Home Business “Not All Rags To Riches Stories Are of Honest Intentions,” Says Hansal Mehta On Byju’s Crisis 

“Not All Rags To Riches Stories Are of Honest Intentions,” Says Hansal Mehta On Byju’s Crisis 

by Team, Endoc
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Hansal Mehta Makes A Huge Statement Amidst Byju's Crisis

An Indian filmmaker has spoken out about his past interaction with Byju’s. He reminded people of the backlash he received for criticizing the ed-tech platform on Twitter.

Filmmaker Hansal Mehta has openly questioned the ed-tech company, Byju’s, and stated that “not all rags to riches stories are stories of honest intentions and legitimate wins.” Byju’s is now dealing with a number of issues, including the resignations of its senior executives and an employee dispute.

The Omerta filmmaker recently tweeted about his personal encounter with a Byju’s official who visited his home to pitch programmes. He objected to the Byju representative’s efforts to demonstrate that his daughter was academically underachieving and needed Byju’s goods.

Hansal Mehta Makes A Huge Statement Amidst Byju's Crisis
Hansal Mehta Makes A Huge Statement Amidst Byju’s Crisis

“When Byjus visited my home and tried to offer my daughter programmes she didn’t need during the epidemic, I called them out. In an effort to gain more money, they made an effort to persuade her that her academic performance was inadequate. They had to be ejected from my home. I received abuse for making fun of the ‘rags to riches’ tale. Due to the harassment, I had to remove my tweets. It’s important to remember that not all rags to riches tales are about sincere intentions and honest triumphs”, he said on Tuesday as their “house of cards” started to fall.

Ramnivas Kumar agreed with the director and retorted, “Similar thing happened with me – devoid of the Twitter problem. Byju’s men arrived, made grand claims, offered children gadgets, etc. It sucked after a few days, so we withdrew. knew there were plenty of free education applications and YouTube videos accessible if my kids wanted to learn about anything,”

Byju’s crisis

The ed-tech platform, which was previously in the headlines for its investment and tremendous growth during the COVID epidemic, is currently dealing with difficulties on all fronts. The business is engaged in a number of conflicts including valuation markdowns, regulatory compliance, and loan defaults.

The ed-tech company recently lost three non-promoter directors and its auditor. Last Monday, the directors for Peak XV Partners, Prosus, and Chan Zuckerberg Initiative, three investors in BYJU’S, left the organization. The corporation now faces the danger of the Indian government opening a formal probe following the departure of its auditors.

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