Revenue isn't really a metric to judge, they could be losing 2x than what they sold, don't believe the media narrative till the P&L numbers are out
What's surprising is:
Could be true. All their acquisitions should be bringing in money as well.
Yes, they've had bad acquisitions, and the big losses were accounting those acquisitions as well.
The fraud is that even after 10 months since fy23 ended, they haven’t been able to publish their results. For context, listed companies need to publish the result of their previous quarter with in 60-75 days of the quarter end. And then they do selective leaks which paid media picks up and publishes. What’s the point of talking about revenue without corresponding loss Byjus is 10x worse than Ashneer chor and I can’t wait for the day when he is behind the bars
Isn't this an year old news? FY23 news in FY24 end??
This year will be 1/10 of these numbers
First, they had a layoff. Lot of good people quit including great people Then, they had a second lay off Some great people in the leadership quit. Middle management people are quitting every day. Only engineers and other people who are...
Sounds like it's all over
Most of us are curious of how decisions are made in major VC funds, as these funds are private and only share this information with their Limited Partners (LPs).
For the unknown, there are VC funds known as Corporate Venture Capital f...