BYJU'S is in insolvency proceedings and is not currently accepting franchise applications.
"As of mid-2026, BYJU'S parent Think and Learn Pvt Ltd is under insolvency resolution in India. Founder and CEO Byju Raveendran was sentenced to six months in jail by a Singapore court in May 2026 for contempt of court linked to disclosure obligations in an ongoing legal dispute with lenders. The valuation, peaking at $22 billion in September 2022, was effectively zero by October 2024. The aggressive Tuition Centres expansion plan — once positioned as a franchise pathway for individual investors — was wound down amid the financial restructuring." — Wikipedia: Byju's + The Logical Indian collapse explainer (2026), en.wikipedia.org
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How BYJU'S went from $22 billion to insolvency in 24 months
BYJU'S was founded in 2011 by Byju Raveendran (a former mathematics teacher) and his wife Divya Gokulnath, born from the success of CAT-prep coaching classes that drew thousands to stadium-sized sessions across India. The flagship BYJU'S Learning App launched in 2015, and the company rode the COVID-19 surge in 2020 to become the world's most valuable edtech, reaching a peak valuation of ₹1.83 lakh crore ($22 billion) in September 2022.
The collapse traces to an aggressive M&A spree in 2021-22 funded by debt and equity: Aakash Educational Services (₹7,300 crore), WhiteHat Jr (₹1,800 crore), Great Learning (₹4,000 crore), Toppr, Tynker, Epic, and others. Each acquisition burned cash while consolidation of operations stalled. By 2023, auditor Deloitte resigned over disclosure concerns. Bondholders sued. The IPO that was repeatedly promised in 2021-22 never materialised.
The Tuition Centres expansion — positioned as a franchise pathway for individual investors, with build-out estimates of ₹15-25 lakh per centre — was the most visible casualty for entrepreneurs. Centres opened in 2022-23 closed within 18 months as parent-company liquidity dried up. The aggressive sales-driven offline model alienated families and triggered regulatory scrutiny over upselling practices.
By October 2024, multiple media reports indicated BYJU'S effective valuation had dropped to zero. Insolvency proceedings began in India under the IBC. The Aakash subsidiary — valued at over ₹4,000 crore on a standalone basis — became the subject of ownership disputes between creditors and the parent. In May 2026, a Singapore court sentenced founder Byju Raveendran to six months in jail for contempt, the result of his refusal to provide disclosure to a US-based lender (Glas Trust) over the disputed $1.2 billion term loan.
If a broker offers you a 'BYJU'S Tuition Centre franchise' in 2026, the programme does not exist. The trademark and rump assets are under control of the insolvency resolution professional, not available for new franchise grants. Active coaching-franchise alternatives in the same investment band include Allen Career Institute, FIITJEE, Resonance, Aakash Educational Services (now contested ownership), Vedantu, and Vibgyor schools.
Sources: Wikipedia (Byju's, updated 2026-05) · The Logical Indian collapse analysis (2026) · Singapore court sentencing reporting (May 2026) · Indian insolvency tribunal filings (Think and Learn Pvt Ltd) · FRANticc independent verification.
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