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Byju's

EdtechIndia
💀 Dead / Bankrupt
Peak $22 BillionToday
~-100%
from peak
  1. 🦄
    Became a unicorn
    2017
  2. 📈
    Peak valuation
    $22 Billion ’22
  3. 💔
    Became a Unitard
    ~2023
  4. 💸
    Last valuation
    ~$0
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 with effectively no value.

Source: Inc42/Outlook Business