Their “greatest learning”

If founders care more about customer then they don't have to bow infront of VCs. Customer Obsession >> Funding Obsession

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.

Context - Morning Context article on Teachmint https://themorningcontext.com/internet/teachmint-is-the-latest-edtech-on-the-verge-of-a-crisis

Can anyone shed some light about the deal? - How much was the deal? - Why so low? If they had 24K colleges on their platform? - What's the larger play of Great Learning? How much is their conversions

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.

Indian VC's will never learn. With losses mounting to INR 3000 Crores, this is another debacle in making.

- 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/)