Byju Raveendran, the founder of edtech company Byju's, posted on social media that he would rebuild his company. "It's not broken, it's just tired. We will rise again, "he tweeted.

Byju's was a start-up valued at $22 billion in 2022. The company faced a severe downfall due to financial crises and legal battles with investors.

Byju Raveendran will be moving out of India by the end of 2023. He was out of India long before Byju's was unable to cope with disputes with investors, mounting debts and financial collapse.

Ravindran, who joined X in March, shared the company's journey over the last two decades. "Nothing is as good as it looks or as bad as they make you believe. The truth is usually somewhere in between. So, I am here to talk about the last 20 years: good 17 years, bad 2 years, very bad 1 year. Without filters, only facts, "Raveendran posted.

He highlighted the role of BYJU'S in shaping young professionals. He revealed that the company hired 2,15,000 fresh graduates in nine years, offering them a fixed salary of Rs 6 lakh, irrespective of their experience or academic background.

In a note posted on X earlier, Byju's wrote, "I believe that if we start the company again, it will happen faster than expected. We will only be re-hiring from our former BYJU'S employees. "Some people might find my exaggerated optimism insane. But don't forget you have to be weird to be the first, "he posted on March 29.