Three crises and a lesson for edtech investors

Byju’s downfall has grim echoes of the fate that once befell Educomp and NIIT. Before hitting the wall, all three charted out aggressive growth plans on the back of investors’ immense faith.

The cloud of uncertainty over edtech startup Byju’s is growing thicker by the day. Once a torchbearer for India’s edtech sector, the company is fighting for survival, its fall from grace fairly sudden, and dramatic. 

It was only two years ago that Byju’s became India’s most valuable startup. Private equity investors couldn’t get enough of it. The company was even considering a public market listing in the US. Today, amid mounting losses, it is embroiled in a legal battle with lenders over a $1.2 billion term loan B it raised in the US in 2021.

However, on Tuesday, a Delaware …


T Surendar

Surendar helps lead the newsroom at The Morning Context as executive editor. Over the years, Surendar has worked in industries from pharmaceuticals to diamonds, as well as a stint as an equity analyst. In his long career as a business journalist, he has led teams at The Times of India, India Today and Fortune India. He was part of the founding team at Forbes India and interned at and published in The Times, London.

Executive Editor