WHY BYJU'S ACTUALLY FAILED?
Автор: Prabhjot Speaks
Загружено: 2024-07-02
Просмотров: 264475
Описание:
Regarding Byju's failure, Unacademy's co-founder made an interesting point. But is that really the reason Byju's failed? Byju's is currently facing multiple fraud cases, and on June 26, 2024, the Ministry of Corporate Affairs refused to give them a clean chit.
Byju's is also running out of money, and their losses increased by 81 percent in 2022, reaching over 8,000 crore rupees. Because of this, Byju's had to fire 5,000 employees. They did raise $200 million this year.
However, the NCLT has prohibited Byju's from using this money. Upgrad's co-founder Ronnie Screwvala also commented that the entire industry's reputation is being tarnished because of one bad apple.
Meanwhile, Unacademy's co-founder Gaurav Munjal said that Byju's failed because Byju Raveendran never listened to anyone's advice. He emphasized that whether a founder likes the feedback or not, they should always listen and act on it properly.
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