The Fall of Byju’s | Why Indian Startups are Struggling | Between the Lines with Palki Sharma

The Fall of Byju’s | Why Indian Startups are Struggling | Between the Lines with Palki Sharma
Byju’s was once the poster boy of the India’s unicorn club. But its staggering unravelling has stunned India’s startup economy. Are Indian starups overvalued? Is the startup bubble bursting? Palki Sharma tells you on this episode of Between the Lines.
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Byjus | India | Byju | Byju Raveendran | Startups | Indian Startups | Firstpost | World News | Latest News | Global News | International News
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[@Firstpost]

Do you think Indian startups are overvalued? Comment below and tell us.

[@archer7217]

Not Over valued but Over hyped. Byju started his journey by selling lies, forced parents to enrol with shitty promises. All the malpractices Byju did was overlooked by the judicial and political systems. He even tried to buy sympathy but got rejected. His intentions were no good. On the other hand just look at others who are running schools with a bit integrity, like Anand Kumar or Khan Sir they don't need any Wolf Gupta to go international.

[@impuredeath2]

YES!

[@kamalsrawat]

Yes

[@rolex10116]

One day for physics wallah 101 unicorn mam please

[@Rajesh-kw2gs]

Not all the startups are over valued. But somebody's greediness makes it very worse.

[@sanjaybhavsar4169]

BYJU's is one of the most disliked brands among the general public.

[@shishirsks]

Its simply a fraud machinary. They have misguided multitudes of parents and students. Disception only works for short time.

[@aj.sh0108]

You forgot #Dream11 ?? It is most disliked brand

[@SumitYadav-ik2df]

@@aj.sh0108 dream11 isn't in your face all the time whereas among the young people byju is everywhere and its in the place of education. You can't ignore it. Whereas dream11 can be ignored because it's a betting company...not an essential field

[@ankitsc99]

Agreed

[@harekrishna7837]

byjus ads were cringe and stupid ,,and most importantly,, totally annoying!!,they deserve it

[@isshiomi6364]

Byju deserves it...Some of their business practices were not ethical ...

[@varunshivan9569]

"Not ethical", you should say straight up "criminal practices".

[@hs6736]

​@@varunshivan9569also... Only some of them were ethical/legal

[@cut-a-lyst]

*Most False advertising, employee exploitation, average course content, luring parents to buy courses with false premises and indulging fear in them...

[@user-ob7jp1kz2o]

Remember 'Wolf Gupta' of WhiteHat Junior? BYJUs owned WHJ. @Varunshivan9569 rightly says that their practices were criminal, not just unethical.

[@Hero007ization]

I agree. They need a reset !

[@Donaldsmith109]

With markets tumbling, inflation soaring, the Fed imposing large interest-rate hike, while treasury yields are rising rapidly-which means more red ink for portfolios this quarter. How can I profit from the current volatile market, I'm still at a crossroads deciding if to liquidate my $125k bond/stocck portfolio

[@gracegomez109]

The market is volatile at this time, hence i will suggest you get yourself a financial-advisor that can provide you with entry and exit points on the shares/ETF you focus on.

[@Judithmoy109]

very true, I started investing before the pandemic and that same year I pulled a profit of about $600k with no prior investing experience, basically all I was doing was seeking guidance from a financial-advisorr, you can be passively involved with the aid of a professional.

[@Lettogle109]

@@Judithmoy109 wow ,that’s stirring! Do you mind connecting me to your advisor please. I desperately need one to diversified my portfolio.

[@Judithmoy109]

Gretchen Marie Hostetter That's my licensed Financial advisor you can easily look her up, Thank me later!

[@Lettogle109]

Thanks, I merely looked her up on Google and was highly impressed by her credentials; I got in touch with her because I need all the help I can get. I just set up a phone call.

[@shrisanidhya]

I think the fall is more because of the leadership and the aggressive business model they've chosen to follow in an industry whose bedrock is honesty and service.

[@rangarajan9080]

'honesty and service' Is it not amusing in Indian Corporates?

[@ogs3721]

Karma is real. Byju’s deserve this. The way they treated the employees and parents were inhumane.

[@Keralaforum]

Byju's was extracting money from innocent families beyond any business ethics! It was looting ...Why the Government allowed this cheat is a mystery!

[@applebanana9949]

Well said

[@snehasishdutta1912]

@@yangleezhao531 yes we are proud of it, atleast not a theif like you who only stole ideas and make cheap copies😂

[@lifeisawesome6296]

@@yangleezhao531bot

[@Mother_vibe]

It really a good app For sec level school students. So many students learnt from it# freely. It's better than akash & Allen.... Those Institutions only for upper class... Not for below poverty line people. Major demerits They forgot to teach the kids based on entrance point of view.

[@rai004]

As someone who has been scammed by Byju's. I don't feel sad at all, it's like I got my long awaited justice.

[@Himanshu.Harleyx440]

😂😂

[@aevedhya]

what goes around comes around

[@TheMegaTushar]

Can u plz explain, wanna know more abt what people think abt this company,. All i saw were tv ads abt this co.

[@kanedateng7604]

​@@TheMegaTusharBro, this is a startup that scams people in the name of home education(where people can study at home). But things have gone many people start complaining about bad teachers, refund issues(not getting money back), and why the law didn't interfere at the right time because the law of India is the biggest piece of shit.

[@anik5579]

Years ago, byju's executive called me to sell a course. I replied that i dont have a kid as i am not married. The executive suggested me to get married asap as i am already old. 😂😂 though it was super funny but i was shocked that time. Never expected such reply.

[@geneliariteish8905]

The biggest issue with Byju's crisis was missed: Byju's was eyeing on the loan payments by parents, but the accounting firm did not consider them as revenue.

[@user-uq6ic8pw8x]

I would say they are run by 3rd class ppl

[@mg9854]

@@yangleezhao531 lol...ok! Just go in the streets of any country in the world (except the covid 19 spreader China) and ask them what do u think of Chinese products! I'm cent percent sure you'd be more proud...So proud that u wud desperately need a placard saying "hug a chinese" but I guess this time people won't listen oof!🤣

[@modestmanny7641]

Nopes, in fact parents took a loan from a 3rd party, not directly from Byjus. If you look carefully, when they sell a course on installment, Byjus help them take a loan from Bank or NBFC, not from Byjus itself. So they recieve payment upfront, and there are hundreds of cases where recovery agents are harassing parents for recovering loan money.

[@dvl005]

​@@yangleezhao531 dont tell me they are free to do whatever like alibaba 😂

[@pandurangarao6026]

Majority of the startups are run by Kids, these days.

[@sunitjoshi3573]

BYJU grew in strength but shrunk in people relationships….the lifeline of any customer focused company. So this was bound to happen. Soln - Remove the hounding sales mgrs., get back to developing customer relationships , show/advertise customer success as company’s success, and make it a core value.

[@TomTom-yw4pm]

Learning app itself is killing machine.

[@pratikskamble]

Now its too late,... People already lost faith!!!

[@anku_dreams_photography]

I think Indian startups are spending much more on Marketing than continuous R&D or even properly analyzing the market at a long-term basis rather than a short time hype.

[@wronyt24]

Indian consumers need more R&D, startups are just taking advantage of them!

[@cut-a-lyst]

I am not aware of a single unicorn in India that have a unique usecase that is exclusive to them.

[@Himanshu.Harleyx440]

True

[@mandeepchandel8793]

Right, but with some aggressive marketing like false information but some errors in product, regular technical inconsistency.

[@HARSH-rg9xv]

@@ahisheks2776 exactly

[@--Anurag--]

The whole reason for creating a startup in India right now is to get rich quick yesterday and sell the company not caring if the business model is sustainable in the longer term.

[@rjay3727]

VCs also want to invest in high scale innovative startups where they can get maximum capital gains and exit

[@flaminmongrel6955]

because startups in India do not last

[@nishantshade668]

@@flaminmongrel6955 it's the same for everywhere, not specific for India

[@saum]

India's 75th Amrut Mahotsav - swindling at the max - Adharm Is desh se hi charm pe pahochega.

[@nishantshade668]

@@yangleezhao531 atleast those CEO's are alive and doing well for the world unlike Chinese ones who literally vanish when the moment they speak anything against their masters 😂😂😂😂

[@AJ-it4pt]

As usual Palki delivers to the point, well researched news, Byju was bound to fail using movie stars and sports stars who charge billions and have nothing to do with education to sell your core product on education 😂

[@prasadreddy9754]

@@yangleezhao531 seems like u spent a while pasting the same comment multiple times 🤣🤣 be there under their dictatorship shoes like a cockroach you eat😆

[@Anonymas880]

​@@yangleezhao531paxtan bot spotted 😂😂,, 😢😢

[@prameelasingu4633]

They believed selling a product with false promises is more important rather than handling the career of the students

[@talk844]

I love palki

[@pandurangarao6026]

Nothing special. She always focuses on negative news. I don't think she says reports anything positive.

[@cryptoevo6040]

Byju's sponsoring the Indian Cricket team itself should have been the red flag for the investors... but they kept pouring. This is common for all start-ups across the world, not just India

[@amardeep-bk4kw]

I think zerodha and zoho are the best examples to lookup for how the thought process of start-ups should be

[@mavericksr3530]

Agreed. Especially Zerodha.

[@darshank7501]

Well Said

[@sridharansuryam9524]

​@@mavericksr3530❤❤❤❤ereer❤ww❤ww❤ww❤❤❤wo

[@vasubhaifernswala2486]

Totally agree

[@teenovisionmotivation9368]

But is zerodha profitable

[@priyashmukherjee3015]

*BYJU DESERVES IT*

[@Akampan]

issue is not one but many are failing in india and at global level. Start ups are not getting level playing ground and big companies are playing shark for their legacy survival.

[@luisfernando5998]

Byeju 👋

[@rahulkumarsahu3110]

​@@Akampanbyjus is the biggest shark in edtech sector..... malpractice will lead you nowhere

[@vhrui904]

Foreign investors are pulling out from China and invest in india...😂😂😂😂😂 it is only a Dream.. Pathetic Hungerindex107😂😂😂😂😂

[@megha8783]

@@vhrui904ok chinesee botss😂😂

[@i_m_ankit24]

The content of byju's is great but the pricing is very high. so maximum number of indian population can't afford it.

[@WatermelonSugar1209]

There were so many stories of Byju’s employees being made to work 60+ hours per week and not being able to even take sick days.

[@kapilverma2456]

I knew this would happen, as they humilated parents and left many jobless, Karma has its own way, justice deserved.

[@sciencecreatedus9475]

​@@bunnyone8047 I think you missed the part where she said the even the founder is no longer a billionaire, so it's pretty obvious that the graph of his wealth too is going down

[@krishna_o15]

​@@sciencecreatedus9475he will still be as rich as your 7 generation could earn. The money loss is for VC

[@drarunaj]

​@@sciencecreatedus9475No longer a billionaire just means that he doesn't have 8200 crore INR. Even if its 800 crores....thats not at all a failure.

[@artimuos903]

​@bunnyone8047 Until he will be sued by investors and have to pay from his pockets.

[@GareebInsaan2020]

​@yangleezhao531 Beggar Pakistanis with their identity crisis and cowardice . Beg RANDISTANI 🇵🇰 Beg 😂😂😂😂😂😂

[@Talushallux1]

Only one reason: greed. Most Indian startups try to fly before they can walk!

[@menensa]

You are 100% correct. It's greed, high prices, unfulfilled promises. Their program cost more than a degree, at an age when most kids arent even sure about what they wanna be when they grow up.

[@BGP_95]

Then they Crawl like knocked PUBG noob😂

[@mg9854]

Not everyone can be Tony Stark u see...

[@R_t-99]

@@yangleezhao531 then stay in amazing Paxton

[@Talushallux1]

@@yangleezhao531Yes what do you expect? Indians are copying their well known copy cousins, Chinese, like Evergrande group and others! 😉😁😆

[@Praja_ashwath]

I remember few people who used to work in Byjus said the bitter truth of Byjus, saying employees were pressurized from their senior executive to complete the target, and target was nothing but forcing parents to join their children some of them were not even affordable. If the target was not completed, they would get thrashing from their senior people by end of the day, most of people i know left the job within 3 months due to mental stress and unethical work environment.

[@harekrsnarao3419]

It can never fail and shouldn't there are many Indian Entrepreneurs whom are providing real value to customer rather than romancing the valuation bubble. Palki Sharma did use the correct word its a much needed reset!

[@impuredeath2]

If the stem grow too fast and too tall while roots are still small... the tree is bound to fall.

[@anush8]

The fall of Byju's gives me peace.

[@manjunathams8865]

What a great video! Expecting more such videos.. thank you

[@graceocean8323]

The economy is already in shreds sadly 😔. I used to think everybody went broke during the Great Depression and other major crashes but they didn’t… Some made millions, I also thought everybody went out of business during these times but they didn’t, some went into business, there's always depression/recession for some people and there's always a good time for others, it's all about perspective.

[@trazzpalmer3199]

I agree that there are strategies that could be put in place for solid gains regardless of economy or market condition, but such executions are usually carried out by investment experts or advisors with much needed experience

[@mcginnnavraj4201]

The effects of the U.S. dollar's increase or fall on investments, in my opinion, are complex, but it has never been simpler to learn how to build your money than it is right now, when you may discover and experience a genuinely broad market passively by working with a successful Financial Consultant.

[@hannahdonald9071]

@@mcginnnavraj4201 That does make a lot of sense, unlike us, you seem to have the Market figured out. Who is this consultant?

[@mcginnnavraj4201]

My financial consultant is Salvatore Fortunato Sofia. I reached out to her after finding her on a Kiyosaki interview where she was the guest speaker. She's provided entry and exit points for the stocks I primarily focus on. She's built a reputation online. You can quickly search for her online if you feel the urge to get in touch. I essentially duplicate her marketing tactics.

[@amitanand29]

Which economy?

[@subhamraj2500]

I used byjus for me JEE prep during 2017-18. It had great animated videos to understand physics concepts from microscopes lens to angular momentum. But it spent billions in stupid branding in cricket team or fifa world cup and made it a mess.

[@ravialwayswins]

Animation kills creativity and imagination in kids. Also in real life, problems dont come alongwith an animated explanation

[@elva136]

@@ravialwayswins LOL, learning basic concepts via animations are good but if the Child has zero real life experience, he/she will be like a parrot. xD

[@prameelasingu4633]

In the name of live classes sold recorded videos. Karma will definitely hit them.

[@subhamraj2500]

@@ravialwayswins you cant imagine everything, somethings are to be taught. Also its impossible to explain concepts like how telescope works in still 2d images. Animations make it quick to understand

[@TomTom-yw4pm]

@@ravialwayswins : Bulls eye!!

[@ankitchaturvedi4614]

Mam they deserve it....even more they deserve...business runs on ethics and moral not blood and soul..

[@praveenhegde8107]

They want to go public (VC & founders) and have fun with public money but Karma never forgets an address.

[@ankitchaturvedi4614]

@@yangleezhao531 covid 19 sorry chini19 sorry slave of pla...dont cry

[@sameerdhaka4940]

​@@yangleezhao531China is an artificial bubble. Wait for the deflation, my friend 😂

[@manoramag5747]

Especially when It's about education.

[@AmritenduRana31082000]

​@@sameerdhaka4940no lol 😂

[@munagekar1992]

Oh I had a friend who Just got a Call from Byjus, I saw/heard the Video on You tube and Codeing Ninjas Gate Lock case and shared the same with him and Immediately told the HR as he isn't interested. Thanks Palki for making this a official Media document.

[@svmg7894]

I love how Palki has this ability to make every news sound like it's a mystery/conspiracy or something to be wary of 😂😂😅, every video of hers is gripping.

[@wongsoongcheng1245]

Miss Palki should educate all startups the way to make more money than sitting in front of a teleprompter and reading boring news.

[@rohanjaiswal7420]

Congratulations to Byjus you deserve this 🎉🎉🎉

[@arpanabinaswar1811]

BYJU never understood Teaching Industry. They were acting like Marketing agency rather than Edtech. People dont see brand they see Education quality and Affordability. They neither had Good Teacher/Content nor Ecosystem.

[@rajeevpanwar9989]

Very well researched candid presentation, as usual by first post! We in India are experiencing the same problem in Leh Ladakh, Himachal and Rann of Kutch area, where, high and roudy tourists , just for thrill, go overboard in damaging the fragile eco - system due to high rate of tourists! Request you to bring it to the forefront, so that local and higher administration could take preventive measures,befor it is too late!

[@SureshKumar-kq8zb]

Byjus is a great example how such a sector is made into a Unicon. It is a sector issue and we should thank him to make it. Education is a sector where the techniques are learned by everyone. Remember there is a massive learning and teaching platform that is already available which is catching up. The differential value come down automatically with time. The sustainability is the key.

[@dhirajchaudhari2660]

They spend too much on cricketer's ,slavery minded and they couldn't pay enough who were work for them..

[@kavishwarmokal124]

Byju make just hype, nothing else and all including students (and their parents) fall prey to these marketing tactics.

[@parthpatel4654]

Loved the way of your explanation, like explaining some jargons which I was not aware of. This is the reason why I like your new channel

[@sumeshpandit9359]

i like your unbiased approach for your videos. I usually don't watch news but this is so good.

[@ppc4061]

Business runs with ethics, values ,with long term goal, management vision, the success achived in short period bound to fall sharply

[@varunshivan9569]

😂, ethics and values are something even successful businesses don't care about.

[@ppc4061]

@@varunshivan9569 if no ethics and values followed then business fail for sure, look at Anil Ambani,nirav Modi, मल्लया, व्हिडिओकॉन, etc.

[@varunshivan9569]

@@ppc4061 I am talking about the whole world, Facebook, Twitter, Google, Pfizer, Blackstone, Nestle,etc are few examples everyone would agree.

[@ogs3721]

Byju’s also has a history of their marketing team commenting good things about the company everywhere possible. How low can you fall? This is cheap.

[@YouCantHandleTheTruth.]

@@ppc4061 _"if no ethics and values followed then business fail for sure, look at Anil Ambani,nirav Modi, मल्लया, व्हिडिओकॉन, etc."_ Not unless it is run and controlled by corrupted authoritarian dictators - Modi, Adani, Ambani.

[@sinjonamitra2160]

Exponential Growth leads to Exponential Downturn..

[@rosssonar5374]

I was thinking exactly the same. The quicker the curve goes up the quicker it comes down too. Its applicable in every field.

[@narenb123]

Startup is a celibrity word in India. It is used in every galli nukkad.. Even the small vendors call their's as a startup... The risk behind a startup idea is more than a business. It's an unknown territory. So you have to follow some rules and regulations. When a startup gets initial funding suddenly there is a rush to acquire other businesses in the name of expansion...At a point there is differences between the promoters and result in court cases. There are many startups also who are doing very good in their business.

[@vishwapat3]

To the point data and presentation. Crisp. 👍

[@eskutts]

Many startups were overvalued during the lockdown time and when the lockdown was lifted globally, demand for their products and services decreased and in order to retain the existing customers, they tried giving huge discounts and went on big marketing campaigns causing cash burn again. With decreasing demand and increasing expenses and pressure from their investors to show profits, these startups have no choice but to do layoffs. Over valuation, incorrect valuation and not doing correct demand forecasting for products and services will become a big problem for a company in the future.

[@shankarsivan278]

BYJU failed because it was too aggressive and way too much money pored into it. So inturn it needed profit accordingly. So became unethical and you know the rest. Nothing else.

[@menensa]

Simple put, GREED.

[@hs6736]

​@@vhrui904well , they're investing because of hunger index 107 , because that means, cheaper labour, plus India is a democracy unlike China, which is a dictatorship. Maybe, they didn't want to eat gutter oil. Or just didn't like Winnie the poo

[@megha8783]

@@vhrui904ok bots

[@manishk3197]

​@@vhrui904are you getting some aatta.. Katue Islamic slave

[@manishk3197]

@yangleezhao531 ok PLA slave....

[@khalistanifuddi5293]

When a company does what it's not supposed to ends up like this or even worst they will face, karma hits back. I remember many incidents when Byju's science teachers started poking around religion and Indian politics they inevitably met their fate. *Trust of customers plays a larger role in the success of any business, trust lost a business lost.* *Stick up with your business keep your accounts and balancesheet clear to be trustworthy.*

[@bastabbiswas7734]

Accurate observation

[@nihanchaudhry973]

There was a time when Parents were complaining that before purchasing courses from BYJUS their sales executives said we will refund your money if you don't like our courses. and later on they have cheated with most of students. they didn't even refund any money. when your fundamental objective is to earn money. That is good that's what businesses do, But if somebody is not satisfy with product you must look at it, and focus on how can you make it better. No but what they did they have developed strategies that their sales executives will trap you by sweet talks and make you agree to purchase their courses but when you don't like it and ask for refund then they didn't even response. i don't know about others but BYJUS deserves It.

[@so-much-to-learn]

Because they take a lot of investment too early before even building trust and foundation in the market. Most of it goes in over hyped marketing. And once investors exit they crash

[@venkateshmarpuri9336]

With investment they have Grown what they are now

[@so-much-to-learn]

@@venkateshmarpuri9336 I am not saying investment is bad.. but too much of it that too getting drained in marketing early on in biz to hype even the valuation is not sustaining for the business.. foundation of business in market is based on many important factors and cannot be replaced by mere marketing and hyped valuation.

[@ravichandrak2146]

Excellent editing 💯

[@Trikalajna_Jyotishika]

Hello, good to see & hear from you.... I am big fan of your journalism and Presentation of news. Latest topics you choose every time.... Which ever channel you joins becomes brand over night.... Keep it up.... All good wishes from small journalist fellow...

[@Hero007ization]

Never ever mess with your Clients. This will always backfire. Also mindless acquisitions without keeping future changes in mind is a sure shot doom.

[@BibhatsuKuiri]

Byju had very bad reputation for marketing... It was known it will collapse. They call and disturb everyone

[@MRM-9]

If only Byju had poured much attention in the quality of service that was offered initially, maintained that, gained loyal customers, sticked to that promised 'Education quality'... they would have been growing irrespective of pandemic or post pandemic.... Instead of that he kept the engine of Byju on autopilot mode with the accountability only with marketing team hitting numbers... No customer experience check, no quality of service check, no feedback check.. absolutely nothing.... While this was happening he was too greedy for expansion plans with other edu techs.... What a clear case example of a founder losing his vision that he had and let his fame and greed takeover him.... Now he don't have either what he was running for nor what he had earlier... He tarnished his own name... BYJU being most cursed service by customers who took their product service. I personally have not heard even 1 person talking good about the service.

[@krsna24x7]

Being a serial entrepreneur and from amongst the first generation of startups in India. I can tell you it’s about ethics, being ethical is the hidden edge that most entrepreneurs lack. The day the breed has integrity and can demonstrate trust, the startup cycles will stop failing in Bharat.

[@aryamansingh8278]

Very pertinent. Thanks for raising this issue that impacts millions of youngsters looking to launch a startup of their own.

[@your_dad5]

There are hundreds of free yt channels with teachers wayy better than Byjus' With Byjus scamming people, this had to happen one day.

[@cameramen6610]

U are top most asset for ur company....Ur Clean voice, easy words, simple explanation are food to my mind....

[@Phantom-qp1if]

Byju's got the taste of its own medicine, it used unethical tactics and the downfall is its result

[@krishnaSagar69]

This was inevitable for Byjus. It's the most shittiest ed tech startup, I'm worried about the poor employees who'll loss their jobs.

[@eskimo2616]

Don’t worry they will get jobs in scam call centres with their harassment skills.

[@AnilVerma-lx9dt]

According to me major reason behind byjus downfall is that they are putting a lot in advertisement rather than improving their teaching style or we can say technologies

[@testahom4690]

The fall of Indian startups focused on India consumers show that there isnt enough purchasing capability in domestic market. Hence, could be the signal of a flawed market or failing economy.

[@jainakhil]

Deep dark but true

[@GairikGhosh]

Or people got fed up buying the snake oil there were being sold.

[@smeshnoymatvey2054]

People are buying things that actually work . Unfortunately most start-ups sell hot air. So fault may be in products offered by most start-ups.

[@jainakhil]

@@smeshnoymatvey2054 Very well said. These startups want consumers to increase their average spending on each particular item. Like why use a 200rs shampoo use a 500rs because it's ayurvedic or natural so spend 300rs extra everyone for shampoo, same is the case with Ed tech startups they want exorbitant amount of money for online courses and classes and then many are trying to solve a problem that doesn't exist. The crux of the startup IMO is either to reduce the cost of the product to the consumer so that they save money or increase their efficiency in any manner like time, productivity or quality.

[@sadenb]

This is not just Indian startups. Startups in general and tech in general have got a huge setback starting 2022.

[@jainakhil]

True but startups are the one that are getting all the scrutiny, it's just a bear market trend that's happening right now.

[@JusticeWarrior27]

Syana mat ban

[@Atiq_s]

This is result of west apparantly 'punishing' Russia. We all can see who got punished.

[@gautamishruthi9454]

When startups focus more on making quick money than solving problems, they obviously fail sooner or later. The basic needs of healthy food and quality education should never be commercialized.

[@koushikduttarai81]

Ekdam sahi

[@bevdo-banno3169]

problem is always of someone else. make quick money, this is the mantra.

[@indranilbhuyan8071]

What an easy way to explain this ideas. Thank you ma'am. ❤

[@makarandadke7973]

अतिशय सुंदर विवेचन.. Dr आभार...

[@TheDynamicmarket]

always a good analysis. showing individual cases as larger social problems. good journalism!

[@amarwaha]

Such a encouraging ending at the end of the report. Very nice 👍

[@oceanbashir8247]

Explained very well. Keep it up

[@superclips4329]

Byju's deserved this, they went on a shopping spree, with a flawed business plan and spent too much on world-class celebrities when they were sitting on high-interest loans. I can't fathom how the founders and top management just thought it was rational to go spend like this.

[@adityaakshay1]

I live in US, but visit my motherland every year. I'm surprised how companies like Byju's even exist? It only shows how Indian startups prey on their middle class. Everything you want to learn is today available on the internet for free. China has even banned Ed-Tech startup for the exact same reason. Hope GOI shuts down such fraudulent companies. Instead appreciate business that are rooted in Indian culture.

[@PQRS4467]

Indian Startups: From illusion to reality...✨🇮🇳

[@Civil1329]

The level of satisfaction I am having by listening to this is immesurable ‼️

[@jmosafrica3088]

Thank you for the insight… Your friend from Angola 🇦🇴

[@derekjoe22]

Indian startups should aspire to be profitable powerhouses like Zerodha

[@PatriotPersonfromIndia]

पल्की शर्मा के कार्यक्रम आँखें खोल देते हैं और हमको हकीकत से रुबरु करवाते हैं!... 👏👏

[@Micky1234able]

Thank you... a lovely piece on Indian start-ups. The myth, at last, has been broken. Valuation based on projections and not on ground reality, will, sooner or later, lead to problems. And this boom or "The Unicorns", was it another attempt by the powers that be to paint a rosy picture of the Indian investment ecosystem for entrepreneurs?

[@shivak5382]

Byjus also bought gradeup learning platform and hiked the prices. Sad part is test series is not separate but to get test series one has to buy classes also.

[@ranjithraveendran]

Byju is an example for unethical practice in startups and all there actions are of don'ts in bussiness. Byju shouldn't be example for Indian startups. Byju should learn integrity, commitment and customer satisfaction.

[@amanaryan5566]

When learning is free in internet, how can Byju be a success? Second Byju owners though too highly of their idea but didn't offer something extraordinary on its platform. Third, extremely negative reviews through employees.

[@ramakrishnaht7166]

This has been happening from more than 2 decades in India and will continue to happen. With all due respect to the corporate executives who take the valuation and investment decisions, unfortunately, do not think like entrepreneurs and are highly keen on their enormous CTC.

[@ashleytoms]

The main reason for the fall of Byju was its deviation from what it’s supposed to do provide education…… when the firm got fame it deviated from its main aspect and concentrated on money…. Customer satisfaction became secondary and people got irritated from its constant call for join their package…. Children studying from 8th grade and above was ok but they stooped down to lower level making applications from kindergarten……. We hear lot of problems of children addicted to mobiles and tabs from young age but Byjus organization didn’t care about that but wanted money from parents for unnecessary things.

[@WhiteHatSr]

This was bound to happen, was clear back in 2020 itself. All the investors who are losing money now deserve this loss, they all knew about the wrongdoings but did nothing and just focused on revenue and taking evaluation higher.

[@SahasV]

Pradeep sir today you have finally got true justice for all the harrasment you received from this unethical company 🙏🏽🙏🏽

[@BobbyMadhu]

Valuation of startups is always a contentious subject. World over this aspect requires addressing. The rampant acquisition probably drained cash.

[@CarKiDeal]

Thnx for the valuable info..

[@devd6800]

I can relate this approach by Angels syndicate to the Hansal Mehta story where he would crazily increase the value of a company, which in reality had less or no potential for strong growth, just so that once that company's value grows to 10x, he would sell of his shares and get an exit strategy.

[@kanishkabhandari7181]

Byjus was harassing its workers putting tons of pressures.

[@Mj-bs9wg]

Very very true.

[@agnivaray7476]

Byju’s had the worst reputation, although I’ve not been affected by it myself. It’s high time Indian startups spend more time and resources in R&D without marketing, like someone has already mentioned!

[@DevDutta_STANCE]

You nailed it! Let me add...valuation is speculation by racketeers and money launderers.

[@arvindmorjaria2]

Cool... candid approach to issues.

[@ontheline10]

Byju deserve it

[@bishwasaha...]

Byjus deserves it. They force you. Literally come to your home and sit upto 10pm at night to convince you. They are just running after money

[@TheMegaTushar]

Can u explain, wanna knw abt ur experience. Plz tell

[@bishwasaha...]

@@TheMegaTushar when i was in 11 i used to look for answers in byjus so i signed in using my phone numbers. That's how they got my numbers, after that they were calling me on a regular basis. Insisted on talking to my parents and eventually came to my place and you won't believe they came at 7pm. Waited for my dad to come. This and that and what not they are so manipulative. Almost harrassed us and forced us into buying their products. That's how they are. People are busy but they will 🤙 you at any time. Their business practice is so unethical. I bought their product and found it completely and utterly useless as it can never replace the feature of a physical teacher. Utter nonsense. Will be more than happy to see byjus doomed

[@rajendraambekar2857]

Can you provide a comparison to how the startup world is faring in other places like the US? Is there a journey this new industry is on, where is India ahead and where do we lag

[@Himanshu_Upadhyay_]

Great video. 👍👏

[@narutohenaruto]

This will change the startups to consider profits instead of growth. Great thing to overall, a fundamental shift had to happen in the thinking.

[@shashianand250]

Amazon was not profitable for 20+ years

[@narutohenaruto]

@@shashianand250 they had a vision. They knew how to burn the cash effectively. Startup founders here are forced to show growth instead of profits and that trend is changing.

[@user-zh3ow4nh3p]

​​@@narutohenaruto promise you that is not the case. Startups make lots of mistakes before attaining product-market-fit. I'm speaking from experience. Some make silly mistakes which sometimes cause them to fail... sometimes

[@TheDynamicmarket]

there is a break even point. you need a certain volume to become profitable.

[@noctumm]

I am waiting for someone to blame the west...

[@SatyamSingh-fm2bn]

India is getting lots of foreign Investment after PM's visit to US. But I think this will slowly reduce and situation will slowly get to just a bit above normal.

[@Shobbys123]

Excellent assessment... thank you

[@anujgupta2602]

Wonderful once again

[@priyankdhyani]

Investors throwing money at anything and everything that buzzes is a big problem.

[@vethaiyabalasubramanian]

It's a hyper tution center. Nothinh more. Shame on Byjus

[@raj18110]

Palki, your content delivery is spot on, as always! I have a slightly different suggestion, though. Since you moved to Firstpost from Wion, the fact that you are looking at the teleprompter is more noticeable. It does not feel natural and disturbs the viewers when they look at you. Please look into this. It seems the teleprompter is a little high, reducing its height a bit might solve the problem. Hope you don't take it as criticism, but a friendly suggestion :)

[@bharatbhashatv4837]

Thankyou for bringing out the Truth🎉❤😊

[@Raja-ct9xq]

22Billion$ to 5Billion$ which is 75% drop on its value in a year. It tells a lot about how far this product is viable.

[@divyapatil21]

I think we need to workout our process. Stay focussed on our products. Most of it stay focussed on self mental and physical health. Let it grow gradually and also have a very clear plan of roll out. Understanding demand per region. Understand persona in each rollout. Have strategy.