Total raised averaged per day over approximately 11.6 years from founding to bankruptcy or shutdown. This is not measured cash burn. Methodology
Funding: Crunchbase roster
Current status
Marked to ~$0; insolvency proceedings
The rise & fall
9 moments Β· 2011β2024
The key moments, with employee sentiment along the way.
2011
π±
2011
Founded in Bengaluru
Teacher Byju Raveendran turns his packed exam-prep classes into a company.
Wikipedia
2017
π¦
2017
India's edtech unicorn
Tencent-era funding pushes the learning app past a $1B valuation.
Inc42
Mar 2022
π
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
π¬
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
πͺ¦
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.
