BYJU'S in Big Trouble 😮

BYJU'S in Big Trouble 😮

The company has defaulted on paying interest on a $1.2 Billion loan it took back in 2021.

It was a term loan where BYJU'S had to make payments periodically and had some terms and conditions like BYJU'S had to file its financial numbers on time.

BYJU'S couldn't do it for FY-22, and so the lenders asked the company to pay back immediately after which BYJU'S took them to court.

Currently, the case is going on, and BYJU'S is trying to turn it's luck around by taking Aakash public next year and raising $1 Billion.

#byjus #vc #marketing #business #money #startup #entrepreneurship #company #enterprise #indianstartups #india #funding #unicorn #investing #founder #wealth #motivation #businessideas #success

[whitefeather]

At first byjus was a normal online tuition center and now it's money parasite

[presidentofrepublicofmoai]

"Byjus is in big trouble"

Always was 😂

[braineaterzombie]

Inorganic growth. Harrassing customers to buy their courses, fake advertisement, byju had it coming.

[soumithv]

Karma always hits back harder,
business practices should not be intimidating and terrorising, but byjus took a crooked way to expand into the market.

[vanshupadhyay]

So basically Byju's is a failure and now they are relying on Aakash so that they can somehow recover

[Injurdis]

Byjus is in big trouble, since when not 😂

[b.o.t]

So basically they plan to rob investors to pay loan people

[Top_music_oficial]

Byjus was built on middle class people dream and pain

[ashutoshprajapati]

Ah yes failing startups my favourite type of content.

[XAE]

So now they want public money to pay back their loan.

[SimsyHazel]

This will probably be the first and last time I felt bad for the lenders to give this damned company money 😅

[kausikhira]

Now Aakash is in big trouble😂

Haath nahi milana thaa bhai Byjus k sath

[vikashtjha]

A coaching classes IPO worth 1Billion, RIP investors

[friendlyneighborhoodshinigami]

byjus calling others predatory is the most ironic thing ever

[adityashukla]

So... After fooling those investors they are now trying to fool retail investors by going public. Stay alert people. 😂

[Phoenix-gdxw]

People should steer clear of the IPO. It's taking money out of one pocket and putting in another.

[hemanthvarupupla]

When you join any byjus Season, they call us util we take thier classes.

[rahultable]

A predator is calling others preadator

[ryan_singh]

Not reporting financial number is the worst case of corporate governance. That is why Deloitte Resigned as their auditors

[indianpc]

I hope byjus becomes a Model of Laughing stock and a lesson for any others Online teaching platform so they don't exploit the hard earned money of parents and really give students quality education rather than spending money on catchy promotion videos, advertisement..etc