Byju's: A Billion Dollar Loss | Prosus Writes Off Entire Investment in BYJU's | N18V | CNBC TV18

Tech investor Prosus marked down the value of its shareholding in the beleaguered edtech BYJU’s to zero and wrote off its entire 9.6% stake in the company, the investor said on June 24.
“We impaired BYJU’S down to zero at the end of FY24…The fair value written down was $498 million for FY24,” Prosus said.
Byju’s fall from being India’s most valuable startup at $22 bn to seeing its valuation cut by 95% to barely $1 bn in under two years: Here’s the story of how it all unravelled for the once celebrated decacorn.
#byjus #startup #byjuraveendran #unicorn #cnbctv18
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[@sunithaacharya4340]

Scoring 100 percentile in CAT doesn't mean you are good at business modelling. Byju Raveendran is a classic case of pride going before a fall. Faster the rise , greater the fall.

[@LateralThinking94]

Really feel bad not for byjus but for the poor parents who got trapped by the marketing persons and spent huge sums of money on courses which they couldn't afford and ended up in huge debts.

[@DN-rt7tl]

Went to his class in Bangalore once when he was just starting out…he came,he talked,he left.It was clear even back then he knows only the language of greed and money.Why he had a following even back then was incomprehensible to me !

[@chandra_himanshu]

Toxic work culture and scaring parents to feed on their fear... is not aggressive selling.

[@soumitraburman]

this company must be shut down , they are responsible for the tears of many poor parents who have a dream of engineer in their family ... shame shame byjus.

[@jaganat3333]

..always wonered if the 100% is true.....if he did he shd have joined a b school which would have told him how to run business

[@sanjeevsharma9998]

He took risk and created great business model. It is still an unicorn. Every business has risk. I am sure he will learn and bounce back.

[@hrnair66]

What went wrong, maybe lack of corporate governance exposure by top management or maybe inorganic growth stimulated by startup fund which has huge return expectations

[@And_Cuts]

wait till it's aquired by Adani Ambani or Tata

[@rancho21041991]

Neither Adani, nor Ambani are stupid enough to go even close to buying Byjus

[@karthikg971]

Karma hits back, Over Greediness of money has destroyed Byju

[@sanujitroy6830]

how many joined byjus earning on the background since start of pandemic misusing work from home concept and part of corporatr earning salary as a backup which is moonlight

[@ganeshr4371]

he should have sold the business and bought mcdonalds shares instead...once you become rich behave like warren buffet...just invest in stock market...

[@aaradhaya21]

Buisneess depends on luck fr

[@null6586]

Maybe i mean it depends which sector you are in! This E-learning sector peaked during 2019-2021 era only

[@aaradhaya21]

@@null6586 oh really I study in physics wallah We have got 3 branches in a distance of just 1km in 2 years

[@Lonelyplanet3]

Presenter is facing the wrong camera.

[@aman6211]

Byjus is a scam

[@RaushanKumar-ms1pq]

Fraud copany

[@dheemz]

Surely you don’t have talent to build a 10 rupee company

[@devenderbishnoi2268]

Fraud company

[@kachosa]

Another fraud sponsorer of the Indian cricket team

[@user-lg2et5ov9n]

Chor