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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
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UPSC Mains Previous Year Papers UPSC Test Series 2024

 

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 Final Result – CIVIL SERVICES EXAMINATION, 2023.   Udaan-Prelims Wallah ( Static ) booklets 2024 released both in english and hindi : Download from Here!     Download UPSC Mains 2023 Question Papers PDF  Free Initiative links -1) Download Prahaar 3.0 for Mains Current Affairs PDF both in English and Hindi 2) Daily Main Answer Writing  , 3) Daily Current Affairs , Editorial Analysis and quiz ,  4) PDF Downloads  UPSC Prelims 2023 Trend Analysis cut-off and answer key
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