By when will BYJUs shut down?
Lets bet on estimated date?
Talking product sense with Ridhi
9 min AI interview5 questions
I don’t know. Maybe in 2nd quarter of 2024. It’ll be very sad to see almost 35k people lose their job
Tomorrow 3pm
imo :
- Won't shut down
- Founders will exit
- Just like bharatpe, they'll have a whole new management
Can someone put together a betting board? Tech noob here - but will def love to bet some money on each of the following outcomes:
- founders getting ousted
- getting acquired
- bankrupt and sold for parts
Won’t shut. Founder won’t leave. But there will be a massive down round. And professional ceo would be hired. Investors won’t let it go down.
It’s still a huge business with strong cash flows. And a lot of big investors are heavily invested. Here is what I think will happen-
- There will be more drastic cost cutting measures, focus will move from growth to unit economics and profitability.
- Founders will be forced out, maybe forced to part with equity through secondary sale as well. New experienced management and board would be set up.
- There will a down round around 7-8 Bn, giving the company a much longer runway.
- Expecting IPO in next 3-5 years
Chances are slim too much loss of value for all stakeholders
Situation with Edtech firms.
Any Goss on the financial health of Edtech firms like LEAD, Unacademy? I hear there's one more round of layoffs coming.
Byju's about to close $250 million funding
Just heard that Byjus is about to close $250 million funding. Can someone confirm if this is true?