Byju's: The Teacher Who Got Schooled
The Morning Brief
00:00
The Importance of Venture Debt
Bijus has faced multiple write downs from its 22 billion dollar valuation down to the latest cut to merely 5.1 billion dollars by process. Salman brings up a street view that invokes some silver lining. Excessive backing and blind faith till now have backed Bijus back into unjust valuations but can it bring them back from the brink of a debt trap? One thing for this chapter is definitely going to be hard to relay to senior management because they still work under his guidance so it's not really a good decision to ask him to step down.
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