Krishnakant Jhunjhunwala’s Post

🚨 Key Highlights From Byju Raveendran's mail to BYJU'S employees today - July salary yet to be credited as company's account not restored to founders due to Supreme Court's order - In last 2.5 years, BYJU'S founders infused INR 7,500 Cr in BYJU'S for operational needs - Out of INR 3,976 Cr disbursed as salaries to employees in last 2 years, Riju Raveendran has infused INR 1,600 Cr personally - Between 2015 - 2022 Riju Raveendran has sold BYJU'S stakes worth INR 3,600 Cr - No ED investigation against Byju Raveendran and Riju Raveendran - The founders are currently not in India - BYJU'S to launch BYJU'S 3.0 — an AI driven, hyper personalised educational platform low on cost and high on impact #BYJU'S #Byju #Edtech #Pendingsalaries #Startups #Indianstartups

Hi Guys, Byju's move "shut nearly all its offices in India" could be a part of a significant cost-cutting strategy to manage an imminent liquidity crisis. It's okay but it's not a great sign & news for the Byju overall brand reputation and stakeholders globally. Anyway, This could be Byju's one of the currently used last steps/strategies to survive the crisis. Let's see what happens in the coming future. Thanks all. #PMZQuotes #Byjus #Employees #Home #Office #Startups #Edutech #Edtech #Learning #OnlineLearning #Education #Indianstartups #Decacorn #Crisis #Brand #Business #Strategy #India #Bengaluru #Lesson

Byju Raveendran, founder of Byju's, has seen his net worth vanish according to the latest Forbes Billionaire Index. Previously listed with a net worth of ₹17.545 crore ($2.1 billion), but the 2024 Index shows him at zero. This dramatic drop coincides with a steep decline in Byju's valuation, which has fallen from a peak of $22 billion to just $1 billion. Several factors are believed to have contributed to this turn of events, including a series of crises faced by Byju's and a significant reduction in its valuation by major investors like BlackRock. BYJU'S BYJU’S Learning BYJU'S (GCC Region) Forbes Forbes India #BYJU's #Loss #Education #startup #India

#Startups Imagine building a startup to a $22 billion valuation, only to witness its valuation plummet to $1 billion. This has been the journey for BYJU'S, once celebrated as India's most valuable startup. Currently, Byju's is on the verge of bankruptcy. The company does not have money to pay salaries, and as a last-ditch effort, its Co-Founder Byju Raveendran has pledged his own home to raise money to pay his employees. But that's not all. The biggest blow to Byju's came from BlackRock, the world's largest asset manager, with $10 trillion in assets under management, and an investor in Byju's. In a move that had everyone shell-shocked, BlackRock slashed Byju's valuation by 95% from $22B to $1B. But why would an investor downgrade their own company, you may ask? See, the company is burning money heavily. Byju's is making around ₹30CR per month, but it is spending around ₹130CR per month, which is absolutely crazy to think of! To protect further loss of its money, BlackRock sold its shares at $1B, a steep drop in valuation, but it was done to protect itself. Byju's troubles are nothing new. It has been under controversy for a long time now. Whether it's delayed financials, toxic work culture, or pending loan payments, the list is long. But things are serious now. It is fighting various vendors like the Board of Control for Cricket in India (BCCI) for payments. Employees are asking for salaries, debtors are asking for loan repayment, and finally, it is facing FEMA violation charges from ED worth ₹9000CR. If Byju's wants to see sunlight again, it needs to get urgent funding, which is looking very difficult. What do you think? Is this the end for Byju's, or can they turn things around? ...... Follow Soham Mehta #India #EdTech #BYJUS

From $2.1 Billion to Zero: Byju Raveendran's Rise & Fall Byju Raveendran's journey began with a vision to transform education through technology. In Kerala, he started teaching friends for competitive exams, laying the groundwork for something big. In 2011, Raveendran founded Byju's in Bengaluru. It was initially an offline coaching center, focusing on test preparation. The launch of the Byju's app in 2015 marked a turning point. The app used videos and interactive tools to make learning engaging, attracting millions of users. Byju's growth was meteoric. Its innovative approach to education helped it become India's most valuable startup. Investors flocked, and Byju's valuation soared to $22 billion. Raveendran was hailed as a pioneer in ed-tech. However, challenges lurked beneath the surface. Reports of aggressive sales tactics and pressure on families began to emerge. As the pandemic's impact on online learning waned, Byju's faced a liquidity crisis. The shift in demand led to financial strains. Investor confidence wavered as Byju's struggled with capital. The valuation was drastically cut to about $1 billion. Legal troubles and government scrutiny added to the woes. Layoffs and a tarnished reputation followed. In a dramatic turn, Forbes reported Raveendran's net worth had fallen to zero. Once a billionaire, his financial status was now in question. Will he prevail over the pain this time? We will see. Emerging startups will need to brainstorm on how can startups balance rapid growth with sustainable practices? What role does corporate governance play in ensuring a company's longevity? #edtech #startups #entrepreneurship #valuation #billionaire #forbes #byjus

🌟 Breaking News Analysis: Byju Ravindran's Net Worth Plunges to Zero 🌟 In a startling development, Byju Raveendran, founder of India's edtech giant Byju's, has witnessed a staggering downfall in his net worth, plummeting from ₹17,545 crore ($2.1 billion) to zero, as per the latest Forbes Billionaire Index 2024. This dramatic shift underscores the challenges facing Byju's, once valued at a peak of $22 billion in 2022. Mounting financial woes, including a colossal net loss exceeding $1 billion and investor disputes, have catalyzed this downfall. As Byju's navigates through crises and regulatory scrutiny, Raveendran's journey from billionaire status to zero wealth serves as a poignant reminder of the volatile nature of the startup landscape. Stay tuned for updates as Byju's endeavors to rebuild investor trust and regain its foothold in the market. #ByjuRavindran #Byjus #Startup #Edtech #ForbesBillionaireIndex #BusinessAnalysis

startup decoding Byju's, once hailed as a trailblazer in #ed-tech, has experienced a meteoric rise and a dramatic fall. Founded by Byju #Raveendran, the company redefined online learning, operating on a premium subscription-based model that promised quality education at scale. However, the journey from being a unicorn to being declared "worth zero" has been nothing short of a cautionary tale. In March 2018, Byju's entered the #unicorn club with a valuation of $1 billion. By June 2020, it became a decacorn, valued at $10.5 billion, following an investment from Bond Capital. The growth continued, and by November 2020, #BlackRock and T. Rowe Price led a funding round that raised its valuation to $12 billion. The peak came in March 2022 when Byju's secured $800 million, catapulting its valuation to an astounding $22 billion. However, cracks began to appear as the company faced mounting financial and operational challenges. In October 2022, BlackRock slashed Byju's valuation to $1 billion-a staggering 95% drop. By October 2024, founder Byju Raveendran admitted that the company was now worth zero. The #downfall can be attributed to several factors: delayed financial reporting, legal disputes, corporate governance issues, and a loss of investor confidence. These challenges highlight the risks of rapid scaling without robust operational foundations. Byju's story serves as a stark reminder of the volatile nature of startups. While innovation and growth are celebrated, sustainability and governance are equally crucial for long-term #success. #byjus #pw #alakhpandey #rajapillai

#100daysofproductmanagemnt The rise and fall of BYJU'S >Byju's, founded in 2011 by Byju Raveendran and Divya Gokulnath, has transformed from a startup to a multi-billion dollar edtech company, shaping India's education landscape. Its innovative approach, using technology like videos and interactive content, made learning engaging and accessible >Attracting over $2 billion in funding from investors like Sequoia and Naspers, Byju's grew rapidly. It acquired companies like Osmo, WhiteHat Jr, Aakash Educational Services, and Great Learning to strengthen its offerings >Byju's is making loss after loss every year despite the fact that its valuation was once$22 billion in 2022 and now Byju's made a valuation of $200 million, a very sharp fall you can see. >What went wrong? 1. They started buying up their competition at a high valuation than they actually worth. 2. They ignored their core feature "Education" and instead focused on selling their product forcefully. 3. They only followed the trend when children wanted to learn coding they acquired "whitehat jr" when they wanted to study offline they acquired "Akash". 4. They forced their sales team to achieve unrealistic goals. #byjus #product #startups #news #productstrayegy #productmanagement

🚨Today's Update🚨 💥Byju's update💥 We acknowledge the recent developments surrounding Byju Raveendran and Byju's, a once-revolutionary #ed-tech company. The company, once valued at $22 billion, now faces insolvency and significant financial challenges, #impacting 27,000 employees. #Byju's story reminds us of the dynamic nature of startups and the importance of #resilient leadership. As the situation unfolds, we hope for a resolution that safeguards the #livelihoods of those involved and reinforces the lessons learned in the #startup #ecosystem. Stay #strong, #stay resilient. Source: https://www.reuters.com/ Follow us @jobsahihai #jobsahihai #byjus #news #jobseekers #jobs #employement #downfall

Could Byju’s Rocky Slide Be a Wake-Up Call for Other Startups? What led to such a drastic downfall of Byju Raveendran's empire?" In an unforeseen twist of events, the management of learning platform Byjus has now been undertaken by an insolvency resolution professional, sidelining its founder Byju Raveendran. Once touted as a revolutionary force in the educational tech landscape, this strategic shift points towards turbulent times for the company and its leadership. Posing bigger questions about startup culture and leadership dynamics within rapidly evolving industries—what went wrong? One moment we were marveling at the strides taken by this fast-paced ed-tech giant with record-breaking funding rounds transforming classroom education and altering benchmarks for tech startups. Yet, in what seems like no time at all—Byjus finds itself on precarious ground with its key decision-maker pushed into his final inning. This prompts a deeper look into not just the triggers behind Byjus’ recent spiral but also lessons that need to be absorbed by peers within these innovative business spheres. How did challenges around financial viability surface? What role did market strategy play in alienating potential allies while placing too many eggs into one basket? Is it possible that hubris posed as the biggest adversary here? As we watch this saga unfold, it’s time we questioned prevailing norms & evaluation metrics driving our start-up ecosystems in order to pre-empt such abrupt course corrections again. To know more: https://lnkd.in/dUx8dTja #Byjus #EdTech #StartUpCulture #LeadershipCrisis #FinancialViability #MarketStrategy #HubrisFallacy #LessonsLearned #WakeUpCall #LastChanceSaloon