Byju's
EdtechIndia
New to Unitard
π Dead / Bankrupt
PeakΒ $22 BillionToday
~-100%
from peak
- π¦Became a unicorn2017
- πPeak valuation$22 Billion β22
- πBecame a Unitard~2023
- πΈLast valuationWiped out
π₯ Raised & burned
$6.31B
Total raised
$1.49M/day
Burned Β· 11.6y alive
Funding: Crunchbase roster
Current status
Marked to ~$0; insolvency proceedings
The rise & fall
9 moments Β· 2011β2024The key moments, with employee sentiment along the way.
2011
2011
Founded in Bengaluru
Teacher Byju Raveendran turns his packed exam-prep classes into a company.
Wikipedia
2017
2017
India's edtech unicorn
Tencent-era funding pushes the learning app past a $1B valuation.
Inc42
Mar 2022
Mar 2022
The peak: a $22B valuation$22B
A fresh round makes it India's most valuable startup.
Reuters
2023
2023
The $1.2B loan fight
Lenders and the company sue each other over a term loan as cash tightens.
Reuters
Jun 2023
Jun 2023
Auditor and board members walk
Deloitte resigns over late financials; three key board members exit.
Reuters
2022β24
From the inside Β· Glassdoor reviews, 2022β24
Glassdoor reviews chart the unraveling from inside: a sales floor pushed to hard-sell courses to families who could barely afford them, rolling layoffs every few months, then months of unpaid salaries and provident-fund deposits that never arrived.
Jan 2024
Jan 2024
A 99% down round
A rights issue prices the company ~99% below its $22B peak β BlackRock has already marked its stake toward zero.
Inc42
Jul 2024
Jul 2024
Insolvency proceedings admitted
India's company tribunal admits a creditor case; Prosus writes its holding to zero.
Reuters
$22Bof peak value erased Β· 12 years
π¬ entries paraphrase anonymous, unverified reviews posted publicly on Glassdoor β; dated facts carry their source.
How it happened
Byju's was India's largest edtech company, peaking at a ~$22B valuation in 2022 amid pandemic-era demand for online learning. Aggressive expansion, accounting and governance issues, and debt disputes triggered a steep collapse; investors including BlackRock marked the stake to near zero and Prosus impaired its holding fully, leaving the company in insolvency proceedings.
Source: Inc42/Outlook Business
