How Byju's Lost $22 Billion in 4 Moves
Chapters
About this video
Discover how Byju's, once India's most valuable edtech startup worth $22 billion, collapsed into insolvency. This documentary breaks down the four fatal decisions that destroyed the company, from a pandemic-driven acquisition spree to a $1.2 billion debt default and governance failures. Chapters: 00:00 In 2022 this company was worth twenty-two billio 00:15 Not a fraud 00:28 What happened to Byju's is more ordinary than fr 00:42 Three questions to hold on to 00:55 Byju Raveendran was a teacher first 01:07 He taught mathematics to enormous rooms of stude 01:21 By 2019 Byju's was the most valuable startup in 01:35 The money behind it was not naive money 01:48 These are institutions with research teams, dili 02:01 Decision one 02:24 Byju's enrolment went vertical 02:37 The decision was not to grow 02:52 Every commitment you are about to hear was sized 03:05 Decision two 03:15 Between 2021 and 2022 Byju's did not build into 03:30 Aakash, a physical coaching chain, for a reporte 03:45 Look at that list again, slowly 04:00 Buying a company takes an afternoon and a wire t 04:15 Aakash is the detail that matters most, and we w 04:29 Decision three 04:40 In late 2021 Byju's raised one point two billion 04:55 Understand the difference, because it is the who 05:10 The loan required audited accounts 05:25 From that moment forward the company was no long 05:38 The lenders eventually moved on Aakash, the phys 05:53 Decision four, and the one that turned a hard ye 06:05 In June 2023 Deloitte resigned as auditor, citin 06:19 On the same day, three board members resigned as 06:33 Understand what that means 06:48 After that there was no auditor and no independe 07:02 What followed was not a collapse so much as a lo 07:14 The investors began writing the value down, and 07:29 There is a separate dispute, still contested in 07:47 And the thing that finally opened the insolvency 08:00 A company that had raised billions was taken int 08:15 So who paid 08:36 Families paid, having been sold long and expensi 08:50 Investors paid, marking twenty-two billion dolla 09:04 Those are the four decisions 09:21 Not one of those four is exotic 09:36 The teaching was real
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