[With Proofs] Byjus filing bankruptcy by May 2024
Pending payments Aws: 56 cr Salesforce: 16cr - 48 Cr Term loan B - (9800 cr )1.2 Billion dollars BCCI - 160cr More than 10k pending FnF settlements pending totalling to 78 cr Assets freezed by various vendors - 12 cr 8 months pending PF - 98 cr Pending rent payments of offices: 15.5 Cr Loan defaults and frauds/bad loans: 130cr Other vendor payments/defaults/frauds : 10 cr Companys current valuation: (8300 cr) 1 billion dollars.
Isaiah Nadeen
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9 months ago
Kalan Lee
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Blair Hyrum
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Jordon Gabriel
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Matilda Carmden
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by Anise Gabriel
Series A Startup
Byjuโs valuation reduced from $22Bn to sub $3Bn by Prosus
Investment giant Prosus has written down the valuation of edtech giant Byju's to below $3 billion, marking a steep drop from the $22 billion...
https://trib.al/5q5gZB2
Indian Startups on
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Heartwarming message from ex-Byjus employee to founders.
Feedback letter from employee to Founders, CEO & CTO
https://i.ibb.co/ZLp46Kx/Screenshot-20230623-133028-Gmail.jpg
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Byjus Results -7000-8000+ Crore Revenue and 8500 crore loss
Indian Startups on
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At Byjuโs, a loan crisis and no sign of funding
The edtech giant is stuck with a rising pile of unpaid loans of customers who have cancelled courses even as its founders scour the globe in...
https://themorningcontext.com/internet/at-byjus-a-loan-crisis-and-no-sign-of-funding/