Byju’s controversies: The troubles hurting India’s biggest edtech company

Byju’s, once India’s most successful edtech startup, is in financial crisis. Its US entity has filed for bankruptcy proceedings. Byju’s is struggling to pay the salaries of its employees and using layoffs as a method to cut its costs.

But how did Byju’s fall from the grace that it once enjoyed with the valuation peaking at $22 billion. Explained:

What is the problem with Byju’s?

Byju’s valuation has dropped to nearly 10% of its all-time high of $22 billion.

The company is also facing a standoff from its investors who want changes in the managerial structure and even Byju Raveendran, the company’s founder, removed from the post of chief executive officer (CEO).