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The man behind the massive ed-tech company Byju's, Byju Raveendran, has gone through a roller coaster of success and failure. He sobbed in April amid a high-profile raid on his company that sparked worries about possible currency crimes. This was a dramatic departure from the year before, when Raveendran's personal fortune shot up to an astounding $30,600 crore rupees ($4.1 billion), a 26 percent increase. But as investors reduced their estimates, the company's fortunes suffered, and Raveendran's name disappeared from the Hurun India wealthy list for 2023.
Byju Raveendran set out on a quest in 2011 that would ultimately change the face of online education in India. Raveendran established Byju's because he is passionate about teaching and wants to make education more interesting and approachable. By employing a distinct methodology that included adaptive learning technologies, his objective was to provide pupils around the nation with customised learning opportunities.
Students and investors alike were soon drawn to Raveendran's creative approaches. Learners responded well to Byju's capacity to customise instruction to meet their requirements, and soon enough, big investors like Sequoia Capital and the Chan Zuckerberg Initiative jumped on board, turning the company into a billion-dollar start-up. Given the great hopes and expectations for the future of online education in India, its valuation surged.
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0:00 Intro
2:53 IHM Australia
3:57 Byjus The Rise
6:57 Acquisitions & Marketing
9:41 Fall Begins
10:49 Aggressive Selling & Credibility Loss
14:31 Financial Troubles
16:37 Indian Startups- What's Happening
17:13 How's Valuation Calculated
21:40 How Startups run on loss
22:55 Let the bubble burst
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