- Copilot AnswerThis summary was generated by AI from multiple online sources. Find the source links used for this summary under "Based on sources".
Learn more about Bing search results hereThis summary was generated by AI from multiple online sources. Find the source links used for this summary under "Based on sources".
Learn more about Bing search results hereOrganizing and summarizing search results for youByju's, once India's most valuable startup, has faced a sharp reversal in fortunes due to a series of setbacks. These include alleged accounting irregularities, purported mismanagement, and cash-flow problems. The company's valuation has plummeted 95% after investors cut their stakes. Other issues include overambitious acquisitions, increasing losses, piling debts, legal disputes, and a toxic work culture.3 Sources
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What Went Wrong With Byju's, Which Was Once Valued At $22 …
Feb 6, 2024 · In June 2023, tech investor Prosus cut Byju's valuation by 75%, leading to layoffs and allegations of financial mismanagement. Byju's parent company, Think & Learn Pvt Ltd., faced...
Byju's crisis explained: Why edtech firm, once valued …
Feb 3, 2024 · At its peak, Byju's was valued at $22 billion in March 2022, when online education demand was skyrocketing due to the Covid-19 pandemic. However, the company's valuation has fallen to...
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Top 5 reasons for the downfall of Byju’s: From $22 …
Oct 19, 2024 · Byju's ended up getting sued by its creditors for defaulting on loan payments, which also triggered insolvency proceedings. The most prominent legal disputes are between the Board of Control for...
From $22 Billion to Nothing: The Catastrophic Fall of Byju’s
On October 17, 2024, Byju Raveendran, the founder of Byju’s, dropped a bombshell: the company—once valued at an eye-watering $22 billion—is now worth nothing. Byju’s, once …
What went wrong with Byju’s in the last two years? - Inventiva
Dec 23, 2022 · After an 18-month wait, BYJU’S, India’s most valuable unlisted start-up, finally proclaimed its audited results on September 14, 2022. As a result of the delay in declaring its …
The Byju's bust: Decoding the rise and fall of the once most …
Jul 22, 2023 · Prosus NV, Byju’s biggest investor and shareholder, has cut its valuation to $5.1 billion. The ed-tech giant, whose stellar investors included General Atlantic, BlackRock and …
Unravelling The Mystery: Why Is Byjus Failing?
Jul 22, 2023 · But a swift turn of circumstances has left many perplexed, asking, “Why is Byjus failing?” Byju’s startup narrative will be examined in this blog article, along with the elements that contributed to its spectacular ascent and the …
Explained: The rise and fall of Byju’s - The Indian …
Mar 7, 2024 · Despite laying off around 5,000 employees and making massive expenditure cuts over the past year, Byju’s valuation has been in free fall, and the company has defaulted on loans taken from US lenders.
The downfall of Byju's: How the world’s most valuable learning …
Jan 11, 2024 · Byju’s could have filled a gap between India’s uneven school curriculums and the coaching mills to which the country’s anxious teenagers flock for success in grueling pre …
ETtech Explainer: Edtech company Byju’s legal woes take new turn
6 days ago · Glas Trust, which represents a group of US entities that lent $1.2 billion to Byju's, had earlier opposed the settlement deal, arguing that the money being paid to the BCCI …
Byjus: From edtech star to falling giant: What went wrong at …
Jun 29, 2023 · Byju’s set the edtech space in India alight with its meteoric rise and super-high valuations. But that growth was clearly too fast, too soon. Today, the celebrated unicorn is …
India’s Byju’s lost more than $20 billion in valuation — what went ...
Mar 1, 2024 · Byju's, once India's most valuable startup, has seen a sharp reversal in its fortunes after a series of setbacks, including alleged accounting irregularities and purported …
Why is 22-billion-dollar ed-tech company Byju's facing a ... - dailyO
Jun 8, 2023 · The financial troubles of ed-tech company Byju’s do not seem to be ending anytime soon. The company valued at approximately $22 billion is defaulting on its payments to lenders.
The Rise and Downfall of Byju's: From $22 Billion Valuation to ...
Nov 23, 2024 · Ultimately, BYJU'S has almost collapsed, with little hope for recovery. The company’s downfall serves as a cautionary tale about the dangers of prioritizing growth and …
Byju’s fall from $22 billion to $1 billion: A blow-by-blow account
Jan 12, 2024 · BlackRock has yet again cut the value of its holding in Byju's, slashing the implied valuation of the Indian education tech startup to $1 billion from the $22 billion mark set in early …
Byju’s downfall: From being startup star to filing insolvency
Jul 17, 2024 · BENGALURU/MUMBAI (Reuters) -Indian edtech company Byju's was staring at insolvency proceedings on Tuesday following a tribunal order, deepening a crisis that has …
Explainer: How India's Byju's went from startup star to facing ...
Jun 23, 2023 · A plane crash at Toronto Pearson International Airport on Monday led to a response from emergency and police authorities, CTV News reported, citing local police. …
Byju’s effect wanes as edtech startups turn the page
15 hours ago · The rise and fall of Byju’s underlines the industry’s volatility. Prior to the pandemic, edtech had limited funding, with Byju’s as its sole unicorn. However, the Covid-19 boom saw …
Byjus ed raid: Byju’s under fire: our top stories covering ...
Dec 29, 2022 · Edtech major Byju’s has offered to increase the rate of interest on its $1.2 billion term loan B (TLB) as part of renegotiating debt-financing arrangements, said several people …
Top 5 reasons for the downfall of Byju’s: From $22 billion to
Byju's ended up getting sued by its creditors for defaulting on loan payments, which also triggered insolvency proceedings. The most prominent legal disputes are between the Board of Control …
Classic case of a mismanaged company: What led to the downfall …
Feb 23, 2024 · BYJU'S is a classic case of a mismanaged company! A group of four investors of the edtech giant filed an oppression and mismanagement suit against the management of the …
Did not run away, will return to India: Byju Raveendran ... - India …
Oct 18, 2024 · Raveendran admitted that Byju's is in a challenging position, stating, "We are in a position where the business needs to be restructured. The burden of debt is too heavy, and we …
Byju’s: Failing the test - The New Indian Express
Jan 23, 2024 · Allegations of defaulting on huge loans and salaries, accounting malpractices, mis-selling, and a toxic work culture came up, the valuations plummeted, children went back to …
How Great Learning Built A Profitable Future Away From BYJU'S
5 days ago · An incredibly loud whisper is echoing in India’s once-bustling edtech space: BYJU’S came, BYJU’S ruled, and BYJU’S killed. From Aakash to WhiteHat Jr to Great Learning to …