Just in : BlackRock cuts Byju’s valuation by 95% to $1 billion 🌀
Sad state of Indian Edtech. Next would be Unacademy.
BlackRock has yet again cut the value of its holding in Byju's, slashing the implied valuation of the Indian startup to $1 billion from $22 ...
https://techcrunch.com/2024/01/11/blackrock-cuts-byjus-valuation-by-95-to-1-billion/
shakalaka
Stealth
8 months ago
Yet Byjus used to be the poster boy of indian edtech industry. It's all their handiwork. Bad karma always bites back.
I remember people bashing Coursera a few years back and saying Byju will take over the whole world of edtech.
Compared to biju wiju the folks at Coursera are bloody saints.
Gems_Bond
Stealth
8 months ago
Is this cr***y company still worth? 😳
₹83,00,00,00,000
Bakwasmaal
Stealth
8 months ago
Next valuation chkpoint: 1USD
D0nkey05
Stealth
8 months ago
I giggled when I read your user name. Internet truly is a creative place
Indusplateau
Stealth
8 months ago
Next wave will be influencer selling.
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Randomization
Stealth
8 months ago
Byju was way ahead if everyone but in the end greed cost him his sensibility.
His tablet had way old content esp for CAT exams.
Randomization
Stealth
8 months ago
Valuation, first mover advantage, concept from teaching from a tablet.
And I have heard Byju’s classes were houseful during his teaching time in Bengaluru.
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BinaryBillionaire
Stealth
8 months ago
They bought Akash Institute for whooping $950M and now they’re valued at $1B.
So in-short without Akash Institute, Byju’s valuation is $50M!
Sounds resonable🙂
Noctus
Stealth
8 months ago
Still the valuation is overvalued 😂
PureStole96
Stealth
8 months ago
Still overvalued by $1 Billion
Practically speaking, company can't be valued even a penny more than actual tangible assets it owns.
If it was listed, it would have been like the case of Yes bank, and opting for bankruptcy or delisting due to value.
My Esops are now worth 1/10th of what it was 2 Years back. But I am happy .. Byjus deserved the mess they are in right now. 🥲
Don't think Unacademy will fail, and I hope Byjus also recovers back. Quality of Byjus, their animations etc. are top notch. Unacademy courses are for the mass middle class.
Accha hua, bohot acha hua, kya sad state hai bro, ittna neech kaam karte hain ye log course bechne ke lie pata nhi hai kya tumko, ye log, gareeb logo ko loan delwake lakhon ka ek ghatiya sa tablet de dete hain,
