DingDong
Another Byjus in Making
Indian VC's will never learn. With losses mounting to INR 3000 Crores, this is another debacle in making.
7mo ago
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Indian VC's will never learn. With losses mounting to INR 3000 Crores, this is another debacle in making.
TigerGlobal is not an indian vc 🙈, and its a debacle for who exactly?
Except the fact that they're not leeching out naive parents and selling them iit 10cr package deals
Ecommerce isn’t easy out here. Look at amazon and flipkart. They haven’t turned profit in years. It is a long term bet. It may pay off eventually.
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
If founders care more about customer then they don't have to bow infront of VCs.
Customer Obsession >> Funding Obsession
30% of engineers will be gone. 50% of higher managenment will be gone. List contains a total of 80 devs/managers/directors/Vp/CTO from Tech team, reducing the Tech Team size to merely 130.
How does byjus justify their valuation, when th...
