Sign in
Stories
Byju's Valuation Plummets, Founder's Net Worth Slides
Share
BYJU's Seeks Arbitration for Payment Dis...
Byju's Founder: Financial Rise to Fall
Byju’s Forex Accusations
Byju's: Education Turned into a Sales Ma...
Overview
API
Byju's, the Indian edtech firm, faces a significant valuation drop, with its parent company estimating founder Raveendran's net worth at $100 million, down from $3.6 billion. The company is dealing with challenges like layoffs, losses, and a government probe. However, it reported doubled revenue and narrowed losses for fiscal 2022. The Directorate of Enforcement issued show cause notices for foreign exchange law violations, and Byju's received investments and set up an advisory council.
Ask a question
How might Byju's valuation drop impact the broader edtech industry and investor confidence?
In what ways can Byju's navigate the legal tangle over a loan and the government probe, and what implications might this have for the company's future?
What measures can Byju's take to address the challenges it is currently facing and restore investor trust?
Article Frequency
0.2
0.4
0.6
0.8
1.0
Sep 2023
Oct 2023
Nov 2023
Coverage