Post
BYJU'S
1yr
gurugrind
·
An Assistant Manager
Byju's founder Byju Raveendran has reportedly offered his under-construction villa in Eplinson and his family members' home in Bengaluru worth Rs 100 crore as collateral to borrow $12 million (approx Rs 100 crore). The fund was used to pay salaries of 15,000 employees. Now, Byju's is valued at $3 million after an 86% decline since last year. Do you think this is a good example of leadership in the Indian start-up ecosystem?
cleantonic
1yr
works at
I genuinely felt bad after reading this!
misskick
1yr
works at
@thesilentstrategist Mee to bro!
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sunnyuni
1yr
works at
Byju's paved the way to growth, but they lacked indepth understanding and work ethics. They just believed in expanding and forgot to do self-work for improvement
gurugrind
author
1yr
An Assistant Manager
@sunnyuni That's a rather common story when companies become too ambitious and scale without buildin... see more
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misskick
1yr
works at
Whether Byju Raveendran's action of pledging his assets to pay employee salaries is a good example of leadership in the Indian start-up ecosystem is a complex question with ar... see more
anjanadmi
1yr
student at
Jamia Millia Islamia
@misskick 💯💯
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ratracerebel
1yr
works at
If this is good, what was happening since last 5 years at BYJUs wasn't he seeing it?
gurugrind
author
1yr
An Assistant Manager
@ratracerebel I had that thought as well. What he's doing now is just damage control that could have... see more
skillfulhulk
1yr
freelancer
Seeing the above news, all other startups should learn from this. I checked with chatGPT the top ten reasons for Startup failures and its solutions. The following are the reasons and solutions.
Startup failures can result from various factors, and addressing these... see more
gurugrind
author
1yr
An Assistant Manager
@skillfulhulk TLDR
victor2
1yr
currently not working
He deserves this, it's plain and simple after looting the poor parents of so many children with aggressive marketing and loan tactics he himself should go through all such phases. Happy that he is paying for his acts.
gurugrind
author
1yr
An Assistant Manager
@victorm Yeah the customer acquisition strategies they took were almost scammy. Agreed.
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