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| Name | Byju's scam: The Rise and Fall of an Ed-Tech Giant | Tamil Threads | #Byjus |
| Video Uploader | Video From Tamil Threads |
| Upload Date | This Video Uploaded At 14-03-2024 06:30:36 |
| Video Discription | Check out our latest video on the rise and fall of Byju's, the ed-tech startup that was once hailed as a beacon of educational innovation, reaching a valuation of $22 billion by 2022. 🔍 *Unveiling Byju's Journey* From its humble beginnings as a CAT exam preparation aid, Byju's, founded by engineer Byju Raveendran from Kerala, quickly became a symbol of educational transformation. By 2011, it had transformed into Think and Learn Private Limited, and with the launch of its interactive learning app, Byju's became India's premier ed-tech unicorn. 💰 *Financial Distress* However, the tides have turned, and Byju's now faces severe financial distress, struggling to pay its employees' salaries. Despite its billionaire founder's efforts, the company's valuation plummeted, sparking questions about its future. 📉 *The Downfall* In June 2023, Dutch-listed investor Prosus NV slashed Byju's valuation by more than 75% from its 2022 peak. Reports of financial mismanagement, aggressive marketing, and administrative challenges emerged, tarnishing the company's once stellar reputation. ❌ *Auditors' Exit* To add to the turmoil, Byju's auditor, Deloitte, distanced itself from the company, citing concerns over financial stability. The company's default on loan payments and significant loss in just a year have cast a shadow over its future. Join us as we unravel the story behind Byju's meteoric rise and its subsequent downfall, exploring the lessons that can be learned from this ed-tech giant's journey. #ByjusDownfall #ByjuRaveendran #Edtech #Startup |
| Category | News & Politics |
| Tags | - - - - - - - - - - -- - - -- - - - | Employee salaries | Workforce reduction | Loan default | Financial audit | Deloitte | Aggressive marketing tactics | Byju's financial mismanagement | Byju's missteps | Ed-tech unicorn | Interactive learning app | Think and Learn Private Limited | Byju's financial fiasco- Prosus NV | Byju's downfall | Financial distress | Unicorn- Valuation | Education innovation | Startup | Byju's- Ed-tech | Byju Raveendran | Tamil | Tamil Threads |
