The edtech startup’s four-year journey from ambitious disruptor to shutdown offers crucial lessons on innovation, market realities and the resilience of traditional higher education institutions.
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At the ASU+GSV & Emeritus summit in Gurugram, even as experts rallied behind AI, everyone seems to have forgotten the significant failures in the last five years.
The Bengaluru-based edtech company seems to have flogged its US assets multiple times over the years, putting a question mark on the ownership of the entities that stood guarantee for its $1.2 billion term loan.
Venture capital investors hyped up Byju’s, declared it gold and made millions of dollars. When the hubris surfaced, they washed their hands of it and walked away scot-free.