Byjus founders AMA on Wednesday

https://youtu.be/9N2YQDnwFkk

Except my name and designation

If founders care more about customer then they don't have to bow infront of VCs. Customer Obsession >> Funding Obsession

I hear tales about how at their peak, BYJU's used to deal with investors. They would not share financials. If you wanted to invest, they'd ask you to come down to office, and only for that time, see whatever you want to see. Investors obliged. It was the shining star of Edtech India, nobody wanted to miss out. Now those same investors are ousting the founder, fair enough. But I hope enough people look back and realize they created the problem. They allowed it to exist.

"BYJU’S grew considerably since our first investment in 2018, but, over time, its reporting and governance structures did not evolve sufficiently for a company of that scale. Despite repeated efforts from our Director, executive leadership at BYJU’S regularly disregarded advice and recommendations relating to strategic, operational, legal, and corporate governance matters. The decision for our Director to step down from the BYJU’S Board was taken after it became clear that he was unable to fulfil his fiduciary duty to serve the long-term interests of the Company and its stakeholders." https://techcrunch.com/2023/07/24/prosus-questions-byjus-governance-says-indian-edtech-regularly-disregarded-advice/?tpcc=tcplustwitter

Link to article - https://techcrunch.com/2024/01/11/blackrock-cuts-byjus-valuation-by-95-to-1-billion/

To all the people who blindly criticize the product, I think product is good. You should look into some videos on how science concepts are explained by Byjus Team on YouTube ROI- Cost of Byjus is about Rs 15 a Day, or about Rs 1600 per month..( Rs80,000 course of 5 years) Education as per UN as the highest ROI compared to any other investment. Bring up your questions and blind criticism. Remember if Byjus fails startup ecosystem will break down.