Explore Our Affordable Courses

Click Here

Byju’s Spectacular Meltdown – Reasons

February 24, 2024

Context:

This editorial is based on the news “Byju’s spectacular meltdown” which was published in the Business Standard. Byju’s faces an Enforcement Directorate probe for alleged forex violations.

Byju’s: On a Losing Spree

It follows losses of Rs 4,558 crore on revenues of Rs 2,298 crore in FY21.
- This is a far cry from Byju’s peak valuation of $22 billion in March 2022.

Reasons

Too much focus on Marketing: It sponsored the Indian Premier League and the football World Cup amid cash crunch while neglecting quality of education.
Losing credibility: It did not deliver what it promised, the users have lost years of their lives learning little, while parents have lost hard-earned money and, in many cases, they’re struggling to repay loans.

Also Read: Farmers Protest 2.0: Are Farmers Demands Unjustified?

Must Read
NCERT Notes For UPSC	UPSC Daily Current Affairs
UPSC Blogs	UPSC Daily Editorials
Daily Current Affairs Quiz	Daily Main Answer Writing
UPSC Mains Previous Year Papers	UPSC Test Series 2024

To get PDF version, Please click on "Print PDF" button.

Recent Post
Most Viewed Post

The Third Edit: Sidhu and the Dangerous ‘Citizen Docto...

Return to Action: On Moving Ahead After Baku

Feminist Ideology in India’s Constitutional Discourse

The Constitution Still Thrives, Let it Show India the Way

India’s Alarming ‘Fixed Dose Combination’ ...

India’s Urban Infrastructure Financing, Needs and Real...

India’s Health Care Journey: Progress and Promise | PW...

Patient Safety Rights Charter: A Global Initiative for Safer...

ILO Report On Occupational Safety And Health (OSH)

Outreach to Diaspora and Statesmanship

India and the Artemis Accords

Laying the foundation for a future-ready digital India

/*

*/

Recent Editorial

The Third Edit: Sidhu and the Dangerous ‘Cit...

Return to Action: On Moving Ahead After Baku

Feminist Ideology in India’s Constitutional ...

The Constitution Still Thrives, Let it Show India ...

India’s Alarming ‘Fixed Dose Combinati...

India’s Urban Infrastructure Financing, Need...

Popular current affairs

National Mission on Natural Farming (NMNF)

Phytoplankton (Algae) Bloom

NBFCs Face Funding Challenges as RBI insists on Ri...

RBI and Maldives Monetary Authority Pact on Local ...

Interpretation of ‘Secular’ and ‘...

Arrest Warrant against Israel PM Netanyahu

Our Courses

Our Courses

Need help preparing for UPSC or State PSCs?

Connect with our experts to get free counselling & start preparing

THE MOST
LEARNING PLATFORM

Learn From India's Best Faculty

Subscribe our Newsletter

Sign up now for our exclusive newsletter and be the first to know about our latest Initiatives, Quality Content, and much more.

*Promise! We won't spam you.

Yes! I want to Subscribe.

Contact Details

THE MOST
LEARNING PLATFORM

Learn From India's Best Faculty

Follow Us:

Subscribe our Newsletter

Sign up now for our exclusive newsletter and be the first to know about our latest Initiatives, Quality Content, and much more.

*Promise! We won't spam you.

Yes! I want to Subscribe.

Contact Details

Download Our App