Byjus Valuation Sliced By 99% - Rasing a 200 million $ through rights issue at 250 million dollars

what a fall from 22$ Billion to just 0.25$ Billion..must be depressing for folks who trade lot of Fix component for Esops

A few more days and any of us might buy it off by breaking one FD.

Valuation game has become a dick measuring contest among startup founders & VCs... Hope this results in course correction

Who is the genius who invested ?

Byju has fallen because of shady model. A lot of poor people were given course under shady T&C loan. Along with poor practices in hiring teachers, employee issues with work pressure, salary issues. Financial Audit issues and other issues. Along with that filing cases against critics, harassing them, removing all dissent.

They had huge army to report any critic, ban their accounts and what not. Even after all this was public, VC kept investing.

Byju deserved this valuation. It got what it deserved.