"It’s worth zero. What valuation are you talking about? It’s worth zero." - Byju Raveendran
Byju’s founder says his edtech startup, once worth $22B, is now ‘worth zero’
Summary
In the article from TechCrunch, Byju Raveendran, founder of the edtech company Byju’s, reflects candidly on the series of missteps that have led his startup, previously valued at $22 billion, to a dramatic devaluation to "worth zero." The central thesis revolves around the company's aggressive strategy of acquiring over two dozen startups to quickly expand into new markets, a decision that backfired amid a drying up...... read more >
