Even Flipkart and Amazon India have less than billion dollar loss (~0.5B $ each). What the fck man with byjus?

Data engineer

Senior Consultant

Software Engineer

I hear a lot of Layoffs there specially new grads. But my school friend is staying good there as fresh grad.

Software Developer

And thats not even their spend, spend is probably $1.6 billion in the year.

Strategy & operations

What are they even spending on 😭

Product Designer

What are they even spending on 😭- Grapevine

Welcome to Indian Startups's Private Community

Unacademy’s FY23 Loss Falls 41% To INR 1,678 Cr, Posts INR 907 Cr Revenue

Unacademy’s Loss Falls 40% FY2023

Founder

Prosus just released their annual report - was checking it out and saw that they've written off 100% of their Byju's stake

For the unaware, they're Byju's largest share holder with ~10% of the business - their stake was last valued at 2 billion.

They're writing off TWO BILLION - let that sink in!

Also they've marked down their stake in pharmeasy by 35% 🤔

Prosus says Bye-ju's 👋🏼

Investor

Welcome to News Discussion's Private Community

1 billion in loss wtf is wrong with Byjus

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"

Q2 22 was $20Bn in profits in contrast. The giant keeps slipping. This is unfortunate because it’ll continue to impact growth funding

SoftBank slips to red as Vision Fund posts $4.2b in losses

Softbank reports $4.2Bn in losses in 6 months

Investment Associate

Can anyone here tell me what exactly went wrong with Dunzo... I was working on a case study related to the same... Would certainly help me a lot

What went wrong with Dunzo?

Product Manager

Airtel deleted their reply after this :D

Senior software engineer

ShareChat’s 62% increase in revenue for FY23, at Rs 540 crore. However, its losses widened 38% to Rs 4,064 crore

Sharechat 3rd layoff

The Startup that you had an offer from but did not join, and then it went big? (Let's take a word from VCs, how they like to use anti portfolio lists on their sites - cos they got an opportunity to enter but missed)

What's your anti-startup

Growth Manager

BharatPe has sacked CEO Suhail Sameer amidst a leadership overhaul on the back of a 3X surge in losses to INR 5,000cr in FY22

Exclusive: BharatPe Sacked CEO Suhail Sameer For Non Performance After INR 5K Cr Loss In FY22

BharatPe posts 5000cr loss 😳

- Overall, Indian eComm is now $120Bn in size 
- Continues to be Amazon's fastest growing foreign market going into the closing of this year. 
- FY23 was an impact of Covid baked in growth. 
- Amazon would be quite okay with losing just $900Mn annually for the opportunity this presents

Amazon India's estd P&L: $21.3Bn in GMV, $5.6Bn in revenue (15% B2C take rate), $0.9Bn annual losses

https://www.google.com/amp/s/m.economictimes.com/tech/technology/flipkart-india-logs-9-revenue-growth-at-rs-55823-crore-losses-widen-by-42/amp_articleshow/104644333.cms

Flipkart losses widen by 42% to Rs 4,845.7 crore. Total loss of Flipkart  since inception now amounts to Rs. 12,600 crore. And we are talking about  the flag bearer of India's success story 's performance in 16th year since its inception

The nearly $13 billion Private Investment Partners 15 fund marked down AI-powered email company Superhuman by 45% and cut its valuation for privacy search engine platform DuckDuckGo by 72%.

Tiger Global’s biggest venture fund has 18% loss after markdowns

Tiger Global posts 18% loss after markdowns

Analyst

Welcome to Software Engineers's Private Community

There is rumours that in upcoming week , there is mass layoff at pharmEasy .

Is pharmEasy is doing more layoff.

Dukaan turned profitable

Jio paid almost 5000 Cr for digital streaming rights of IPL - I wonder if they actually make actual money from any of this, or is the whole thing just written off as a marketing spend?

IPL unsuprisingly makes bulk of its revenue from broadcasting rights

Growth and strategy

Welcome to Office Gossip's Private Community

Ask me anything about WhitehatJr(byjus acquired)

Business Development Manager

Declared for the states: We’ll pay employees during the full notification period (minimum 60 days).
We’ll also offer a severance package starting at 16 weeks salary plus two weeks for every additional year at Google, and accelerate at least 16 weeks of GSU vesting.

We’ll pay 2022 bonuses and remaining vacation time. 
We’ll be offering 6 months of healthcare, job placement services, and immigration support for those affected. 

Outside the US, we’ll support employees in line with local practices.

What are they even spending on 😭

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