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!
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!
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
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)
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)
In #StockMarket, if you do not perform, it is reflected in your crashing stock prices
Startups are also Pvt Limited Companies although not listed but how often do you come across Startups doing a down round if they fail to achieve the Projected Revenue shown to investors
#BYJUs
Startups are also Pvt Limited Companies although not listed but how often do you come across Startups doing a down round if they fail to achieve the Projected Revenue shown to investors
#BYJUs
I have come across multiple Startups who are brokers and who show the total transaction value as ARR on which brokerage earned is 8% and raise fund at Valuation of 12 times the ARR.
Really insane!
#startups #SharkTank
Really insane!
#startups #SharkTank
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