Once hailed as the shining star of India's startup scene, Byju Raveendran's edtech empire, Byju's, has faced a dramatic downturn in fortunes, serving as a cautionary tale for domestic startups. Despite initially weathering the pandemic-induced disruptions with continued growth, recent events have cast a shadow over the company's future.

A majority shareholder vote ousted Raveendran as CEO, citing allegations of mismanagement, triggering legal battles and financial turmoil. The Karnataka High Court has intervened, temporarily halting the shareholder resolutions pending further review.

Byju's woes extend beyond leadership disputes, encompassing mounting debt, investor dissatisfaction, regulatory scrutiny, and operational challenges. Allegations of financial impropriety and legal battles with creditors and sports authorities further compound the company's predicament.

Despite the setbacks, Byju's remains a significant player in India's startup ecosystem, attracting global attention. However, its path to recovery hinges on resolving internal conflicts, restoring investor confidence, and recalibrating business strategies for sustained growth rather than solely chasing valuations. As the saga unfolds, the fate of Byju's serves as a litmus test for the resilience of India's startup landscape.