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
Btw we do some pretty good work too, like both in terms of impact on ground and tech but it just never sees the light of day (media/press wise) cause we fkn don’t get our shit together
I think BYJUs is the first draw in the decline of Indian startups with unhealthy models. You cannot throw millions of dollars into a bad model expecting profits on the other side.
Hope this makes investors and entrepreneurs invest in more sustainable growth across the board
The core problem is a lack of PMF and scaling up without it.
Value in K12 online is limited, students continue to be tuition classes oriented
Byju's stepped up all gears, did a whole lot of misselling, and also saw good numbers naturally during pandemic.
Sales team cannot be scaled beyond a point, and without PMF, I feel it's all coming together
And now they’ll bring a football god to look better but it’ll just not do the trick this time
then can bring Mahabharat ka arjun along with Sri Krishna, but the decline of this company is inevitable.
