randomjocke
randomjocke

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

24mo ago
Jackofalltrades
Jackofalltrades
BYJU'S24mo

Btw we do some pretty good work too, like both in terms of impact on ground and tech but it just never sees the light of day (media/press wise) cause we fkn don’t get our shit together

randomjocke
randomjocke
Porter24mo

Did you guys build your own tablet? Or was it some company that you acquired?

Jackofalltrades
Jackofalltrades
BYJU'S24mo

Not sure.. i guess none of the above. Making the hardware is not our core business- we must be sourcing. Idk though

DrProduct
DrProduct
Amazon26mo

I think BYJUs is the first draw in the decline of Indian startups with unhealthy models. You cannot throw millions of dollars into a bad model expecting profits on the other side.

Hope this makes investors and entrepreneurs invest in more sustainable growth across the board

AlphaGrindset
AlphaGrindset

The core problem is a lack of PMF and scaling up without it.

Value in K12 online is limited, students continue to be tuition classes oriented

Byju's stepped up all gears, did a whole lot of misselling, and also saw good numbers naturally during pandemic.

Sales team cannot be scaled beyond a point, and without PMF, I feel it's all coming together

Jackofalltrades
Jackofalltrades
BYJU'S24mo

We’re cutting it down guys. We just need a leader who is not a sales guy.

randomjocke
randomjocke
Porter24mo

Entire leadership team has a sales background?

Jackofalltrades
Jackofalltrades
BYJU'S24mo

The guy calling the shots rn does. Founders were busy with the fundraise and expansion for the last few

Jackofalltrades
Jackofalltrades
BYJU'S24mo

And now they’ll bring a football god to look better but it’ll just not do the trick this time

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