EdTech Giant Byju's on Brink of Shutdown?

India's once-celebrated online learning platform BYJU'S faces a potential total collapse due to ongoing insolvency proceedings. This could mean thousands of job losses and a major setback for the EdTech industry.🙄But is this the end of Byju's dominance, or can they bounce back? Let's talk in the comments!

stylishjasmine

7mo

works at

TCS

From the First indian ed start up to become a unicorn to bankruptcy,quite a downfall.🫤

plentycheeku

7mo

works at

Zomato

I just feel sad for those who paid tons for it. I know few people who did and some even paid more than 50k for it. And their period is still on going🤧🫤

greatking

7mo

A Team Lead

Oh it gets way worse, apparently Byju's was locked out of many Tuition centres as they didn't pay their rent FOR MONTHS. That means the parents who had already paid for offline tuition are now in line asking for refunds from a company that basically bankrupt.

misskick

7mo

works at

Reliance Industries

The only silver lining from this entire fiasco is that people are now much more aware of the scams. Byjus materials were not necessarily bad but the way they pushed gullible poor families to buy their course using back breaking loans is something I'm definitely against even as a supporter of capitalism

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sevenpepper

7mo

student at

IIT Madras

Feeling sad for employees, parents and students but man that feels good hype train is finally over. Hopefully for good.

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