Link to article - https://techcrunch.com/2024/01/11/blackrock-cuts-byjus-valuation-by-95-to-1-billion/
Still overvalued by about $1000M
Death of companies are always sudden. Slow decay is seen before in the form of employee upheaval.
Byjus has now survived for almost 2 yrs.
With deep sadness i have come to accept that byjus is here to stay. It is just a matter of time before they find a bigger fool willing to invest. Or maybe the promoter himself will invest some of profits earned before.
Correct Rivu
Sad state of Indian Edtech. Next would be Unacademy.
First unicorn of 2024 ?
For details just reply to this email. I will email an excel sheet of all of your failures 😂Lmao, that was🔥
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).
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