Back

As of October 2024, the ed-tech company Byju's is valued at zero. The company's founder, Byju Raveendran, stated that the company's valuation has plummeted to zero. Explanation Byju's was once valued at $22 billion. The company's valuation dropped due to a number of factors, including the global market crash, regulatory scrutiny, and increasing competition. Byju's founder said that the company's acquisition of more than two dozen businesses to grow into new markets was disastrous. The company was unable to secure new funding after some of its important backers left the board. The company's aggressive expansion strategy, characterized by numerous acquisitions, came under scrutiny. The company faced regulatory scrutiny and increasing competition in the Indian ed-tech sector.