Byju's controversies
Controversies tied to this brand in public sources. A listing is not a finding of fault.
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2024
Loan-proceeds and creditor dispute
US bankruptcy litigation focused on approximately $533 million in loan proceeds and allegations concerning their location and disclosure. A court found director Riju Ravindran in contempt and imposed escalating sanctions.
2024
Insolvency proceedings and collapse in reported value
Creditors, regulators and courts became involved in proceedings concerning unpaid obligations. The company's reported valuation fell dramatically from its 2022 peak, and Byju Raveendran stated in October that the business was effectively worth zero.
2023
Foreign-exchange regulatory investigation
The Enforcement Directorate searched Byju's premises under foreign-exchange legislation and reported finding documents it characterized as incriminating.
2022
Employee complaints and mass layoffs
Employees publicly criticized treatment and working conditions while the company carried out large-scale layoffs during a shift toward profitability.
2020
Criticism of sales and advertising practices
The company and its WhiteHat Jr subsidiary faced criticism over high-pressure sales methods, affordability and advertising claims. India's advertising self-regulatory body asked WhiteHat Jr to withdraw advertisements containing claims about a fictional child called Wolf Gupta and purported employment offers.
2020
Defamation litigation involving Pradeep Poonia
Byju's filed a large defamation claim against critic Pradeep Poonia after he made allegations about the company's claims and teaching practices. The company later withdrew the suit.