Discover and read the best of Twitter Threads about #byjus

Most recents (10)

🚨🚨#Breaking Image
Byju's files suit challenging loan acceleration, seeks lender Redwood's disqualification…
On Monday, Bloomberg reported that Byju’s plans to make a quarterly interest payment of about $40 million on a loan that has been at the centre of the firm’s financial troubles 👇

Byju’s faces deadline for $40 million payment

Read more at:…
Read 7 tweets
Can we put an end to the #FakeNews that Byju’s is raising $1bn at $22bn valuation!? 😓😓

Break the numbers shared below the headlines, and the beans spill out!

The truth 👇 Image
$1bn is what Byju's is reportedly chasing. Though visibility in the media is all about $950m.

This sum can be broken down into 2 parts 👉
1️⃣ A 3yr $250m convertible debt from Davidson Kempner Capital Management (DKCM) which is not known to invest in startups, but in financially distressed companies against significant equity & big interest rates

Like it bought #Adani bonds when they had crashed after #hindenburg
Read 15 tweets
Byju’s. Ola. Oyo. Swiggy- Why have investors slashed their valuations like crazy? 📛📛

Why should this be taken seriously? And why were they valued so high before?

Here’s why these questions deserve more attention! 👇 Image
Before: $22.5bn
Now (As per Prosus): $5.9bn
Now(BlackRock): $11.5bn
Cut down twice.

👉 @Swiggy
Jan 22: $10.7bn
Now (Invesco): $5.5bn
Cut down twice.

👉 @Olacabs
Before: $7.4bn
Now (Vanguard): $4.8bn
Cut down thrice.

👉 @oyorooms
Before: $10bn
Now (Softbank): $2.7bn
But, why should these be taken seriously?

🔆 SoftBank Group Corp. is $60bn Japanese tech giant operating 2 Vision Funds cumulatively holding startup assets worth ~$130bn
Read 12 tweets
Mar 2019, #BYJUS showcased investors that in FY21, Revenue shall be 5609 Cr and profit be 549 Cr and justified its Val at 16364 Cr

Done Revenue of only 2800 Cr and loss of 4500 Cr in FY21 but now at Valuation of 1,75,606 Cr

Startup Valuation is biggest MLM scam of this century! BYJUs Projection shown in 2019
Every #MLM needs an innovative Product.

So here comes an "An Idea + flamboyant Founders who can Pitch + a legal entity" packaged as a Product wherein an existing investor is expected to recruit new investors at higher valuation.

#BYJUS #startups #sharktankindia
The Investors are more to be blamed for this #MLM

New Age Investors are happy when their money is burnt with no resulting revenue growth because if there is enough revenue; to fund the expense means no need of follow-round

Loss is needed to validate next #Valuation
#BYJUS (3/n)
Read 5 tweets
Series A funding is a level of investment in a start-up that follows seed capital funding.

Essentially, the Series A round is the second stage of startup financing and the first stage of venture capital financing.
Series A funding enables a start-up that has potential but lacks needed cash to expand its operations through hiring, purchasing inventory and equipment, and pursuing other long-term goals.

Series A funding is primarily used to ensure the continued growth of a company.
Read 4 tweets
Following the arrest of Aryan Khan, the 23-year-old son of SRK, the internet has been rife with attacking the actor. Apart from memes, insults, & jokes, the actor's association with the popular education tech company BYJU's has come under the limelight.…
Some experts noted the issue has surely negatively impacted SRK's image, so his endorsements and upcoming movies will suffer. While none of his movies are up for immediate release, some of Khan's brands did face the wrath of netizens. #AryanKhan
Sandeep Goyal, chief mentor of the Indian Institute of Human Brands, said, "While there is a lot of mauling on social media right now, people, in general, have become much more tolerant or acceptable to such 'lifestyle transgressions' of the celebrities."
Read 6 tweets
#WhiteHatJr’s CEO #KaranBajaj quits exactly a year after #Byjus acquired the company…

By @Krittiiii Image
@Krittiiii #KaranBajaj, founder and chief executive officer (CEO) of coding-for-kids startup #WhiteHatJr, has announced his exit from the three-year-old edtech startup.

#Byjus #edtech
@Krittiiii #KaranBajaj, former Discover Network CEO, had founded #WhiteHatJr in 2018. The company started off as a platform that solely focused on live online one-on-one coding classes for kids in preschool to middle school.
Read 4 tweets
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 ₹20.16 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.
Read 7 tweets
Here's why #BYJUS may want to spend a billion dollars on physical coaching centres…

By @SanchDash Image
#India’s 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 #BYJU’S a direct entry into the test preparation market.
Read 5 tweets
What Startup Business can you work on during #COVID19 ?#StartupIndia #TheStartupCA #Founders #Entrepreneurs #Incubation #Acceleration #startupclub #ikoverk

1. Personnel Protective Equipment Eg: Masks , Face Sheild and other equipments for #CoronaWarriors
@startupindia @DIPPGOI
2. Testing Equipment Eg: Cost-effective thermal scanning devices and rapid diagnostic kits

3. Critical- care equipment Eg portable oxygenators and hospital and home-based ventilators

#StartupIndia #TheStartupCA #Founders #Entrepreneurs #startupclub @startupindia @DIPPGOI
4. Large area sanitization and sterilization
Tunnels for sanitisation, electrostatic spray, coating using nanotechnology on surfaces like glass, ceramic, wood, textile

#StartupIndia #TheStartupCA #Founders #Entrepreneurs #startupclub @startupindia @DIPPGOI
Read 14 tweets

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