India, May 17 -- Founder of edtech startup BYJU'S, Byju Raveendran, admitted that the company made "some business mistakes" when it expanded "too fast" to 21 countries due to the 'mandate' from the world-class investors.

BYJU's, the beleaguered edtech giant, has faced numerous problems in recent times after a period of great growth. Raveendran said that the company could have taken expansion a little slower but had to heed the mandate of the investors for growth in the Covid era.

"When we tried expanding from India to the whole world, we made some business mistakes. Maybe we could have taken it a little bit slowly. We were growing a little too soon, too fast. We went from India to 21 new countries. But if you ask me, in that context of ...