Discover and read the best of Twitter Threads about #byju
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šØWelcome to a new edition of #FullStack by @samidhas, a place where youāll find unfiltered commentary on all things technology. Read on š
#Edtech major #Byju's is faced with a trifecta of issues. There is the $1.2 billion TLB (term loan B), delayed audited results, and an equity funding round which has been in the works for months now
On Tuesday, #Byjuās defaulted on interest payment of $40 million for its term loan. That was not all, the beleaguered edtech firm said it is suing hedge fund Redwood, one of its lenders.
economictimes.indiatimes.com/tech/technologā¦
economictimes.indiatimes.com/tech/technologā¦
Insider Bullet Train: The News You Shouldn't Miss!
(31-05-2023)
š#WhatsApp To Talk Business Now!
šAnother Round of Valuation Tumble for Indian #unicorns
Watch this thread for today's updates! š§µā¬ļø
(1/5)
(31-05-2023)
š#WhatsApp To Talk Business Now!
šAnother Round of Valuation Tumble for Indian #unicorns
Watch this thread for today's updates! š§µā¬ļø
(1/5)
ā”ļø WhatsApp To Talk Business Now!
WhatsApp is starting to monetise its Business platform with a new pricing policy. Based on the nature of communication, #WhatsAppBusiness will charge ā¹0.3082 for utility messages and ā¹0.7265 for marketing messages from June 1st.
(2/5)
WhatsApp is starting to monetise its Business platform with a new pricing policy. Based on the nature of communication, #WhatsAppBusiness will charge ā¹0.3082 for utility messages and ā¹0.7265 for marketing messages from June 1st.
(2/5)
This news has hit small and medium #businesses as they rely most on the medium to carry on their operations.
Many seem reluctant to continue their operations as usual with WhatsApp Business, whereas others think it is a necessity for their operations.
(3/5)
Many seem reluctant to continue their operations as usual with WhatsApp Business, whereas others think it is a necessity for their operations.
(3/5)
2023 will be the year of layoffsā¦
Here's how you can improve your child's marks without paying for coaching classes , tuitions, or for apps like #Byju's, #Unacademy or #Vedantu
These are world-class free online resources that help your child become a self-directed learner. Explore them at home with her please
These are world-class free online resources that help your child become a self-directed learner. Explore them at home with her please
diksha.gov.in
You can find a treasure-house of textbooks and educational content from the Govt of India here. Many of them are in Indian regional languages !
This is where you should start so you know what's happening in your child's school
You can find a treasure-house of textbooks and educational content from the Govt of India here. Many of them are in Indian regional languages !
This is where you should start so you know what's happening in your child's school
magnetbrains.com
This is completely free - and is mapped to the Indian syllabus. It's in Hindi and English , and very comprehensive !
This is completely free - and is mapped to the Indian syllabus. It's in Hindi and English , and very comprehensive !
Byju's - A disaster waiting to happen.
#Byju's revenue fell 14% YoY to Rs 2,428 crore on a consolidated basis, down from Rs 2,704 crore the previous year, according to the FY21 results. Byju's reported a Rs 4,500 crore loss in FY21, nearly 17 times the Rs 262 crore loss in FY20.
#Byju's revenue fell 14% YoY to Rs 2,428 crore on a consolidated basis, down from Rs 2,704 crore the previous year, according to the FY21 results. Byju's reported a Rs 4,500 crore loss in FY21, nearly 17 times the Rs 262 crore loss in FY20.
According to Byju, due to a change in accounting practices, a significant increase in business was not reflected in the revenue figure, and nearly 40% of the revenue was deferred to subsequent years.
Even though Byju's is a privately held company, its financial results got more attention because Deloitte seemed to have taken a long time to sign off on them. Deloitte had some concerns about how Byju's was counting its income,
The biggest problem with #Edtech startups like #Byju's and #Vedantu is they focus on tech rather than teaching !
Teachers >> Tech Thread š§µ
Teachers >> Tech Thread š§µ
Thankfully, they are gradually recognising the importance of the human touch, which is why so many of them have started adding teachers ( AKA coaches and mentors ) to their online training programs .
The problem is that most of the " teachers " employed by these EduTech startups are treated as widgets , who are trained to do their job in a mechanical , detached fashion , in order to earn their salary , rather than because they care about their students !
Are #Startup valuation any way justified?
Closing price of #Zomato on #BSE today was Rs. 132.60 at this price, Market cap of Zomato (Total valuation of Company) is at Rs. 1,04,027 Crores. Which means #Zomato is already in top 50 Companies of India market cap wise (1/n)
Closing price of #Zomato on #BSE today was Rs. 132.60 at this price, Market cap of Zomato (Total valuation of Company) is at Rs. 1,04,027 Crores. Which means #Zomato is already in top 50 Companies of India market cap wise (1/n)
#GodrejConsumer which was listed on 18-06-2001 and having a track record of giving constant profit for atleast 10 years (screener.in/company/GODREJā¦) is valued just below #Zomato. despite comparatively much stronger performance and track record of Profit and Dividend (2/n)
On the other hand #Zomato has accumulated loss of 56,00,30,00,000 INR (Source: Zomato RHP - in INR Million) as on 31/3/21 and still it is valued at such a higher price. Zomato is valued higher than #TataMotors #Britannia #BergerPaints to name few (3/n)
moneycontrol.com/stocks/marketiā¦
moneycontrol.com/stocks/marketiā¦
This is slowly becoming like a bubble. It will break once #Byju goes public in India. This company is trying to grow in an inorganic manner. Its revenue was ā¹20.16 crores in FY19. For a company that's valued in $Billions, the revenue is just a trickle.
#Byju claims that they have added 13.5 million customers but they have not provided the split of paid accounts vs free accounts. As per Fintrackr, its total expenses had grown 2.6X from Rs 537.4 crore in FY18 to Rs 1,376.5 crore in FY19.
#Byjus advertising and promotion accounted for about 1/3rd of its expenses. They have not provided any expenses/revenue details on their paid courses. Any guesses as to where their primary revenue comes from ??
It's from the sale of Tablets and course materials.
It's from the sale of Tablets and course materials.
WTF is wrong with @BYJUS?
I got a call from one of my Relative, The Sales guy pitched her wife to get the kid enrolled for some 'Home Learning Plan'
She said the boy is getting a ā¹30k scholarship so they need to pay only ā¹5000 in Bank and ā¹25k in EMIs.
#EdTech Thread ā¬ļø
I got a call from one of my Relative, The Sales guy pitched her wife to get the kid enrolled for some 'Home Learning Plan'
She said the boy is getting a ā¹30k scholarship so they need to pay only ā¹5000 in Bank and ā¹25k in EMIs.
#EdTech Thread ā¬ļø
He said this scholarship is only valid till tomorrow and you need to pay the fee by today. The Tablet will be delivered within 7 days and if you aren't happy you can return it within 15 days.
So here the game begins - They asked for
Aadhar Card
PAN Card
Bank Passbook Copy
So here the game begins - They asked for
Aadhar Card
PAN Card
Bank Passbook Copy
They want PAN Card for Loan/CIBIL related inquiries, Bank Details for EMI Deductions, and Aadhar Card for signing the eNACH.
Finally, ask the customer for Aadhar OTP and sign the auto-debit on the customer's behalf. Parents wouldnāt even realize how their PAN/Aadhar got used.
Finally, ask the customer for Aadhar OTP and sign the auto-debit on the customer's behalf. Parents wouldnāt even realize how their PAN/Aadhar got used.
#ICYMI | Indiaās education sector is poised to grow from the current $117 billion to $225 billion by FY25.
Hereās how just one day in Indiaās edtech sector panned out.
businessinsider.in/business/startā¦
By @SanchDash
Hereās how just one day in Indiaās edtech sector panned out.
businessinsider.in/business/startā¦
By @SanchDash
@SanchDash India is home to the worldās most valued #edtech startup and has a burgeoning list of unicorns from the sector. Even Indian venture capitalists believe that itās a sector to watch out for in 2021.
@SanchDash And if that were not enough, the worldās richest man #JeffBezos is eyeing the edtech segment in India, apart from his already bullish e-commerce giant #Amazon.
#edtech
#edtech
Here's why #BYJUS may want to spend a billion dollars on physical coaching centres
businessinsider.in/business/startā¦
By @SanchDash
businessinsider.in/business/startā¦
By @SanchDash
#Indiaās edtech unicorn #BYJU's is reportedly set to acquire the brick and mortar preparatory services institute Aakash Educational Services for a whopping $1 billion. If the deal goes through, it will become one of the biggest #edtech deals in the world.
Aakash Educational Services runs over 200 coaching institutes across the country and has a student count of more than 2,50,000, which would give #BYJUāS a direct entry into the test preparation market.
#EdTech | From #BYJUāS to #Unacademy ā competition in Indiaās fast-rising online education sector - by @sanchdash
@unacademy @BYJUS @vedantu_learn #Eruditus
businessinsider.in/business/startā¦
@unacademy @BYJUS @vedantu_learn #Eruditus
businessinsider.in/business/startā¦
The opportunity in Indian #EdTech is huge and the top edtech startups are all vying for the same pie. In 2020 alone, Indiaās edtech startups have raised over $1.5 billion which is just as much as the startups had raised in the past five years put together.
@unacademy
@unacademy
According to a Redseer report, Indiaās #EdTech startups had raised $1.6 billion between 2014-2019. Here's a look at the valuations of India's fast-rising #onlinelearning sector.
@BYJUS @unacademy @vedantu_learn #Eruditus
@BYJUS @unacademy @vedantu_learn #Eruditus
#Justin | Fantasy sports platform @Dream11 wins IPL title sponsorship rights with a bid of Rs 222 crore: IPL Chairman Brijesh Patel to news agency PTI
#IPL2020 #indianpremierleague
#IPL2020 #indianpremierleague
@Dream11 .@Dream11 wins #IPL2020 sponsorship ā Indiaās first gaming unicorn bags the rights for ā¹250 crore - by @SanchDash
businessinsider.in/india/news/dreā¦
#ipl2020schedule #indianpremierleague @IPL @BCCI
businessinsider.in/india/news/dreā¦
#ipl2020schedule #indianpremierleague @IPL @BCCI
Indiaās first gaming unicorn @Dream11 bags #IPL sponsorship for ā¹250 crore.
#Dream11 #ipl2020schedule #indianpremierleague @IPL @BCCI
#Dream11 #ipl2020schedule #indianpremierleague @IPL @BCCI
Yesterday I wanted to buy a #OnePlus 8Pro but I stopped because it's made in #China. So I changed my opinion and searched for #iPhone, sadly 80% of iPhones are made in Chinaā¹ļø Finally I decided to open #Flipkart to search for other mobiles but flipkart is funded by Chinese š¤š
I was extremely disappointed and thought of eating some delicious food š“šš for that I opened #Zomato and #Swiggy irony is that both are funded by Chinese firms. Finally I decided to order some snacks from #Bigbasket, this is also funded by china. šš„µš
