Back

Jaswanth Jegan

Founder-Hexpertify.c... • 9m

“Best Startup To biggest Failure” Billions to Bankruptcy #8 Byjus was founded by Byju Raveendran in 2011 they gained popularity due to engaging video lessons which made complex subjects easier to understand.Byjus acquired many high profile brands like TutorVista, Edurite,WhiteHat Jr,Aakash to enhance its offerings. Covid-19 accelerated the adoption of online education, leading to a surge in demand in Byju's products.Byju's emerged as the market leader and was valued over $16 billion making it one of the world's most valuable edtech firms. Byjus aggressive expansion and acquisitions led to significant financial strain they faced cashflow issues due to high burn rate led to mounting debts.Rising complaints due to their sales tactics damaged reputation.The shift back to classroom learning post-pandemic reduced the demand for Byjus Byju's laid off many of their employees and facing multiple legal battles with lenders who initiated bankruptcy proceedings against its US assets.

15 replies13 likes
2
Replies (15)

More like this

Recommendations from Medial

Yash Barnwal

Building JalSeva • 5m

From EdTech giant to bankruptcy proceedings – the rise and fall of BYJU'S. Once valued at $22 billion, the company now faces insolvency after a series of acquisitions, debt defaults, and investigations.

0 replies3 likes
Image Description
Image Description

Havish Gupta

Figuring Out • 1y

The only reason that led to Byju's Failure. Aditya also got offered 1.4 crore to take down this video (he said in a podcast).

3 replies13 likes
Image Description
Image Description

Vaibhav Babruwan Shingde

Student • 1y

Hello Everyone 🖐️, Now Court has Freezed assets of Byju's due to missing of $533 M . What do you think guys, What will happen with Byju's because as a entrepreneur you will feel 😢.? Let's Discuss 🙂

3 replies7 likes
Image Description

Vivek kumar

On medial • 1m

Delhi LG VK Saxena is said to have told Atishi that AAP lost due to a “curse by Yamuna Maiya,” saying the Kejriwal-led government ignored public concerns

3 replies6 likes
Image Description
Image Description

Jaswanth Jegan

Founder-Hexpertify.c... • 10m

"Apple was 90 Days away from Bankruptcy" Bankruptcy to Billions #5 Steve Jobs Returns To Save Apple Steve Jobs was fired from Apple in 1985 due to a power struggle with CEO John Sculley.The board of directors sided with Sculley,Fired Jobs of his ma

See More
13 replies23 likes
1
Image Description
Image Description

mg

News & updates • 17d

Elon Musk-led Starlink may target niche customers in India due to its pricing, which is significantly higher than the services provided by Bharti Airtel and Reliance Jio.

5 replies15 likes
2
Image Description
Image Description

Havish Gupta

Figuring Out • 6m

Well, this 18-year-old guy went to Shark Tank to raise funds for his EdTech startup. His startup, OLL, had achieved an annual run rate of about ₹3.36 crore and has also made ₹28 lakhs in real PROFITS! Vineeta asked him what he would do if he receiv

See More
27 replies32 likes
4
Image Description

Aravind Saji

 • 

IIITKottayam • 2m

From a $750M valuation to unpaid salaries and bankruptcy—what went wrong with #Dunzo? Dunzo’s story is a cautionary tale for startups chasing growth at all costs. Once a pioneer in hyperlocal delivery, it lost its way due to aggressive expansion,

See More
1 replies11 likes
1
Image Description

Nawal

Hope , I can Help yo... • 6m

This is bad 🔥 This might be the end of BYJUs A total of 1,887 creditors have filed claims amounting to $1.5 billion against Byju's, with most claims still under review. Notably, Indian tax authorities are seeking $101 million in dues from the tro

See More
1 replies4 likes
Image Description

Rajan Paswan

Honorary Mentions - ... • 10m

What If the USA Filed for Bankruptcy Today? If the United States declared bankruptcy today, the immediate effect would be catastrophic. The value of the U.S. dollar would plummet, triggering a global financial crisis. Banks worldwide would face inso

See More
3 replies5 likes

Download the medial app to read full posts, comements and news.