Once celebrated as India’s most valuable startup, Byju’s has entered a dramatic phase of financial collapse. Amid bankruptcy proceedings in a Delaware court, the edtech giant has sold two of its high-profile U.S. acquisitions: Epic! and Tynker, for a combined $97.2 million (Rs. 831 Crores), a fraction of the nearly $700 million (Rs. 5987 Crores) it originally paid. These distressed sales mark a sharp turn from Byju’s pandemic-fueled expansion to its present-day disintegration.
From Unicorn to Fire Sale: The Decline of Byju’s Global Ambitions
Byju’s, the Bengaluru-based edtech titan, once valued at $22 billion (Rs. 1,88,164 Crores), is unravelling at a stunning pace. The company’s global buying spree, which peaked during the…
