BYJU'S Story From Glory to Crisis: Trust Lost, Layoffs Escalate | Vantage With Palki Sharma
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- Опубліковано 25 лип 2023
- BYJU'S Story From Glory to Crisis: Trust Lost, Layoffs Escalate | Vantage With Palki Sharma
Byju's, once India's celebrated unicorn in education technology is now facing a severe crisis. The company's valuation is plummeting, layoffs are increasing and legal battles are mounting. A funding squeeze is hitting Indian startups, leading to financial struggles and job losses.
Has Byju's become a cautionary tale for startups in India? How can Byju's crisis affect the Indian startup scene? Palki Sharma decodes.
BYJU's | India | Indian Startups | Layoffs | Business | Byju Raveendran | Firstpost | World News | Vantage | Palki Sharma
#byjus #india #startup #layoffs #byjuraveendran #palkisharma #firstpost #vantageonfirstpost #worldnews
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Why is Byju's imploding?
Click on this link for the full story: ua-cam.com/video/3NuKgNP3PXE/v-deo.html
BYJU started a business based on unethical practices. The marketing team will convince you that your child is a nit wit and will remain so until you pay a hefty sum to buy their package. They would create a panic among the parents and took advantage of their concern about the future of their children. Such a model is not viable or sustainable in the long run. Byju looks inflated because of investor's money. BYJU had tremendous potential but it is a classic case of wrong priorities, too much greed and the blood sucking tendencies of the so called "Education Manager". These Education Managers would reach their sales target by hook or by crook. Such unethical practices could never thrive in India where the growing middle class is so very concerned about education. One day the bubble had to burst and it did. I think the common masses are happy today. Let this lesson be learnt: BE ETHICAL OR YOU WILL HAVE TO MEET WITH THE SAME FATE.
Because they hired sharukh khan 😅
You forget to mention hiring of Shahrukh khan as a brand ambassador
Because it is a greedy unethical business
😊😊😊😊😊😊😊😊😊😊😊😊😊😊😊😊😊😊😊😊😊😊😊😊😊😊😊😊😊😊😊😊😊😊😊😊😊😊😊😊😊😊😊😊😊😊😊😊😊😊😊😊😊😊😊😊😊😊😊😊😊😊😊
I felt a sense of happiness when I heard Byju Ravindran cried. He deserves it for all the things he did to children and their patents.
Never trust a ceo. His bank account would be full..
I feel a sense of disgust -- such personalities can be spotted miles away, and yet nobody noticed? Indians are always blinded by praise, by promises, by money -- they're quick to get giddy over these. Maybe we're missing certain genes for good sense.
And the employees
Btw his family sold 400 million USD worth shares
YJU started a business based on unethical practices. The marketing team will convince you that your child is a nit wit and will remain so until you pay a hefty sum to buy their package. They would create a panic among the parents and took advantage of their concern about the future of their children. Such a model is not viable or sustainable in the long run. Byju looks inflated because of investor's money. BYJU had tremendous potential but it is a classic case of wrong priorities, too much greed and the blood sucking tendencies of the so called "Education Manager". These Education Managers would reach their sales target by hook or by crook. Such unethical practices could never thrive in India where the growing middle class is so very concerned about education. One day the bubble had to burst and it did. I think the common masses are happy today. Let this lesson be learnt: BE ETHICAL OR YOU WILL HAVE TO MEET WITH THE SAME FATE.
He deserves it . He was enjoying when parents were struggling to pay lakhs for byjus.
BUT WHY DO PEOPLE GET FOOLED SO EASILY? IT'S TOO LATE. They are equally to blame.
@@surajm4547 because the NEET and IIT are the main source of catalyst. The politicians suck thief grapevine through this.
Pessi made Varcelona go bankrupt, made PSG from Europe's 5th league to 7th and this wherever pessi goes he brings misf0rtune
@@surajm4547here you are blaming the victims themselves again like many indians always do. Get out of this mindset asap. Get well soon
Who forced them to pay for the tuitions?
Respect for Pradeep Poonia for raising his voice against this company when no one else dared to!
Good luck trying to find any good job. No respectable business will ever hire her.
Right
@@tvm73836 no respectable business will never hire whom?
Clear message from BYJU "Employees dont matter; celebrities do"
BYJU started a business based on unethical practices. The marketing team will convince you that your child is a nit wit and will remain so until you pay a hefty sum to buy their package. They would create a panic among the parents and took advantage of their concern about the future of their children. Such a model is not viable or sustainable in the long run. Byju looks inflated because of investor's money. BYJU had tremendous potential but it is a classic case of wrong priorities, too much greed and the blood sucking tendencies of the so called "Education Manager". These Education Managers would reach their sales target by hook or by crook. Such unethical practices could never thrive in India where the growing middle class is so very concerned about education. One day the bubble had to burst and it did. I think the common masses are happy today. Let this lesson be learnt: BE ETHICAL OR YOU WILL HAVE TO MEET WITH THE SAME FATE.
@@piranha3037I agree. A business can only survive if it is ethical. Otherwise, it will be ruined. Karma got it.
Can we not forget Praddep Poonia who was solo fighting with this scammer when byjus were a billion dollar company?? And still he won !!!!
BYJU started a business based on unethical practices. The marketing team will convince you that your child is a nit wit and will remain so until you pay a hefty sum to buy their package. They would create a panic among the parents and took advantage of their concern about the future of their children. Such a model is not viable or sustainable in the long run. Byju looks inflated because of investor's money. BYJU had tremendous potential but it is a classic case of wrong priorities, too much greed and the blood sucking tendencies of the so called "Education Manager". These Education Managers would reach their sales target by hook or by crook. Such unethical practices could never thrive in India where the growing middle class is so very concerned about education. One day the bubble had to burst and it did. I think the common masses are happy today. Let this lesson be learnt: BE ETHICAL OR YOU WILL HAVE TO MEET WITH THE SAME FATE.
I remember his David vs Goliath war. He was so right about this company, one by one all his predictions came true.
@@piranha3037Yes they came to home they did the same unethical way I had send a mail directly to Byju Ravindran asking for refund or else I would share my ordeal in electronic media he immediately refunded the same time I had mentioned do business ethically and spend money sensibly otherwise you will be out soon and now I am seeing the results
Better late than never! However i still remember how pradip poonia sir single handedly fought with these unethical morons. Kudos to him for standing up for truth 🎉
Who is Pradeep ? Any video available here ?
@@999timepass youtube.com/@poonia3.0
YJU started a business based on unethical practices. The marketing team will convince you that your child is a nit wit and will remain so until you pay a hefty sum to buy their package. They would create a panic among the parents and took advantage of their concern about the future of their children. Such a model is not viable or sustainable in the long run. Byju looks inflated because of investor's money. BYJU had tremendous potential but it is a classic case of wrong priorities, too much greed and the blood sucking tendencies of the so called "Education Manager". These Education Managers would reach their sales target by hook or by crook. Such unethical practices could never thrive in India where the growing middle class is so very concerned about education. One day the bubble had to burst and it did. I think the common masses are happy today. Let this lesson be learnt: BE ETHICAL OR YOU WILL HAVE TO MEET WITH THE SAME FATE.
What a fight Pradeep Ponia gave to BYJU's .....BYJUS even put an defamation on Pradeep
@@avishkard and then revoked it ! MPs have also raised this issue in parliament and that was enough for any company's market value.
Byjus a third class company ….my own experience, which I can’t even say an experience actually, ..I just one day downloaded the app to check the syllabus for 6th/7th standard and simply just browsed for hardly 20 mins and left, but then I started getting calls 4/5 times for next three days continuously asking me indirect questions like what I was looking for and why I selected byjus etc and finally they started to literally pester me for taking up a package (as I take home tuitions) ..I said no politely but they kept calling and almost trying to scare me for not buying any package and losing on opportunities….I had to give harsh words to get the call centre caller stop calling me……..it sounds little with passing of time but was horrible & unpleasant experience for sure, I got so pissed off at byjus and never had ever checked it out again……this incident is almost four/five years back, and see their arrogance & greed is out in open now.
Sorry but strangely I am so happy with this news.
I personally feel that Khan Academy lectures are better than that of Byju's. Moreover Khan Academy is completely free. It is run using donations. I think that's how education should be. Society contributes money to an educational organization and it gives education for free. As far I know about Byju's, their policies are not good. Very aggressive marketing and ambitious fund raising.
their money model relied on EMI/LOAN methods. poor families got trapped in debts because of them.
Education and Healthcare are 2 things that should be socialist, give these basic needs of a man, he will do the rest.
You are right bro but in India education means business.
@@recker6433 Yesss
@@AdamantMindset Yes I heard that they canvas parents for a loan trap.
I worked at byjus for 1.5 months as a bussiness Development trainee. My experience was awful. Extreme toxic work culture.
He deserves it😂
Toxic in what way?
I'm ex employee of Byjus and I worked 1.6 years.. in my opinion work culture was good, maybe because of our team manager.. and we reached target's always on time...
Byjus experiencing loss because of unnecessary lot of advertising, sponsoring Messi ...
Funny how byjus threaten the parents compelling them to pay, when parents and students haven't learn nor benifit anything from it. Worst nightmares is they collaborate with specific bank and when parents deposit any amount they deduct it directly without confirmation. Byjus have looted millions of Indians.
BYJU started a business based on unethical practices. The marketing team will convince you that your child is a nit wit and will remain so until you pay a hefty sum to buy their package. They would create a panic among the parents and took advantage of their concern about the future of their children. Such a model is not viable or sustainable in the long run. Byju looks inflated because of investor's money. BYJU had tremendous potential but it is a classic case of wrong priorities, too much greed and the blood sucking tendencies of the so called "Education Manager". These Education Managers would reach their sales target by hook or by crook. Such unethical practices could never thrive in India where the growing middle class is so very concerned about education. One day the bubble had to burst and it did. I think the common masses are happy today. Let this lesson be learnt: BE ETHICAL OR YOU WILL HAVE TO MEET WITH THE SAME FATE.
What do you mean by threats? What kind of threats? And how can they deduct money from bank without consent, that is not possible. Unless and untill they took a loan from the bank to pay BYJU that is not possible. Can you give more details about what you are saying?
@@vipulgupta sensible question, let us wait for the answer.
I think it is auto debiting he is telling about. But we can cancel auto debiting from the app itself. Right?
@@soorajrv well it's wasn't possible from my students. Parents have face nightmares regarding the issues and even the agents start harassing them. This was during their peak where complaints were ignored.
I, as a person who worked in close association with Byjus and core team, I can assure that byjus is a failed company from the day of its starting itself. It apoiked careers of lakhs of youngsters in the name of heavy packages and spoiled a lot
Hard earned money being pulled out of you for the sake of a crooks survival is really a kick in the stomach. But those fake calle centres pranking Americans and any thief will never understand what damage they're causing.
I helped my daughter at home after she recovered from severe covid, apart from school without any tuition and she got 85℅ in cbse 10th parents have to be the involved in the teaching along with school teachers. You don't need anything else for success just be with your child they will do wonders.
More power to you and your child. Granted that tuitions are of some help to some students, but mostly it is a commerce, tipping into a money making racket.
rulla diya 🥲
Byju's spent more money on marketing than on improving its lessons. There has to be a balance.
Furthermore, there are a lot of free educational materials available on the net. For example, Khan Academy; is run on grants, donations from large companies, and small donors, etc. I think someone should start an educational platform like Khan Academy focusing on Indian students' needs, including lessons in STEM. commerce, arts, and competitive exams. It can be funded by grants, donations by Indian billionaires, and small donors. It will level the playing field.
Khan Academy is based in the west and gets such grants and contributions from western donors primarily. Indian billionaires won't care to donate to such Indian platforms, which won't be well-designed in the first place.
@@manofsanthat's the problem, indians want a miracle that's free and served on a platter to them, but our donation giving capability is completely zero until we have house maids whose kids school fees we help out with.
BYJU started a business based on unethical practices. The marketing team will convince you that your child is a nit wit and will remain so until you pay a hefty sum to buy their package. They would create a panic among the parents and took advantage of their concern about the future of their children. Such a model is not viable or sustainable in the long run. Byju looks inflated because of investor's money. BYJU had tremendous potential but it is a classic case of wrong priorities, too much greed and the blood sucking tendencies of the so called "Education Manager". These Education Managers would reach their sales target by hook or by crook. Such unethical practices could never thrive in India where the growing middle class is so very concerned about education. One day the bubble had to burst and it did. I think the common masses are happy today. Let this lesson be learnt: BE ETHICAL OR YOU WILL HAVE TO MEET WITH THE SAME FATE.
@@stankssmile5865 If they are going to the maid's kid education, the house owner will treat them as slaves. There may be some exceptions.
Why would you need any other platform when each and every topics are available free on UA-cam?
Many UA-cam teachers are best at what they teach.
Journalism at its very best, unbiased and fair reporting.
Making WhiteHat Jr. was their worst mistake. The ads were so misleading that people from all over the world criticised it and trust in Byjus was lost
child from 8 th class will make apps and rocket...bunch of fools bought the ads...
@@kousik8042legendary Wolfe Gupta… 🤣🤣
@@kousik8042not even 8 th class. It was like class 2.
Who cares. I'm just praying for their downfall
Coding for 6 yr kid....what a shame and our big start Roshan was doing publicity for it....
Dude was charging 1 lakh for jee and neet
Physics wallah did it with 10k 😂
Extra 90k celebrities remunerations 😂😂😂😂😂😂😂
Byju's biggest mistake of falling that they signed the contract with MESSI and after that they started falling
Now we see why the CCP came down hard on billion dollars online and private education institutions that enrich these institutions at the cost of the parents who many have taken loans to finance these extra educational lessons. These institutions use hard selling and shaming tactics to pressure students and parents into paying more and more exorbitant fees for dubious quality education.
Byjus itself is mistake. A plague. Good riddance.
I am not surprised with their downfall. Such growth is not possible without internal scams.
What growth?
@@sunilnaidu4141 the growth was mostly inorganic through acquisitions
@@aaquibtayyabi Eggjactly 😂😂. It was an inflated and in a lot of terms an unsustainable business model right from the start. They just overdid promotions and completely overestimated potential earnings. Companies like these are only looking to increase their valuations but have very little to absolutely no idea on becoming profitable. Their spending is far more than their earnings. They don't really have a clear plan, to make all the spending count and stay acquiring a loyal customer base. They usually don't know how to make that transition to cut down spending and increase profits. Since their business model lacks any clear plan to increase profits, every new business acquisition only increases their financial burden, but it doesn't really take them on the path of profitability.
Perfect example of "you reap what you sow"
Everyone hates it when education is turned into a business and the primary purpose of learning is lost.
I'm glad BYJU'S is going down. The working culture is horrible. I know that people are abused verbally in these ed-tech start ups for not achieving sales target.
It's not only in byjus, it's all over India, a people coming from different races and culture are always abused, especially Asians from northeast, they were abused so bad that they were branded with name chinky, so what ever the work culture and verbal abusive, just get used to it. It's part of today's culture in India, northeast people been suffering for far too long. And still it don't stops, so get use to it mate.
I'm ex employee of Byjus and I worked 1.6 years.. in my opinion work culture was good, maybe because of our team manager.. and we reached target's always on time...
Byjus experiencing loss because of unnecessary lot of advertising, sponsoring Messi ...
This is lovely !! I hope the startup space opens up for actual value providing companies
no, because investors will be cautious about such similar ventures in the future
@@manofsanthere is no need for investors companies should be created on profit and should be expanded on profit. we don't need loss making starters
@@DannycageGhostrider - seed capital can help, but investors need to be savvy and wary. If people just blindly put up their money without understanding the risks, and assessing the credibility of those they invest in, then they're putting themselves in danger of disappointments.
The Indian Startup ecosystem is all about providing services, ed-tech, fin-tech, aggregators, shopping, delivery etc. These are not sustainable as their shelf life is short, new players will replace the old ones. We should now seriously look at Product based Startups for example mobile phones, televisions, electronics, automobile etc. Unfortunately right now it is China and Korea who is dominating this space around the world. Instead of assembling, we should look at innovation and creating a product recipe which is indigenous. Lack of access to Finance is a major reason for this.
So are you using lava or Micromax phone?
@@manannaik1341 both Lava and Micromax are just labelled or assembled in India. When will we start truly creating these products indigenously? USA, Japan, China, Korea, Germany, France, Italy etc today have a value in the World Market because they have created products for the World. We have great talent but Enterprise is difficult in our country because access to Finance is very tough.
@@vinayemani2350 you know that the company is Indian… and there is always some parts make in other countries… Americans using Chinese spare parts in their F35…. Wanna count that?
@@manannaik1341 still its far cheaper and accessible if all parts are made domestically. India also has the capacity to make this true as it has a larger populous than china which is accredited for its domestic manufacturing of many components and goods. This helps in allowing indian companies to have a better foundation in market competition both regionally and globally. As for the f 35s, the US is more of a country which focuses on outsourcing manufacturing thus its understandable but on the case of threatening national security by this i cant say...
@@manannaik1341 The technology is from the USA. If there is a problem with China, India will do it but ultimately the USA will benefit from it as it is holding the patent.
2012 Bangalore,, In jyoti nivasa college, 1st time I attended his lecture on Maths tricks and I bet seeing his overall bodylanguage those greed filled eyes for money, somewhat made me uncomfortable and left the lecture midway. All these years I was doubting myself seeing this wasteful propaganda ... Now this news.. Man I bet trust your instincts... This all is scam..
Nourish your intuitive skills. It is a boon.
Lol. I remember attending the lecture as well in JNC
I felt so happy hearing the news that Byjus cried. This mc deserves this, he laid off many employees without their mistakes.
Before parents and students cried now byju. Good news..
Indian technology companies belive in sales and managerial people rather quality of product who developed it. No indian product have quality rather than shiny words. That will be vanished when time arrives.
Finally this is happening ... im happy the truth is out...
A year ago this same news anchor was praising the start up culture in India. She even said that it is a good time to be an entrepreneur. The only difference is that time she was on Wion.
What was the necessity to hire messy or srk?
Neither of them has a background nor relation to STEM, which is the area BYJUs operates in.
Absolutely good question
to once to fall indian backchodi parents into traps beyond salaries...🤣😂
#Hindu Santana Sanskrit 😍🚩🏹🔱
Because a large chunk of fools in our nation worship messi & sharukh khan.
Ahhh!!! Not to worry. I am sure Wolf Gupta would be able to payoff Byju's debt all by himself....😂😂
He made hundreds of parents suffer and cry. Karma!
Byju’s deserve this, it was treating its employees as trash.
I'm one among those 2500 Byjuites who were fired in October 2022 from Banglore office..they made me work from 10 a.m to next day 5 a.m without break..my whole team did so for a week without complaining. Still they fired us..our entire floor without even giving enough compensation and playing dirty corporate game. In their very first layoff, they fired an entire floor of employees & after that convinced each every team that this won't be repeated for coming years..& in the next layoff they fired all.
That's appalling behaviour. I'm sorry to hear that
I always feel bad when some company shuts down because it gives huge unemployment to its workers but i don't know why i am feeling happy in this case😂.
Byju's was bound to fail. They had no innovative product/value, only aggressive marketing and sponsorships, cheating customers, harassing employees etc. What else could have happened to Byju's?
Not even a single renowned educational institution across the world use celebraties for promoting their brand rather they use their own student achievers and successful alumni... Byjus was doomed to fail
Palki, these are shocking revelations indeed. It looks like curtains for this organization
Failure of BYJUs is a win for India
I remember one these sales fools telling my brother to drop his 9LPA package and prepare for GATE and went as far as promising a 15+LPA package if he enrolls. He replied “theek h sir, m taiyaari kr lunga and 2 saal or pdh lunga. Meri family ka kharcha aap uthaoge?”
They never had focus on education. They were money minded company. They were bound to fail. One of the sales person came to our home in name of "Evaluating my kids". He said they are good, and was forcing me to pay 3 years of fees upfront.
That sounds very stupid, why would I pay for three year upfront without trying the services. I asked him multiple times if he had monthly plan, where I pay only until I like the services. He declined. I refused to signup for this service.
It saddened me to see that many parents fell for the this trap, and spent hard earned money on this scam.
TIP: Its important to think of bright future for kids, but do not blindly put your faith and money in anything that comes with an ad.
❤
Byju go to villages of our nation.teach children with service and dedication.🙏
The reason why the Funding has dried up for Indian Startups is that the investors lost confidence in them. The leaders treated their business as Valuation game rather than Value. The preoccupation of the founders and early investors has been to build their personal wealth using VC or Public money. The rules of a sustainable organisation has been thrown to winds.
Curse of thousands of parent's😠
This is why instead of Radical growth focus on concrete growth in the long run..
In the name of counselling they put so much of pressure over me to enrol my ward.. somehow I wasn't convinced with their teaching methodology and didn't budge to their pressure tactics. The sales staff got annoyed and he said that I cannot afford them. Good that I couldn't afford their service
The common casualties in a company financial and managnent crisis are the employees and suppliers.
I believe in god so strongly that i was about sigup for 1.8 L for my kids education , upon so many payment errors i finally decided to drop and this must be the gods unwillingness in this . Thankyou God
Indeed God Saved You.....
The curses of tortured employees, brain washed customers would certainly finish this company. Its a shame😊
Very happy to see this 🥰
Palki : The Great Fall of India Startup...!!! 😋😜😁
The primary reason is , everyone realized getting 100% marks is not a big deal. Like everyone gets it today and higher secondary students finding it hard to get seats too. Also this education is useless with sin and cos, students are giving up common sense for education. Also, iam glad that BYJUS did not list for IPO , Lot of indians finance would have been broken.
Over-confidence, rashness in expanding and capturing the market through acquisitions and an over-blown self-esteem generated by his initial success - all led to his fall. He bit more than he could chew ! I had also purchased his product for my daughter. At that time ( about four years back), it cost me Rs.70,000 including the cost of a 7 inches tablet. But later I found that as my daughter got promoted Baiju's have to provide a secret code to open the videos for the new class. At the same time, the videos for the previous class will get blocked and will never be able to be accessed! By the time, my daughter has passed out of 10th Standard, there will be nothing left of the study material ! I wish they have disclosed this before hand. In that case, I would not have purchased it. I would have spent the money for purchasing Encyclopedia Britannica which would have been worth the investment as we could use it for eternity!
Let him cry and he deserves it. He and his marketing team tortured many parents, left them with no choice but pay lakhs of rupees. Its the worst company ever.
Good. They were responsible for turning eduction a business. It hit hard on middle class and poor people with sky-high fees.
They have given my son an unlocked tab and he has been misusing it since beginning.I couldn't get it locked.They even don't know how to lock it .I requested them several times but they are not doing it.
Why are we criticising so much when someone at least went ahead and tried by this we are making sure no one even dares to try out side the box. If he has done anything wrong than govt officials are there to take decision. Why palki is passing the judgement and why making everything in this tone?
Finally The Byjus story ends ...!! The Karma is a Boomerang
Well done, something unbiased on the home front. You are getting there.
With excess money flow, valuation process relies more on selling future funding rounds vs. Selling future cash flow. Founders’ flamboyance is another reason of such crisis- a moment of truth to test the reckoning.
They need to be punished for those annoying ads that kept repeating.
I am not a sadist, but I am glad that the start-up bubble is bursting. We have seen attrition in 2021 with people getting 5X offers from Start-Ups with no products, but only a brand name and ideas floating in the market. A niche is unique, but so is the market for the niche.
The basic objective of business needs to be generating revenue, profit, and positive cash flows from products and services and not on-paper valuation. Somewhere Start-Ups have forgotten this.
They don't want to do business like genuine person. He might be having billions of dollars in his account. Who cares. When the investors themselves have left the company, now who is there to ask him.
I want all the entrance and tuition centres to fall off like this.
I have attended one demo class by Byju himself for CAT training. What i felt is he is a very good teacher, with unique technique for problems solving . Creating institution in India is extremely difficult, he may have lost it there.
He lost control of his organisation...he hired the wrong people for management and everything went to hell... aggressive sales, inhuman attitude towards employees, focusing more on the brand name rather than quality it provided, unnecessary advertisement expenditure, wrong choice of auditors at the initial stages.. everything was a blunder
@@brewieworld5239this!
Byjus is nothing but a robber🙂... Personal experience
Computer education centre, insurance companies, start ups.
Last 20 yrs these bubbles have burst.
What positive effects a super star football player would bring in education tech company? Company should hire a scientist as an ambassador.
It was quite obvious that BYJU's was bound to fail. As an education company you need to provide value to students in ethical way, BYJU's used many unethical ways. It is not a generic trend about startups, but just one unethical company is getting to the knees as law of Karma haunts every one.
💯 true
Well said, Byju's, Vedantu, Unacademy all follow unethical practices....they all should go into drain.
He's crying now, but enjoyed the lavish lifestyle for the past 2 to 3 years.
So, no gain no loss 🤷🏻♂️
Byju's getting back what he did to numerous parents.
I don't know why but I am extremely happy.
Bad loans, cooking up books. Deloitte highlighted this 2 quarters back.
Tears 😢
cant see
Company worked as a marketing company rather than an edutech company. Only intention was to sell their products by using any methods possible.
Greed is a bottomless pit.
This could me the first major one. More similar startups to follow this route
It's ppl s curse and nothing else. Includes both employees and parents. His sponsorship was his end😂
This will impact India's growth too. Foreign investors will lose trust in India due to some bad startups and Indian investors don't burn their cash much. And we are back to square one again.
Shoutout to Pradeep Punia😊
Bravo Pradip Poonia .
I got placed in this company but I didn't join because I personally didn't like the idea of being in sales. This was 6.5 years ago. One of my best decisions.
Only Top Companies will survive... Govt need to protect innovative companies... Govt. need to rate on the basis of finance capabilities.
.
The physics wallah ad in the beginning of this video tho🔥
Byjus sent goondas against people who complained....he was trying to grow big without putting roots down...
Don’t call it a startup, it was a scam n scams don’t last for long.
They signed MESSI and got into the MESS😂😂
Wow, never thought i will see the day when this YT channel will do a negative story about an Indian company, or any thing Indian 🤔. It always promotes everything Indian in a positive light. I guess there is a first time for everything 😉 😀.
I still remember the mental torture from their call centers playing with my mind.
Over perceived growth than reality. But it is really bad that we are loosing a big company which could have been a real gem if done properly.
The present state of Byjus was clearly speculated by many in tech sectors. What is that USP / IP impressed those investors? What happened Indian government compliances? Were they not filing their returns ?
This happens when a job minded person started business with the help of funding.
They have poor management skill and poor planning ,they spend money in non-sense work like byjus spend on branding(give money to messi,shahrukh khan
If they spend this money on good teachers and open offline center the story may be different.
India need more business minded person who started business from ground level.
Reading, & writing naturally is good for brain development. 🙏
Well deserved 🎉
Byjus was hiding the company's profits in other offshore banks outside India, like many startups. And during losses he was trying to take loans and was firing too many employees. So it is evident that the focus is on sucking cash and many startups are doing that, like they create a hype with a new product and then investors would dump and raise the value and then once there is loss due to product failure, then investors would withdraw ASAP. This is a recurring situation all over the world and now in India it is extremely popular. The Indian middle class educated society should be matured and smart, but unfortunately the society is still arrogant, selfish (caste based racism to some extent), dumb and are not well informed about the current truth and crisis around the world.
I always had serious suspicion about BYJU. The way they were splurging money on various sponsorship despite being in education sector was itself a big red flag.
Bangalore is not the IT capital now, it has become the capital for every Tom, Dick and Harry to start a startup and burn mind boggling amount of cash.
Every son of a bitch, in short
Byjus is going to be the Micromax of edtech
similar case happened to NIIT, though they survived for many years because they had no competitors then and the IT industry in India was in it infancy so they could run but their greed and no planning for sustained growth lead to their fall and now Buju's, their greed for fast growth without sustainable growth plan brought them down. I attended one of his (ravindran) presentation way back in 2015 and realized his greedy attitude and was sure of his fast fall
Byjus has a pathetic work culture. They basically treat their sales employees like animals. Byjus gave a new meaning to modern slavery. if byjus operated like that in western countries, .. they would be sued and made to apologies and would have paid a lot in damages. not to mention how parents are forced to pay and how they trap parents who just wants the best for their child. byjus got what it deserves. Byjus pissed of many people in India starting from employees to end customers.
Had the company invested more on their employees, who were generating funds for them, instead of investing on dumb people like Shahrukh Khan and clan and other sky high celebrities who were sucking up the funds in LARGE amounts - the company could have still been on the A list chart today. A HUGE lesson for other companies to learn where their focus should be
Next Dawood Ibrahims will invest in byjus!
Making Sharukh Khan as the Brand ambassador doomed them to Oblivion