Welcome to Indian Startups's Private Community

**THIS VIDEO WAS ORIGINALLY SHOT AT TECHSPARKS 2022 IN NOVEMBER**In the fireside chat with Shradha Sharma, Byju Raveendran and Divya Gokulnath had no hesitat...

[EXCLUSIVE] BYJU's Founder on Layoff, Social Media Backlash & Future of the Company

Byju 4 months back: Byjus going down? No chance 🤡

Analyst

Byju 4 months back: Byjus going down? No chance 🤡- Grapevine

Wtf is happening at Byjus?

Byju's now valued at $0 🙈

Growth Manager

India's most valuable startup has fixed a server-side misconfiguration that exposed the sensitive data of its students.

Byju's exposed sensitive student data, including loan details | TechCrunch

Byjus is just not stopping !

How is Byju’s doing?

Software Developer

From hero to zero! Byju’s inching towards bankruptcy

Product Manager

Welcome to News Discussion's Private Community

Most of us are curious of how decisions are made in major VC funds, as these funds are private and only share this information with their Limited Partners (LPs).

For the unknown, there are VC funds known as Corporate Venture Capital funds, which are the venture arms of corporate firms; they are required to disclose the performance of their CVC funds to the general public.

Prosus, one of the largest funds in this category, has just released its 2024 Annual Report, so thought it would be helpful to share the key takeaways with you all. So, here we go:

1/ Swiggy: On the Launchpad
Swiggy continues to impress with a 26% surge in its gross order value and a robust user base that's grown to 104 million. The food delivery giant isn't just expanding—it's preparing to soar with a confidential IPO filing. Swiggy's blend of core deliveries and quick-commerce ventures positions it as a frontrunner in the food-tech race.

2/ Byju's: A Reality Check
The tides have turned for Byju’s, once a darling of the edtech world, now facing a stark reality with a $493 million valuation write-down by Prosus. This significant markdown is a wake-up call to the high-flying valuations in the edtech sector, spotlighting the need for sustainable financial health over speculative growth.

3/ PayU: Quietly Confident
While specific updates on PayU were sparse, its role in Prosus’s fintech ambitions remains pivotal. PayU continues to weave through Prosus's strategy, likely focusing on enlarging its digital payment solutions and tapping into burgeoning financial service opportunities in emerging markets.

4/ PharmEasy: Unsung Potential
PharmEasy's story remains under the radar in this year’s dispatch. However, as a component of Prosus's health tech ventures, it’s poised to play a crucial role in expanding accessible digital healthcare solutions, streamlining services from prescriptions to doorstep delivery.

The Bigger Picture? Prosus's strategy paints a vivid portrait of India's evolving startup ecosystem. It's no longer just about rapid growth and sky-high valuations. The game has changed:

1/ Sustainability is king: Byju's fall from grace is a stark reminder that financial health trumps speculative growth.
2/ IPO readiness matters: Swiggy's preparations show the market's appetite for well-prepared tech giants.
3/ Quiet expansion: PayU and PharmEasy's low-key presence suggests strategic focus on steady growth over flashy headlines.
4/ Diversification is key: Prosus's varied portfolio highlights the importance of spreading bets across sectors.

Checkout their annual report at https://www.prosus.com/~/media/Files/P/Prosus-CORP/AR2024/1latestfinancialresults/04annualreport/fy2024annualreport.pdf - happy reading!

Would you like more breakdowns of such reports and documents? Let us know in comments below 👇🏽

Key takeaways from Prosus 2024 Annual Report

Journalist

https://thearcweb.com/article/byju-raveendran-1-billion-agm-8SWZHKi0REGjA6g4

Byju’s has faced consolidated losses of nearly Rs 8,300 crore ($1 billion) in FY22... Reminds me of "जितने का बबुआ नहीं उतने का झुनझुना"

Software Engineer

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: Wasn't it always gonna happen?

Byju's is so messed up! LOL!

Data Scientist

So after dodging many bullets Byju's finally goes to Insolvency Trial. 

Does anyone have any news of what's happening inside the company?

Byju's & Insolvency ❌

Program Manager

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

What’s happening with byjus?

Just wanted to check from someone inside on how are things at Byju..this week ?

Byju latest

Founder

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 billion in BlackRock has cut the value of its holding in Byju's, slashing the implied valuation of the Indian startup to $1 billion from $22 billion in early 2022.

BlackRock cuts Byju's valuation by 95% to $1 billion | TechCrunch

Just in : BlackRock cuts Byju’s valuation by 95% to $1 billion 🌀

Are they for real? After so much backlash

Byjus raising 1b again?

Investment giant Prosus has written down the valuation of edtech giant Byju's to below $3 billion, marking a steep drop from the $22 billion valuation the Prosus has marked down the valuation of Byju's, India's most valuable startup, to below $3 billion.

Prosus cuts valuation of Byju's, India's most valuable startup, to below $3 billion | TechCrunch

Byju’s valuation reduced from $22Bn to sub $3Bn by Prosus

Corporate Strategist

What could they do to undo this downward spiral?

How long before Byjus runs out of funds?

Mukesh Ambani and Reliance are planning to buy out BYJU'S liabilities in the Bankruptcy process at throw away valuations.

Since existing investors have lost interest in the company, now their say won't matter. The highest bidder will be able to buy out BYJU'S. 

Great opportunity for Ambani's, Tata's and Adani's of the worst. The infra, IP and tech that BYJU'S has is easily worth more than a Billion dollars cakewalk. This is way lesser than their liabilities.

Looks like the employees and ex employees are after all safe.

Ambani - BYJU'S

Interesting. That means Jio and Mota bhai will have a pie in every aspect of the Indian economy from the government to the infrastructure to the education that is imparted. Good good

- BYJU'S founder and CEO Byju Raveendran claims the company is on the brink of reversing its negative business cycle and launching BYJU'S 3.0, an AI-driven educational platform.
- Raveendran stated that the founders have infused approximately INR 7,500 Cr into the company over the past 29 months to meet operational needs.
- The company has failed to clear July 2024 salaries, with Raveendran blaming lenders and promising prompt payment once control is regained.
- Despite financial challenges, BYJU'S remains the largest edtech platform globally with 150 Mn monthly users, transitioning to a sustainable business model.
- Raveendran addressed ongoing legal battles with US-based lenders and denied any personal investigation by the Directorate of Enforcement. 

 Source: [Inc42](https://inc42.com/buzz/byjus-on-the-verge-of-a-turnaround-investors-ready-to-back-the-company-byju-raveendran/)

Byju 4 months back: Byjus going down? No chance 🤡

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