They have destroyed the value of the company in front of stakeholders, investors, employees and everyone.” Byju Ravindran accuses US-based lenders Byju Ravindran has accused US-based lenders of trying to create bias in Indian courts by calling him and his brother Riju Ravindran fugitives. Ravindran said that these are stories that they have fabricated in an attempt to gain control over the company. Ravindran had said, ‘In a company that is built on the name of the founder. Or where the founder has played an important role in the initial years. They forget the fact that if you tarnish the name of the founder, it will have a huge impact on the valuation of the company.’ At one time the valuation of the company was $ 22 billion. Speaking further on the allegations of being declared a fugitive, Ravindran stressed that this claim is only a part of what he called a malicious media campaign. He clarified that the term was only mentioned verbally and was not included in any official documents. Our entire property and company is established in India Byju Ravindran had said, ‘Our entire property and company is established in India. All profits were earned in India, taxes were paid in India and investments were also reinvested in India.’ Also read these news… Byju’s fell from 22 billion dollars to zero: Byju Ravindran said – We will rise again, will bring back old employees Byju Ravindran, the founder of debt-ridden edtech company Byju’s, has said that he will relaunch the company soon. Ravindran shared his old picture in a post on social media platform X and wrote, ‘We were broken, but not broken. We will rise again. I remember the sparkle in the eyes of my students.’ At one time Byju’s was the largest edtech startup in the country. By 2022, its value was $22 billion, i.e., about Rs 1.88 lakh crore, but due to financial mismanagement and other problems, the company’s net worth became zero in 2024. Read full news… NCLAT rejects BCCI-Riju Ravindran’s petition: Demand was made to withdraw bankruptcy proceedings against Byju’s The National Company Law Appellate Tribunal (NCLAT) has rejected the appeals filed by BCCI and Riju Ravindran. In these appeals, there was a demand to withdraw the bankruptcy proceedings against Byju’s and consider the settlement between the debt-ridden edtech firm and the top cricket body. BCCI and Riju Ravindran had challenged the order passed by the Bengaluru bench of the National Company Law Tribunal. Riju Ravindran is the brother of Byju’s co-founder Byju Ravindran. Read full news…
