Byjus Valuation Sliced By 99% - Rasing a 200 million $ through rights issue at 250 million dollars

what a fall from 22$ Billion to just 0.25$ Billion..must be depressing for folks who trade lot of Fix component for Esops

A few more days and any of us might buy it off by breaking one FD.

Valuation game has become a dick measuring contest among startup founders & VCs... Hope this results in course correction

Who is the genius who invested ?

Byju has fallen because of shady model. A lot of poor people were given course under shady T&C loan. Along with poor practices in hiring teachers, employee issues with work pressure, salary issues. Financial Audit issues and other issues. Along with that filing cases against critics, harassing them, removing all dissent. They had huge army to report any critic, ban their accounts and what not. Even after all this was public, VC kept investing. Byju deserved this valuation. It got what it deserved.

Not surprising. Extremely FOMO driven investing led to the sorry state of affairs. The Indian education market will probably not be able to attract any capital to solve for one of the largest student and young professionals population in the world. Most of whom have gone through a shitty school system and a piss poor college experience which give them no skills or network. The rest who go to the good colleges make up a small percentage of the total student population. Thinking of the biggest object in the universe, the problem with education in India is larger than that. So far sustainable solutions haven't come about to solve them at scale or even tactically. Key word is sustainable.

Time to bury the dead.

This is a rights issue. Not a usual fundraise.

I am gaining good financial terms bcoz of Byjus

Lol