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What Investors Should Learn from the Fall of Edtech Unicorn Byju’s

business.cornell.edu · 1,419 words · saved by 1 readers

This website or its third-party tools process personal data. You can opt out of the sharing of your personal information by clicking on the “Do Not Share My Personal Information” link. Cookie Policy In late February 2024, Indian edtech magnate Byju Raveendran was ousted from his edtech company, Byju’s, in an emergency meeting called by the shareholders. It was the latest domino to fall in a string of calamities for Byju’s, which was once the country’s most valuable startup: The company’s U.S. arm has filed for bankruptcy, Raveendran mortgaged his home to pay the salaries, and in February 2024 a lookout circular was issued against him by India’s draconian money laundering agency, Enforcement Directorate. Many in the education investing community saw the writing on the wall. The Indian education investment market hit peak hubris when Byju’s spent $40 million to sponsor the 2022 FIFA World Cup shortly after raising over $800 million at a $22 billion valuation from the likes of Chan-Zucker

July 1, 2024 What Investors Should Learn from the Fall of Edtech Unicorn Byju’s In late February 2024, Indian edtech magnate Byju Raveendran was ousted from his edtech company, Byju's, in an emergency meeting called by the shareholders. It was the latest domino to fall in a string of calamities for Byju's, which was once the country's most valuable startup : The company's U.S. arm has filed for bankruptcy, Raveendran mortgaged his home to pay the salaries, and in February 2024 a lookout circular was issued against him by India's draconian money laundering agency, Enforcement Directorate . Many

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