QuirkyBoba
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
29mo ago
Talking product sense with Ridhi
9 min AI interview5 questions
PerkyPancake
BYJU'S29mo
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
SleepyNugget
Amazon31mo
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
WigglyBanana
Stealth31mo
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
PerkyPancake
BYJU'S29mo
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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Curated from across
Indian Startups21mo
by MagicalHamsterInvestment Associate
This is major - Prosus just publically said that BYJU's had improper governance and failed to improve despite their recommendations
"BYJU’S grew considerably since our first investment in 2018, but, over time, its reporting and governance structures did not evolve sufficiently for a company of that scale. Despite repeated efforts from our Director, executive leadersh...
Top comments
Largest shareholder saying this publicly, I wonder if there is any way of recovering from this point
Byjus going down is karma for all the unethical shit they did to kids, parents, employees and critics. I will enjoy e...
This is going to be the most insane goof up. Byjus really did a number on themselves. I wonder if they can recov...
Indian Startups16mo
by WigglyBananaCorporate Strategist
Bangalore25mo
by BouncyMarshmallowProduct Manager
Byjus may shut down
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...