Byju's ousted CEO clings to control of fallen startup
Shareholders' vote to oust edtech founder Byju Raveendran caps a remarkable fall for the former billionaire whose startup was once India's most valuable.
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Shareholders' vote to oust edtech founder Byju Raveendran caps a remarkable fall for the former billionaire whose startup was once India's most valuable.
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The company’s valuation slumped from $22 billion to $1 billion between March 2022 and January 2024.
Pradip K Saha identifies the problems within the ed-tech sector and reveals how businesses are run and funded.
Would Byju’s have had a less glamorous but more stable run as a nonprofit like Khan Academy? Raveendran was in too much of a hurry to find out. The founder and his VC backers chose blistering growth over social relevance and have ended up in the deep hole they are in now