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
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.
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
So again Unacademy has asked people to leave, and asked them to resign.
Leadership is so clueless about what they are doing, they fired 3-4 people whom they had hired a month ago. Imagine the situation 😂
And I don't see this stopping ...
Apart from unethical sales practices, toxic work culture and mindless accusations, what do you think went wring with Byju’s.