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Byju’s Was a Slow Train Wreck, Visible to All but Its VCs
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- čas přidán 3. 08. 2023
- In March 2022, Byju’s, with a valuation of US$22bn, established by a US$800mn (million) fund-raise, was India’s most valuable start-up, despite declaring a loss of Rs4,588 crore for the year ended 31 March 2021. Things have gone downhill since then and even though the signs were always there, the Venture Capitalists invested in Byjus somehow missed it all. Watch this week’s video as Sucheta Dalal, takes a deeper look to examine where you things have gone wrong with Byjus.
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Byju's has swallowed more capital than the Delhi Mumbai expressway, or the Mumbai Ahmedabad bullet train!
atleast it went towards the employees rather than politicians and tender contractors pockets.
@@sanketm1663a lot of it went into unnecessary acquisitions and to celebs such as SRK and Messi
Hell Messi was declared ambassador around the same time as firing hundreds of employees
Private capital!!.. That's the magic word.
@@arunsar7893 true
That's news to me
For Byju's family it was an earning opportunity while for others it was a "learning" opportunity 😅
Tablet Story of Bihar Muzaffarpur is Very True 😂
Ofc other startups will commit to more planning strategy along with marketing (I'll tell you somebody will enroll to any online classes perhaps to byjus itself and will get good classes and slowly try to bring it back or some other companies will come up based on byjus failures) others failures is like a lesson for you🤷♀️🤷♂️
A cousin of mine who runs a startup says, "The moment we read Byju's on a salesperson's resume, we reject him. Because we know he has been trained to overpromise and will ruin our reputation." I've heard such statements from way too many people.
One of my ex employees actually resigned from Byjus within 2 months since they forced Sales people to do such unethical things! They should be taken to court and jailed!
That's a bit harsh on the salespersons who were merely following orders from above, and might have quit quickly when they realised it wasn't worth it. Maybe the experience actually taught them something.
@@Banzybanz They are apparently trained that way. They know no other way to sell.
@@sujalgarewal2685 They are humans, not machines. They can learn better ways to sell. That's on those who will be training them.
@@Banzybanz There's a cost associated with training new employees. Not every company is in a position to do so.
I work in a startup myself but seeing this startup fail, heals my soul to the core. The way they were acting, they deserve this fall.
I hope it shuts down soon!
you know nothing my friend of the "real story". Do not come to conclusions seeing all this bullshit (I am not anyway connected to byju's ). I simply know that when Mr Rajnish (former Chairman of SBI) joins and when Mohandass Pai joins in this organisation, they are on the right track. Now, according to me, Byju's is in trouble (only for the timebeing) CREATED by Foreign sources from whom they have taken money. Thats a long story. You have to read more. Don't watch this "dime -a -dozen" channels in CZcams
You may have joined the wrong start-up. Thats bad luck and I know there are lots who are cheats. Byju is not cheating anyone. Cant blame them for aggressive marketing ... that you will have to do to survive. Product is good. Education sector is in trouble all over the World presently (even in US seats are empty)
@@ppsen7346 Hello respected human, I am not coming to conclusions based on these new channels.
Many people I know have worked in BYJUs BDA team, the company also came to our college for hiring.
So my opinion is based on the description provided by the people who worked there :)
@@ppsen7346Forget about finances. You are here to simply whitewash their mis-selling and toxic work culture.
@@ppsen7346Mohandas Pai is a religious bigot as well. Clearly his rationality can be questioned.
Firing 25000 employees cannot be redeemed in any way shape or form
To me ... any company that ropes in top celebrities as brand ambassadors & spends 90% of their budget on marketing means it's definitely trying to compensate for lack of inherent strengths & customer-value in its business model.
All VCs are stuck with Excel sheets and not the reality on ground. There are many such slow train wrecks, easily visible to employees, CEOs, which are just scraping through.
@@ut2104 FOMO. Many firms missed Alibaba bus. So, nobody wanted to miss another Alibaba.
Because regardless of class Indian parents spend on top of public/private education to give their kids an ‘edge’
Tablet Story in Bihar Muzaffarpur is A True One
@@ut2104I know right!! How in the right mind would Somebody spend money on educational courses that are easily available on CZcams
Meanwhile, we the mango people, were bombarded with SMSs and emails to file ITR, but Byju's are cool without finalizing accounts for years.
If we try to rationalize the things which happen in India related to the problems we mango people face. You won't be able to live
🤣i am still getting the messages after having filed them a month ago! Poor mango people. They are also bombarded by phone calls from politicians fighting an election.
@@regalnutrition9117 "ye kuch zyada hi ho gaya".🤣but i understand your sentiments.
Omg 😲
@@hinteriors389omg
Whenever a CEO has to come out and say that "Things will get better", that is when you know the company is bust.
Yuppp
Sucheta has nailed it, what she is trying to convey is if somehow Byjus would have managed to keep everything under carpet and managed to list they all would have been happy. But moment they saw all govt agencies in sherlock holmes mode they packed bag and ran away
That mention of corporate big boys' control on LinkedIn is very important. All I see on LinkedIn is posts telling you to sacrifice everything else in your life to work for "good employers" or very sketchy promotion posts for random startups without disclosing that the poster is being paid to speak well for the company.
What does India's education Ministry have to say about this? China banned such online Degree Bazaars in 2022.
China has different thoughts on banning these ...as they wanted to keep the education cost cheaper at home to let people have more kids
China has different thoughts on banning these ...as they wanted to keep the education cost cheaper at home to let people have more kids
But they didn't ban bat eating which is why we got covid
@@praveengupta6395 Appreciate your inputs, but India's response with a new education policy is still critical in view of its massive brain drain, and a coaching bazaar (online or offline) is not a solution to that central issue. Because it has a lot to do with the hugely different trajectories' scale of the two countries - of which India's foreign trade deficit with China is just one indicator.
@@Naps56in Byju case it a purely a operational failure to gain the consumer trust. India's overall growth story is chaotic in the right direction. As a developing country our government should continue praising the start-up. who su
I remember one of my ex team member who had joined byjus for a short time was assigned an area in Bihar. He said byjus had a scheme of giving a free tablet on enrolment. One of the Bihar parents thought it was a medicinal tablet and was very happy to understand that a pill can make his child bright. 😂🤣
😂
G 😅 😂
:D :D :D
lies
@@richarai14 Same Thing Happened in UP Moradabad 💯
Also Whitehat Jr was a big sham, on teaching programming to primary school students and pitching to parents that they will become the next Elon Musks.
Also, remember Wolf Gupta. :P
Also remember pradeep punia who exposed Karan Bajaj scam called whitehat jr programming for six year old 😂😂😂
Byjus has swallowed more money than the Indian space program
It is better that companies like Byju's fall and perish now than later. It will serve two purposes - karma for its founder's greed and secondly it would save unsuspecting retail investors, like the ones who invested in Paytm, from having their investments wiped out !
What is even more surprising is that Indian govt's ministry of commerce has still not initiated any punitive action them. But I am not surprised. This guy, Byju, can stoop to any level to sneak his way out !
You are right in what you've written, but if it crashes entirely, many employees will lose their livelihood, we can't wish that!
@@fi1158That’s ok. They’ll find another job. Trust me despite popular belief there are plenty of jobs available out there for people with skills.
^ whatever they have earned.. they must start investing in small businesses. That's the only way.
@@FilesdocumentsAndreposit-kr3vb byju has atleast 200 million stashed somewhere and he is going to lead a better life than vijay mallya.
Very nicely explained. Thanks - the greed - at all levels is a spin off at every level.
Hire IITians - fresh from college - who r in to make a quick buck. And trade for a career.
Scare and sell to every parent who expects online solutions to substitute for parenting responsibilities.
Byjus ended up killing the semi urban class room tuition players like Deeksha Academy who were supporting children who could not access metro based coaching.
BYJUS Too Much Sales Presure Has Led To A FUNNY INCIDENT 😂 In Which A Student Parents From Bihar Thought That BYJUS LEARNING TABLET On Registration 😂 For A Course To Be A MEDICINAL TABLET For His Son For INPROVEMENT In Studies 😅 🤣 😂
Yes True 😂
Sad but True 😂
OMG 😲
Funny 😅
@@bubulmallick846funny 😄
This is what invariably happens when you try to grow too big too fast. Success cannot be achieved overnight, you have to work through it step by step.
Byju Ravindran is a great teacher, some of my colleagues have attended his classes when he himself used to coach in Bangalore about a decade ago for competitive exams like CAT etc, but then this happened.
He must have laid down the principles of the company
Bullshit Flipkart grew at incredible speed as well.
Byjus have a cultural problem it became a product selling company instead of education service company
It’s not about growing big too fast but have the unethical mindset. Every action and behavior is a scam
Byju's is an insult to all school teachers. That's how they marketed their brand. Their Counsellors kept telling that school coaching will not be enough to score good marks. They say to parents " School teachers are not doing a good job. Byju's is a must if your children have to get into IITs blah blah blah." Even the marketing personnel had it tough while working there. They were given strict monthly targets to bring students to Byju's. Working there was hell. So yeah, like the vlogger says, there was all round failure.
Byju's, in the end, was nothing but home tuitions on a grand scale. Pity SRK and Mohanlal. They barked up the wrong tree in endorsing this home tuition outfit.
Why pity the superstars.....they got their fat paycheck to push a product.
All over the world it's the same story....get some popular celebrities to endorse your product and rope in the gullible fools who fall for the celebrity endorsement.
If anyone takes the word of the mostly uneducated "celebrities" to make their purchasing descision, the blame is on themselves for all the eventual fallout.
Its true. Before edtech boom we used to blame the education industry for not teaching the things properly as we are not able to visualise things that teacher say and in the K10 segment most of the teachers are not qualified enough to teach us in most of the schools. Byjus does not say you will get into IIT's for sure, it says you will fall in love with the education as they teach things in a proper manner so we will not fear of asking doubts. How many of us fear asking doubts in a regular class because of some teacher's attituted that is being solved by byjus. Before blaming anything atleast use the product
But nobody questions the celebrities now. How confidently they used to market the brand 😅 it’s similar to IIPM. Just eyewash, all fancy stuff, nothing real 😒
@@vikramadoddamaniIIPM pales in comparison. He atleast employed most of his 'graduates'.. it's a different story that others wouldn't 😂
@@legendarylegend8791 Yes...the teachers inability to make the subject interesting for the student is a good point.
But a child afraid to ask questions to elders/higher ups is a society wide problem.
Byju 5 stage of grief 1st Denial, 2nd Anger 3rd Bargain 4th Depression ( Current state) 5th Acceptance when we all will move to some other story and this will be forgotten like many others in past.
Omg 😲
SORRY!! This will not be forgotten by many. We need to be careful when we take funds from USA loan sharks. Byju's USA investors should be red-flagged in India. No one should do business with them, as they are predatory. This is the second instance I witness afte the Future Amazon fight , how dangerous legal terms and conditions can be !!!! All start-ups should not use generic agreements and should invest in getting A1 legal advise.
Tens of Thousands of parents smiled😊 when this demon 👿 broken into tears. He came from a humble background but after a point he forgot from he came from
He came from well educated and well to do family.
He was unethical
Sad Fun Real Stories Of BYJUS Presure Saleing Result BYJUS Education Table to Medicine Tablet 😂 😂
Omg 😲
Funny thing 😅
Full fun
Madam,
It was great to hear from you. A balanced and optimistic view of the events happening surrounding BYJU.
And the ending note was great and positive, that disasters happen globally as well. It is not a matter of place. Liked it.
Unrealistic targets, customer pressurization are all symptoms of a lack of natural demand.
Demand creation requires lateral thinking, product innovations and supported by good marketing
Bimari Parents in Muzaffarpur Thought BYJUS LEARNING TABLET as 💊 TABLET for their Children 😂 😅
when one is working with Loan Sharks from USA, pressure is automatically created. Byju's made a fine product and have huge study mat banks from 2012. Problem is that the long term invest ors are showing their true color now and pressurizing the Byju's people to return the money. Is that possible for a start up???? the other problem is that enrolments in institution all over the world is going south. This was not predicted post-pandemic. There will be "natural demand" (as you put it), very shortly and I am sure about that
Fun But Sad 😂 Tablet Views
Very well written. Very well explained. Great job.
😂😅
BYJUS Fun Learning TABLET Though To be Medical Tablet by Bihar Parent in Muzaffarpur is Really Fun 😮
😅 Funny
This brings up some fundamental issues:
1. Performance. The Indian VC-funded startup ecosystem has not performed - there are no exits of note, almost no venture is profitable, but still get funded multiple rounds. The pride of India having "100+ Unicorns" sounds hollow. Why?
2. Reputation. Let's be clear: the VCs, despite all their high falutin' backgrounds, are certainly no gods. They have failed, and continue to fail miserably. If they were on the senior leadership team at any top company they would have been fired a long time ago. The excuse that the venture industry makes calculated bets and some perform above average, the bulk of them fail, and a very tiny few become winners doesn't wash. Especially when in many cases either the business model was weak, the governance poor, or execution mediocre. You don't fund multiple rounds to such ventures and this could have been the brakes the companies needed. VCs need some other kind of statutory regulation to have them release their internal adverse notes or have the company required to open these just as with their audits.
3. Repetition. There is a repetition of the same story across multiple ventures from different industry segments: Housing, Zilingo, GoMechanic, etc etc. Why?
4. Basics. Everyone has climbed on to the VC-funded idea - incubators, accelerators, etc. Time to slow things down. There is a crying need to educate entrepreneurs about "back to basics". Revenue growth with profitability even if slow and consistent. In substituting valuation for profitability - that VCs are guilty of - we have made unsustainable business models sexy.
5. Governance. This needs a complete revisit by government, government agencies, audit partners, professionals, and lay public. LinkedIn should admit that it was utterly wrong and reverse the suspension of Dr. Aniruddh Malpani (whom I used to read and enjoy). A failure in governance indicates that the underlying values in the founders, in the ventures they started, and in the larger ecosystem that preferred conformist eulogy, was absent or weak. Integrity should be paramount, not a lip service.
Byjus learning Tablet was Thought To Be Medical Tablet in Bihar Muzaffarpur is AMAZING 😂
Well said bro
Mam, I have great respect for you for the work you are doing to financialy educate people. May God bless you with long, healthy and prosperous life.
Funny thing in Bihar Muzaffarpur And UP Of byjus Education Tablet Though to Be Medical Tablet by Student Parents 😅😅😅😅
True that. But my only objection is that again we are witnessing the MEDIA TRIAL of a great Indian Startup. We should all pray that Byju's comes out of the woods. Byju Raveendran is not a cheat. Period
@@ppsen7346 : Spoken like a true Hindu..... When things get screwed up and wilfully mismanaged... PRAY !! BTW I have another startup idea.... we can start a company that organises group 'prayers' as a service..... wanna fund?
I used byju for my son..waste of money. But it was hardsell -very well done psychology - by the sales team.
Heard from a former employee that Byju's was not a good place to work at. He cited heavy workloads and underpaid staff. Looking across the spectrum of corporates in the country, this seems to be the norm..
I knew BYJU’s was a fraud when they hired Shah Rukh Khan for marketing!
They should have hired feku instead or even you
@@sreenii5445 Best marketing is done with actual customer results!
Fraudulent companies often resort to shortcuts. Anyone who uses Bollywood actors to promote their product is resorting to shortcuts and I don’t trust such companies.
@@sreenii5445 Feku was on Paytm ads post-demonetisation though 😂
Please write a book about these new era corporate scams. We as people need to know more about this.
This raises the question: are Indian startups overrated? Have we had even one startup which has maintained a healthy and reliable growth profile in recent times?
Byjus Tablet is Being Dreamed As Medicine Tablet in Bihar and UP Town 😂 ❤ 😅
Omg 😮😮
😲
It's Funny hope it's not true 😮
Yeah, VCs care about money, Byju's just wanted a high valuation. Neither wanted to create a good company or a good product. Well, it was bound to happen, the bubble will burst eventually.
They'd lie to parents to sell the products.
Byjus offered me a sales job back in 2015. Thank god I didn't take it. I wanted them to succeed so much.
U mean fail ..
Question is why no authority is exercising its whip on byju even for non filing of annual financial accounts with mca.
Multiple reasons. Letting such a big employer fail is bad for the employees, parents and students who are part of Byju’s. Secondly the image of the startup ecosystem in India will be tarnished and foreign investors may become wary.
@@84dhanreddyemployees who stay even after seeing the crooked unethical practices from the inside, but still stay will definitely need to suffer. Shitty place to work, shitty practices.
Bob Dylan's prophetic lyrics:
Are they lost or are they found?
Have they counted the cost it'll take to bring down
All their earthly principles they're gonna have to abandon?
There's a slow, slow train comin' up around the bend
At what point are we going to see Byju come out and say stuff like, “this is an attack on India” ?
your comment is in poor taste my friend. Indian start-up like Byju will change the ambition of Indian Entrepreneurs and force them to think global scales. We should be proud of Byju's. We dont know what problem they are facing from Loan Sharks from USA who want a board seat and control. India is a huge coaching market (just JEE coaching will be close toRs40k crore market which is bigger than the automobile market of India.
@@ppsen7346 Keep dreaming.
@@rocabraham no problem Bro. What else will u do when news is not coming? I am a positive person!
Half truth is better than imagination
@@ppsen7346 The auditors, the analysts, the ED, the courts - they were all “imagining” ?
What u know, is what i kno also (fake media news who believe sensation for advertisement).
Okay , maybe I know a little extra, being part of th education sector, but I do not have any validated info so i will keep quiet.
For now I can say that the Peak XV, Chan Zuckerberg etc. are all maligning Byju like hell. India is happy hunting ground for punters. That is a thing of the past. USA moneylenders will not have easy control of Indian companies and make huge gains.
As a fellow Indian I can tell u, what u witnessed in Amazon Vs Big Bazar Group (Future) is repeating itself. Future group went bankrupt as Amazon squeezed the breath out of them for greed. Byju is in great danger I can tell u that. I prefer to keep quiet for now as I know as much as you know.
I'd love to go through that bookshelf at the back! ♥
companies like byjus is a good example that, investors can also be fooled….they clearly have a BS management and promoters who don't have right intentions and deserve nothing….it would be nice if they just shut their shop instead of causing more damage to their investors and gullible parents
its the other way around.
Byju's here seems to be the victim of loan sharks from USA who want control of T&L (the Byju's firm name is Think & Learn). this video distorts a lot of facts and is highly biased with their own concepts which are far from right. Please do your own research.
@@ppsen7346 then this should be the case for every single VC funded startups and not specific to byjus, either way the blame has to go to founders for being gullible or incompetent….may be this part is missing in your research!
Another disaster in wsiting is Cred. Will be worse than Byju, since they dont even have a business model. Its merely a game of invedtor musical chairs
What Model u got 🤣..langoor
Was it just "advertisement driven growth" and nothing on the ground?
Is Byjus educational Tablet after Enrollment is Being Viewed As Medicinal Tablets 😮 😮 in Bihar
Wonderfully put ma’am 🙏
Umpteen cases like these repeat time and again. Being educated in a B school, this is only an additional case study for the next set of B school aspirants. The story of human greed is as old as humans itself. History needs periodical reminders it seems, especially with capitalism.
Capitalism is basically economy. When there's lack of Morales and ethics. BYJUS happen
I have become a fan of you by the way you speak and explain. These days it is very rare to get to listen to such simple narration.
Not every Malayali schoolteacher can be a good CEO. Time to draw the line.
@@A09119facts
Only Gujju petrol pump attendants!
Uncalled for. It has nothing to do with being a malayali or a school teacher.
Could have been successful in selling bakery products
Or a tea seller in a railway station😅
You forgot they acquired gradeup too
Superb & succinct analysis ms.dalal .... In a bit of time, the byju saga unraveled👌👍
Our children started questioning how our business growth are so slow. How these companies growth are at lightning speed. And concluded old style and many more conclusions. Groups like TATA and birla took generation to make businesses of sizeable turnover.
Quick and easy money comes and goes much faster way. That's the life .Hope we understand scams are always around us in different forms like harshad mehata and kingfisher. But not to come in their shadow require much deeper understanding.
Tata birla were running drug business for Britishers opium Trade that's how unethical they were.. instead of spouting bs read up on Opium Trade and it's beneficiaries..no wonder then Tata supported jinnah and were in British camp
Not harshad Mehta,scam of Ex PM PVNR ...lol even after tons of research papers u say scam of Harshad Mehta grow up child
Kingfisher was not a scam. Yes, they defaulted on loans but they never scammed anyone. They just went into losses. There are plenty of companies and normal people who fail to pay their loans because of genuine reasons. You think all of them are scammers?
@@84dhanreddy diversion of funds into unrelated business and siphoning off the money from the books by Mallaya,it's a scam
Whatever be the past, the TATA have been honest and one of the most employment generating people in India. So we need to hand it to them. Let's accept all aspects of reality. Their food and the bad. You can't remove tata from modern day India .
This should be played all over the medias, social platforms and at the parliament as well. Such a big scam in India. Shame on Byjus.
I can't believe edtech they valued as billions of dollar. Edtech not a market
Business ethics and standard practices are thrown out in the name of "startup culture" and all this is pushed forward by greed on the part of startup founders and VCs. It's high time startup founders take business practices seriously and not just focus on growth on paper to raise funding.
and also, stay away frm predatory firms (like Bjyu's has fallen in trap of US loan sharks) when startups are negotiating the funds arrangements, they need to wary . This is the second debacle I am seeing after amazon future fight of what can happen when u take money with tough unrealistic terms.
Well researched and superbly articulated, a wake-up call to foolish VCs and get rich entrepreneurs...may your tribe of red flaggers grow...
Most Foolish VCs mint money by fooling the public and entrepreneurs
Every sentence that Sucheta madam says has a lot of value in practical life. Thanks madam for posting this case study .
"Byju’s Was a Slow Train Wreck, Visible to All but Its VCs" - No one ever came out with a case study before their downfall but now everyone could see it. What a load of bullshit title 😂
@wennwenn1422 some famous people like Dr Malpani tried to highlight the Byjus malpractices , they got their social media accounts suspended . Some ordinary people also have got court cases registered by Byjus against them ,demanding compensation in crores for putting their views about Byjus on social media . Clearly Byjus was run by a bunch of goons who had nothing to do with education .
Your questioning VCs is valid. Byju's and them are birds of the same feather. VCs are just abandoning ship now. No sympathy for anyone, who ruined lives of innocent parents and students. Karma caught up, just a bit late.
VC business is all about litigations. They make more money wrangling necks of Indian Startups and taking over their companies for a song . Hope you followed the Amazon Future legal battle? For a small equity participation from Amazon, Future Grp got into a legal tussle, and went bankrupt in need of capital.
Great insight and lessons for any leader! Even bullshit can take you to the top but won’t let you stay there for a long time
A very balanced perspective. Thank you for making this video.
NCPCR Govt of India took action ONLY after Byjus refused to pay the BJP. He was accused of paying the Congress in Karnataka. Thats when the so called Govt which ideally should have raided Byjus way back in 2021 (ED-CBI!!), came to the rescue of common Indian citizens who were ripped off by this scammer
Biju should conduct a corporate governance course !
Byju was trying to Grow instead of trying to Succeed …
Interesting comment
Well presented Maam.
I subscribed. Im in awe of good Speakers always.
I really loved the way you just coolly went through this topic....and beautifully.
Want to hear more from you.
Same like PayTM .. I attended their session with my Son and was amazed to See their so called Get Together , it was all in the Air .. Big Talks .. Courses are too expensive .. They were doing Push Sales rather then Pull Sales and they were suppose to Crash.
What courses 🤔
Investing in India is a huge headache for foreign companies. My cousin came with 1 million dollars. But he got fed up with bureaucracy, gst hassles, coudnt rent office due to gst requirement of insisting landlords have gst nmbr, paperwork, licenses, complex tax structure, ROC Company registration etc. He went back to USA.
Madam, how is DIL of Amarsons in Malabar Hills, I guess their store is in Breech Kandy is the auditor of 7 airports sold to Adani????
Byju's opportunity - run classes on wiser investing, using its own investors' experience as a case study??? That way Byju's might just beat HBS and LSE as the world's most valuable "educational" brands.
Taking something which is offline to online will it work no idea. They should have thought about to somehow change the decades old colonial education system which churns out thousands of engineers who are just not employable. Will it help anyone if the same is being done Online today which was Offline yesterday should have been thought process. Did Byju's change that a big No.
Problems of VC are that if they speak against or challange the promoter, and promoter leave or relationship turn sour, then who will take the responsibility of the Company. VC can't manage the day to day operations. Now-a-days, in such companies, the calls are taken by the promoters and mostly not by VC. Because of the greed of high perks pursuant to achievement of milestones the founders / promoters uses such radical tactics. Promoter / founders keep such activities in grey in front of VC, and they don't tell VC complete fact and VC also don't bother to ask them either. Secondly this might also be a case for roles, responsibility and accountability of ID in case of unlisted entities.
So well-presented that I watched it twice
Where is Mr Mohandas Pai now?
I thought he joined up their Board, about 2 weeks ago..
He's an investor, and must have smelt an opportunity to buy in, when rates are low...
@@A0A4ful His company Aarin capital was the investor since 2012,once owning even 26% stake in Byju's. Economic times states,"Pai was also an early investor in Byju's through Aarin Capital, but they have divested most of their holding in the firm"
Education and Genius WITHOUT Humility, Greed and Hubris is the right recipe for Sustainability, Growth and Public Good.......This probably is the cause for this downfall and the unravelling of disasters of unimaginable proportions....rather than "BY BYJUs" it has become "BYE BYJUs"...it was a self made crisis.....
Very nice summary, Ms. Sucheta Dalal.
The government needs to distance itself from promoting startups without looking at the health of their balance sheets and create an appropriate regulatory environment, protect consumer and investor rights and penalize companies that commit fraud. The Minister should be embarassed.
Ms. Dalal, please keep up the good work. Enjoyed your even handed and dispassionate analysis of the situation.
Well said madam . Hopefully other start ups learn from this
well put. Sucheta Dalal has persented this in a very lucid, straight forward, but deep manner.
Pls don't defame BYJU it is great concept ...it provided great digital education to my kids....
Pls see other side of coin...
Thanks Ms. Sucheta Dalal for the in depth review. I have another intriguing story to share if you have some time.
They said they had a customized course for my 5 year old to shape his future.. 😂😂.
How do we know there weren’t any kickbacks involved? Throwing money behind bad money.
Hindsight is always 20/20. Never read anything in the media.
Very nice video ma'am, very well articulated 🙏
Hello Madam Can you list or post the pic of all the books behind. It should be an intresting list
Very good analysis, Sucheta madam. 👍👍
Today that chap Byju is crying like those children and their parents cried after getting fooled into buying his dubious app and getting into financial trouble. His parents are also to be blamed for despite being teachers themselves made this profession a marketing third rate game
Very Good Analysis .......Pls try to get Byjus version on list of your questions........Respect from Bangalroe....
The other thing is, whatever may happen now, the founders of Biju’s would have made enough and more money that they could ever make, had they not done all that they did. That’s the sad reality of these so called valuation businesses. It’s all just a plain ole scam.
Finally justice to all those vloggers and bloggers who raised an issue and got trolled by Byjus!
Good Indeepth Analysis 👍👍 Hope For Another Follow Up On BYJUS And Akash Story Unfolding With TIME 👍
xijinping's Ccp also invested in several indian companies, including byju's. Worth Looking deeper in to this
Where is Mohandas Pai now?
I disagree with your conclusion. Byju is equally responsible for the mess. When you sponsor Indian cricket team as part of multi-year deal before investing in your business you know what you are signing up for. Lets not blame the VCs. They invest and expect high return because the risk is high else they would invest in fixed assets.
I have witnessed this quite often - whenever VCs enter a startup, the startup has not option but to become ruthless. Sometimes its ruthless cost cutting and layoffs, and other times its the pressure to grow. Its like making a deal with the devil. All the VCs want is to raise the valuation and off load it to someone else. They dont care about the founder or the business.
IS Byju raveendran . was he not answearbel is he not greedy
Best way to assess value of a company is by studying its financial statements. It is paradoxical that a loss making company continues to enjoy exorbitant valuation without any justification. For Byju’s it is case of total mismanagement. Initially, the promoter might have lured investors by selling big dreams. But the crucial questions are how the funds were spent, what is the turnover and what is the profit. If accounts are not finalized even after a serious lapse of time then that company is worthless. The moot question is who values the company and how the valuation is arrived- the fraud exists at this point. Investors should be beware of such fraudulent methods.
Hope the startup turks understand a simple lesson.
There is no shortcut to Financial Integrity and Corporate Governance
There is no shortcut to applying marketing rigour. Just because you have a great idea does not make you a Marketing maverick.
When you build an institution, it begins with company culture.
They should not be called decacorns or unicorns - they should be called deca CONS and Uni CONS !
Seeking VC funding is just one aspect of growth. Companies need better financial advice to weather the downturns in the business cycle, CII should open a window to help firms understand market volatility and empower them with tools so they can prevent misrepresentation and maintain financial health.
very rightly said and I would like to add to that "better pricing strategy", so that such start-u companies don't "front load" prices to make product unaffordable. There has to be a scientific analysis of "break-even points" and "pricing strategy" to be dovetailed with that.