What could they do to undo this downward spiral?
Where did the money even go?
Advertising and marketing I guess. And of course to Messi.
Imagine if they have invested that much money on gpus, their own cloud infrastructure facilities or Ai
Can't wait for it to crash and burn
Time to make sure byju doesn't leave the country for the UK
That’s hard to do I guess seeing the history
I really wanna see it crash and burn. This guy and DG should be in jail for money laundering, fraud among other things. While the company was firefighting last year, this guy along with DG sold 300M USD worth of share to ensure a golden parachute for themselves in case it all goes down. Keeping his house as collateral for paying salaries was just PR from his team. The damage they have done to startup ecosystem in India is massive.
If it crashes, I guess many it’s gonna shake investors confidence in Indian startups
Never. If any of the investors suspected this company won't survive they would have pulled out along time ago. The fact it is still functioning with 8k loss means they will probably never close untill some big external event like a antiedtech government policy or something.
They are now looking to raise more than $100 million at a steep 90% discount to its $22 billion valuation. I believe all is not well with existing stakeholders.
First, they had a layoff. Lot of good people quit including great people Then, they had a second lay off Some great people in the leadership quit. Middle management people are quitting every day. Only engineers and other people who are...
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
Ever wonder how a teacher became a billionaire? That's the BYJU'S story, as told by Inc42's Bismah Malik. Buckle up, it's quite a ride.
Back in 2010, Byju Raveendran was teaching in stadiums. Yes, stadiums. He was that good. Fast forw...
