What’s happening with byjus?
First the audit report got delayed. Now they’ve reported a loss of over 4.5k cr. And I believe they’re like a mothership of edtech, if they gone down then the entire category goes down from an investment perspective
I think BYJUs is the first draw in the decline of Indian startups with unhealthy models. You cannot throw millions of dollars into a bad model expecting profits on the other side.
Hope this makes investors and entrepreneurs invest in more sustainable growth across the board
The core problem is a lack of PMF and scaling up without it.
Value in K12 online is limited, students continue to be tuition classes oriented
Byju's stepped up all gears, did a whole lot of misselling, and also saw good numbers naturally during pandemic.
Sales team cannot be scaled beyond a point, and without PMF, I feel it's all coming together
We’re cutting it down guys. We just need a leader who is not a sales guy.
Btw we do some pretty good work too, like both in terms of impact on ground and tech but it just never sees the light of day (media/press wise) cause we fkn don’t get our shit together
And now they’ll bring a football god to look better but it’ll just not do the trick this time
