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What will happen to BYJUs/Sharechat type companies?

Will these cash burning companies just continue raising money and biding time or will they implode soon? Not well informed on this, genuinely want to know how this works And what happens to their 1000s of employees

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Vance

Stealth

2 years ago

Smart employees can figure out the start of the endgame and jump ships early. Some unlucky folks stay back thinking good times will return but they never do. Similar story at Housing, old Snapdeal when it used to be big, Foodpanda, Bounce, etc
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AlphaGrindset

Series A Startup

2 years ago

They’re both in danger Sharechat might be because of burn and inability to monetize as rapidly Its Byjus thats the real concerns. Lack of PMF and super strange capital raising tactics at horrendous valuations Lets see which one we hear of first
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JJproduct

Startup

2 years ago

BYJUs is much better placed than lots of start ups - growing in US, Europe and LATM via OSMO & Tinker - strong business in Aakash, Grade Up and great learning (will be cashflow positive in next 2-3 months) - core business is not cash flow positive but will be EBIT positive by next quarter - investor see edtech as an industry that will stay and BYJUs as a strong player in it. Hence are in talks for a 500 M round that will be big in this time
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StartupBaba

Stealth

2 years ago

OSMO and Tinker are both not growing and the US Engineering Team has been fired and they have moved everything to India . Gradeup is not growing as far as I know and founders have been fired . Really bad situation at Byjus and people don't even know whether they will get next month's salary
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Curated from across

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Indian Startups on

by CaptainPlanet

Stealth

By when will BYJUs shut down?

Lets bet on estimated date?

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Indian Startups on

by SatoshiMakamoto

Stealth

Thoughts on Sharechat

Are they dying a slow death? Is it going to create any value in the long term or just founders make some money via secondaries and chill in life

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Indian Startups on

by Bebo

Stealth

Sharechat status

What is the current state of sharechat ? Last i heard, they were not doing well

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News Discussion on

by RectangleBro

Quizizz

What guarantee that Byju’s survives end of the year?

Link to article - https://techcrunch.com/2024/01/11/blackrock-cuts-byjus-valuation-by-95-to-1-billion/

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Layoffs on

by MrRobot1992

Early Stage Startup

Swiggy possible layoffs

This may sound like a dumb question, but why do these companies fire just before the IPO? isn't an IPO a good thing? More cashflow. Shouldn't they be taking care of their employees who made it reach there? What exactly is the thought process behind this mass layoff before IPO?

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News Discussion on

by randomjocke

Porter

What’s happening with byjus?

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

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Indian Startups on

by Ashneer

CricPe

How bad are things in Sharechat?

lot of negative rumours- founders quitting, monetization efforts not panning out, mass layoffs. What does the future look like?