Byju's

EdtechIndia
πŸ’€ Dead / Bankrupt
PeakΒ $22 BillionToday
~-100%
from peak
  1. πŸ¦„
    Became a unicorn
    2017
  2. πŸ“ˆ
    Peak valuation
    $22 Billion ’22
  3. πŸ’”
    Became a Unitard
    ~2023
  4. πŸ’Έ
    Last valuation
    Wiped out
πŸ”₯ Raised & burned
$6.31B
Total raised
$1.49M/day
Burned Β· 11.6y alive
Funding: Crunchbase roster
Current status
Marked to ~$0; insolvency proceedings

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. 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, provident-fund deposits that never arrived, and final settlements still owed a year or more after staff had left.

Employee accounts paraphrase anonymous, unverified reviews posted publicly on Glassdoor β†—. See our methodology.

Source: Inc42/Outlook Business

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