BYJU's? More like BUY-JU's. Overpriced, under-delivered. They're selling dreams, not education. A classic case of profit over pupils.

Robotics Engineer

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ICAI has found gross negligence by embattled edtech major BYJU’S auditors, its president Ranjeet Kumar Agarwal said.

ICAI Found Gross Negligence By BYJU’S Auditors, Recommended Punitive Actions: Ranjeet Kumar Agarwal

What's wrong with BYJU's? Everything.

UX/UI Designer

What's wrong with BYJU's? Everything.- Grapevine

Welcome to Indian Startups's Private Community

The offline coaching industry in India is one of the most profitable and lucrative businesses so why does Edtech giants like Byju's, unacademy fail to replicate the in profitability terms.

Why are Indian Edtech failing?

How is Byju’s doing?

Software Developer

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

What’s happening with byjus?

Apart from unethical sales practices, toxic work culture and mindless accusations, what do you think went wring with Byju’s.

Why do you think Byju’s is falling?

After fooling countless customers, investors, loan partners, byjus employees are now all set to destroy what little is left to Unacademy.
Unacademy is now frantically hiring people from BYJUs across all levels and verticals. With BYJUs employees employment stood on the base of false promises and unethical sales, it is just a matter of time, Unacademy will become the new BYJUs.

With the company’s product first approach and the apprehension towards aggressive selling, it is disheartening to see the new fondness towards BYJUs.

Uncademy the new Victim to BYJU’s

Category Lead

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To all the people who blindly criticize the product, I think product is good. You should look into some videos on how science concepts are explained by Byjus Team on YouTube 

ROI- Cost of Byjus is about Rs 15 a Day, or about Rs 1600 per month..( Rs80,000 course of 5 years)
Education as per UN as the highest ROI compared to any other investment.

Bring up your questions and blind criticism.
Remember if Byjus fails startup ecosystem will break down.

AMA About Byjus

Business Development Manager

Wtf is happening at Byjus?

Analyst

India's most valuable startup has fixed a server-side misconfiguration that exposed the sensitive data of its students.

Byju's exposed sensitive student data, including loan details | TechCrunch

Byjus is just not stopping !

Growth Manager

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.

BYJU's: Wasn't it always gonna happen?

This in addition to all the cricket sponsorship. And then getting Messi as an ambassador.

All of this happened not so long back, and now the company is down to a 1 Billion dollar valuation.

What was the meaning of all of this? How was this allowed to happen.

There needs to be a documentary soon on Byjus.

Watching Captains of the World on Netflix. Just remembered Byju’s was a sponsor for the FIFA World Cup 2022.

Corporate Strategist

Hiring for a bunch of roles for an early stage startup. Salaries of people who have been laid off is through the roof

2-3 years experience asking for 30-40l and while we chose not to judge the experience and spoke to a few of them, most of them are not even worth half of the pay. 

Many are jobless since last 2-3 months and none of them are willing to take a paycut of even 5-6L and are willing to stay jobless ( probably have a ton of savings )

Market correction is necessary.

Roles : PM, software engineers, generalists

What's wrong with salaries

If you are paid less, don’t extrapolate it on others. If they are willing to wait, let them. You should keep praying for “corrections”.

Product Manager

**THIS VIDEO WAS ORIGINALLY SHOT AT TECHSPARKS 2022 IN NOVEMBER**In the fireside chat with Shradha Sharma, Byju Raveendran and Divya Gokulnath had no hesitat...

[EXCLUSIVE] BYJU's Founder on Layoff, Social Media Backlash & Future of the Company

Byju 4 months back: Byjus going down? No chance 🤡

Ask me anything about Byjus

Engineering Manager

Byju’s

Consultant

Most of us are curious of how decisions are made in major VC funds, as these funds are private and only share this information with their Limited Partners (LPs).

For the unknown, there are VC funds known as Corporate Venture Capital funds, which are the venture arms of corporate firms; they are required to disclose the performance of their CVC funds to the general public.

Prosus, one of the largest funds in this category, has just released its 2024 Annual Report, so thought it would be helpful to share the key takeaways with you all. So, here we go:

1/ Swiggy: On the Launchpad
Swiggy continues to impress with a 26% surge in its gross order value and a robust user base that's grown to 104 million. The food delivery giant isn't just expanding—it's preparing to soar with a confidential IPO filing. Swiggy's blend of core deliveries and quick-commerce ventures positions it as a frontrunner in the food-tech race.

2/ Byju's: A Reality Check
The tides have turned for Byju’s, once a darling of the edtech world, now facing a stark reality with a $493 million valuation write-down by Prosus. This significant markdown is a wake-up call to the high-flying valuations in the edtech sector, spotlighting the need for sustainable financial health over speculative growth.

3/ PayU: Quietly Confident
While specific updates on PayU were sparse, its role in Prosus’s fintech ambitions remains pivotal. PayU continues to weave through Prosus's strategy, likely focusing on enlarging its digital payment solutions and tapping into burgeoning financial service opportunities in emerging markets.

4/ PharmEasy: Unsung Potential
PharmEasy's story remains under the radar in this year’s dispatch. However, as a component of Prosus's health tech ventures, it’s poised to play a crucial role in expanding accessible digital healthcare solutions, streamlining services from prescriptions to doorstep delivery.

The Bigger Picture? Prosus's strategy paints a vivid portrait of India's evolving startup ecosystem. It's no longer just about rapid growth and sky-high valuations. The game has changed:

1/ Sustainability is king: Byju's fall from grace is a stark reminder that financial health trumps speculative growth.
2/ IPO readiness matters: Swiggy's preparations show the market's appetite for well-prepared tech giants.
3/ Quiet expansion: PayU and PharmEasy's low-key presence suggests strategic focus on steady growth over flashy headlines.
4/ Diversification is key: Prosus's varied portfolio highlights the importance of spreading bets across sectors.

Checkout their annual report at https://www.prosus.com/~/media/Files/P/Prosus-CORP/AR2024/1latestfinancialresults/04annualreport/fy2024annualreport.pdf - happy reading!

Would you like more breakdowns of such reports and documents? Let us know in comments below 👇🏽

What's wrong with BYJU's? Everything.

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