Byju's founder Byju Raveendran says his edtech startup, valued at $22B in 2022, is effectively “worth zero”, and that he made mistakes and mistimed the market
Byju Raveendran, the founder of the embattled edtech group Byju's, acknowledged on Thursday afternoon that he made mistakes …
TechCrunch Manish Singh
Related Coverage
- ‘Worth zero’: Founder of India's once biggest startup Byju's concedes mistakes The Indian Express
- Byju Raveendran eyes new edtech venture after collapse of Byju's: Report Business Today
- CEO Says Byju's Valued At Zero, Social Media Slams Founder Raveendran For Laying Blame On Everyone Else Benzinga · Ananthu C UBenzinga
- Byju Raveendran hits back, says investors ran away when times got tough Moneycontrol · Naina Sood
- Did not run away to Dubai, will come to India and fill stadiums: Byju Raveendran CNBC-TV18
- Byju's $22b valuation ‘worth zero’ amid governance crisis Tech in Asia · Grace Priscilla Teo
- A Startup Once Valued at $22 Billion is Now Worth Nothing Slashdot · Msmash
Discussion
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@sahaprd
Pradip
on x
Remember the name. This man built a house of cards, destroyed billions of dollars in shareholders money, hired and then fired nearly 50000 people, and pushed hundreds of thousands of people into debt traps.
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@refsrc
Manish Singh
on x
“Byju's is worth zero today,” - founder Byju Raveendran in a press conference. [image]
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@refsrc
Manish Singh
on x
Some investors — including Prosus — have not invested anything in 4-5 years - Byju Raveendran Many “ran away” after the bad spell started - Raveendran
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@mxtaverse
@mxtaverse
on x
The curses of poor parents who got scammed and the employees who got hired-and-fired finally caught up to his company.
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@vijayt1609
Vijay Thirumalai
on x
There is this Shahrukh movie (forgot which one it is) where the Trucking company owner says, company may lose but the “Promoter” never loses Suckers are those teachers whose pension funds were LPs in the VC Atleast Vijay Mallya tried his had in a difficult industry (the
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@refsrc
Manish Singh
on x
Three investors leaving the board together made new fundraise impossible and is why we're here - Byju's founder Byju Raveendran Mandate of some investors was to expand to 40 markets, Raveendran on Byju's aggressive expansion in 2020-21 [image]
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@xphyxer1
@xphyxer1
on x
this soothes my soul not even gonna lie , fuck Indian edtechs and everything that they stand for they along with the coaching mafia and the gov are responsible for the 1000's of student suicides that happen every year in this country
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@malpani
Dr Aniruddha Malpani
on x
The fact that #WhiteHatJr and #Byju sued me for defamation and got me kicked out of #LinkedIn is my badge of Honour [image]
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@4eo
Leo
on x
A tablet selling, loan app company packaged as edtech scammed investors, employees and destroyed many families while founder family enjoying safely with millions abroad. Zero repercussions for scamsters in this country.
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r/IndiaTech
r
on reddit
Byju's founder says his edtech startup, once worth $22B, is now ‘worth zero’
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r/india
r
on reddit
‘At the first sign of trouble...’: Byju Raveendran blames investors for the edtech icon's meltdown, throwing him under the bus