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Context is everything.
Detailed stories on technology startups, business and economic current affairs.
Detailed stories on technology startups, business and economic current affairs.
Venture capital investors hyped up Byju’s, declared it gold and made millions of dollars. When the hubris surfaced, they washed their hands of it and walked away scot-free.
Byju’s, for all practical purposes, is done and dusted.
On 17 October, founder Byju Raveendran held a virtual press conference from his Dubai home with a select group of journalists, in which he admitted, for the first time, that the company he started nearly 15 years ago, and which had soared to a valuation of $22 billion just over two years ago, is now “worth zero”.
Let that sink in. Fifteen years. More than $5 billion in venture capital. Gone down the drain. In two years.
This wasn’t just a defining moment for the company, it also marked a pivotal …
The UAE-based school operator is making a move into Saudi Arabia as it enters its biggest expansion phase yet.
The investment signals a shift from structured learning to bite-sized, bingeable learning that mixes entertainment with education. But can it deliver real-world skills?
Aggressive accounting, failed acquisitions and soaring customer acquisition costs lurk beneath India’s first edtech IPO.
