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How long before Byjus runs out of funds?

What could they do to undo this downward spiral?

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MightyLazyGeekStar

Stealth

8 months ago

Where did the money even go?
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Aragorn_urf_Maverick

Accenture

8 months ago

Advertising and marketing I guess. And of course to Messi.
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Noctus

Stealth

8 months ago

Imagine if they have invested that much money on gpus, their own cloud infrastructure facilities or Ai
See more comments
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Node

Stealth

8 months ago

Can't wait for it to crash and burn
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Elon_Musk

X.com

8 months ago

Time to make sure byju doesn't leave the country for the UK
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Aragorn_urf_Maverick

Accenture

8 months ago

That’s hard to do I guess seeing the history
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Sherlock007

TCS

8 months ago

Case study for future entrepreneurs. Topic "Solve a problem, don't create newer ones".
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Aragorn_urf_Maverick

Accenture

8 months ago

The sales model for the beginning was flawed. Using fear mongering or scaring tactics, no CS after sales.
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Sherlock007

TCS

8 months ago

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LightMile44

MongoDB

8 months ago

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.
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Aragorn_urf_Maverick

Accenture

8 months ago

If it crashes, I guess many it’s gonna shake investors confidence in Indian startups
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Qwerty2398

Stealth

8 months ago

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.
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Aragorn_urf_Maverick

Accenture

8 months ago

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.
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SirLewisHamilton

IBM

8 months ago

Where does byjus get so much money from??? Ane who's still funding them????
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Aragorn_urf_Maverick

Accenture

8 months ago

Their last funding round was in 2022, they raised $250 million. They are now looking to raise more than $100 million at a steep 90% discount to its $22 billion valuation.
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inr

Oracle

8 months ago

Hopefully soon, they're still scamming. Our maid got into their loan unknowingly. Trial, they told her - but no way to cancel it
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Aragorn_urf_Maverick

Accenture

8 months ago

They even sold loans and used all sort of tactics to recover them
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Curated from across

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News Discussion on

by randomjocke

Porter

What’s happening with byjus?

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

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Indian Startups on

by UtterBlade55

InMobi

Wtf is happening at Byjus?

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Office Gossip on

by StartupBabaSr

Zomato

Ask me anything about Byjus

Except my name and designation

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Layoffs on

by StartupBabaSr

Zomato

Byju's about to close $250 million funding

Just heard that Byjus is about to close $250 million funding. Can someone confirm if this is true?

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Office Gossip on

by WryExile38

Swiggy

How badly is Byjus going down?

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News Discussion on

by RectangleBro

Quizizz

What guarantee that Byju’s survives end of the year?

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

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Indian Startups on

by DarkerKnight

Stealth

Byjus raising 1b again?

Are they for real? After so much backlash

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Indian Startups on

by AGIcoming

Google

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"

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

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Bangalore on

by StartupBaba

Stealth

Byjus may shut down

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 not able to get jobs are remaining They shut down majority of US acquisitions They are trying to sell some of them like Tynkr and Epic Not able to raise funding till now even though trying since December Sales is down 90% New Inside Sales process is not working They are out of runway.