What went wrong with Byju’s? | Perspective Ep.11 | Faye D'Souza

India’s blue-eyed startup Byju’s that was once valued a whopping $22 billion has now slashed its own valuation by 99%! What happened to a once flourishing startup that was a darling of investors during the pandemic? From angry parents, to angry investors to angry creditors and angry employees. What went so catastrophically wrong?

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00:07 - The success story
01:05 - Where did Byju Raveendran come from?
02:24 - The dream run between 2015 to 2021
02:56 - The Zuckerberg investment
03:24 - $10 billion valuation milestone
04:09 - Pandemic advantage
04:59 - A lavish marketing spend
06:12 - Byju’s buying spree
06:52 - A massive $1.2 billion loan
07:46 - The start of the downfall
07:52 - The angry parents
09:55 - The angry investors
10:54 - Dwindling revenues
11:55 - Bleeding assets
12:36 - An angry BCCI
13:03 - The angry creditors
14:09 -  The angry employees
14:36 - Byju’s begins selling assets
14:56 - ED eyes Raveendran
15:41 - The founder takes a loan on his house
16:04 - Investors seek to remove the founder from board

Producer: Subhankar Singh Samanta
Researcher: Sara Varghese
Video Editor: Subhankar Singh Samanta

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