Byju's Downfall: A Turning Point for Digital Learning Worldwide

Business News: Byju's, a big name in the digital age of education, which was once synonymous with billions of dollars of wealth and success, is today caught in financial and legal troubles. The company's co-founder, Divya Gokulnath, has revealed a truth that has stunned everyone. Divya told them that they do not even have the money to pay lawyers to fight a legal battle in the US. Yes, you are reading it right. The founders of what used to be a big firm are now unable to even get legal help.

Huge hurdle in legal battle: lawyers demand million dollars

Divya recently said in an interview that the lawyers fighting her case in the US are demanding a fee of $1 million from her. She and her husband, Byju Ravindran, are unable to afford this huge amount. She said, "If we really had so many billions of dollars, we would not have had any problem in raising so much money for lawyers. But today the situation is such that we are not even able to find lawyers to defend ourselves in court." This statement perfectly reflects the depth of Byju's financial difficulties and crisis.

Allegations denied; claim of money transfer to personal account is fake

Divya also completely denied the allegations that she or her husband transferred the loan amount to their personal accounts. She says that this is false propaganda, which is aimed at tarnishing her and the company's image. Divya clarified, "All these allegations are baseless, and we are completely clean about it."

Legal battle continues amid pressure and threats

Divya also said that her husband is being threatened amidst this entire crisis. Attempts are also being made to intimidate the family and close associates. She says that all this is part of strategies like 'Sannata Karao or Badnam Karo' so that they give up. But Divya firmly believes that they will not give up this battle. "We are with the truth, and the truth will win," she said.

Clouds of economic crisis, Byju's future in the dark

The reason for this condition of Byju's is the increasing debt and increasing legal challenges. The pressure on the company to repay the debt has increased so much that the founders' personal wealth has almost ended. Due to not being able to pay the lawyers' fees in the legal battle, their position in the court is getting weaker, due to which the company's future is at risk. The firm that once led the digital education of crores of students, today the same company seems to be standing on the verge of ruin.

Byju's journey full of digital dreams in trouble

The story of Byju's was a big success in the world of education technology, but now it has reached a point where the economic and legal crisis has slowed down its pace. This fight between Divya and Byju is not just a fight of a company but a fight of the hopes of millions of investors and students. In the coming times, it remains to be seen whether Byju's is able to come out of this storm or remains a big lesson in the pages of history.