Byjus Crisis Real Reasons - Shareholders FIRED Byju Raveendran? | Byjus EGM | Byjus News
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Byjus latest news about Byjus EGM where Byjus shareholders decided to fire Byjus CEO Byju Ravindran has been making rounds all over the business news headlines. This latest Byjus news has raised a lot of questions, not only about the Byjus crisis or the downfall of Byjus but also about the future of Ed-Tech industry in India. These questions are not easy to answer unelss we understand what really happened at Byjus.
The Byju Raveendran fired news has made everyone question the Byjus success story. The Byjus financial crisis was a big news just some days ago and now this new piece of news had made things worse for the erstwhile Byjus founder. We earlier heard about the Byjus lookout notice, and also about the the Byjus ED (Byjus Enforcement Directorate) issues relating to the Byjus financial crisis.
The Byjus current affairs do not present a good picture for India’s biggest ed-tech startup. Byjus startup success is now overshadowed by the Byjus crisis news as well as the news of Byjus founder fired after the Byjus EGM. Byjus share news has been dismal over the last few months as the valuation of the company has been plummeting constantly. In this video, I did a Byjus news analysis trying to explain what is happening at Byjus.
Byjus news latest updates have shocked everybody, mostly the people associated with the Ed-Tech industry or Ed-Tech startup scene. We earlier heard news about Byjus founder crying or Byjus founder breaking down, these news pieces were not verified but today this latest news of Byjus Raveendran being fired must’ve put the Byjus founder a lot of stress which he earlier may have tried to avoid.
The decision taken in the Byjus EGM is currently under scrutiny by the respected courts, however we can see a lot more drama at Byjus in the coming weeks. The core question here is about the nature of education and what problem exactly Byjus was trying to solve. The answer to this question lies in the fact that in my opinion, education is highly personalized and we cannot commoditize education without compromising on the end-goals and quality of the education in the process.
Byju's toxic work culture is known for a long time which has put many employees into a lot of problems. At the same time, having the brand name Byjus on their resume is making things difficult for the former employees of Byjus. This is a tough time for them just as much as it is a tough time for Byjus Raveendran. Byjus bankruptcy controversy may end sometime soon, however the aftermath of the fallout between Byjus shareholders and Byjus founder Byju Raveendran after the Byjus EGM is going to last for quite some time now. Hope you find this video valuable, see you in the next one.
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About Me
I publish meaningful and valuable content on this channel. My aim is to make business news more accessible and easy to grasp. If you find my videos informative and insightful then make sure to subscribe and leave a comment. I’ll see you in the next video
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Chapters
0:00 - Intro
0:43 - Byjus EGM
1:48 - Byju’s Startup Story
4:23 - Byjus Investors’ Issues
5:35 - Byju’s Employees Issues
6:43 - Why Byju’s Failed?
7:37 - Outro - บันเทิง
We had Fiit Jee ,Aakash and other Jee coaching . The education sector works on fear of Middle class parents , if Byju goes down something else will come up but the sector won't die .
Nobody will listen to me an old man at 40. However, we never need to make our children a commodity for marketing. In my school/college time the teachers were good and our education was solid, no hype, no mobile no internet addiction. Parents must realise this, this whole edtech is a big scam just to suck money from parents. Trust your good old fashioned teachers post school hours.
Because of online education so many private tutors have lost their livelihood ... True that digitization helped us learn things easily from the comfort of our home but the downside is it created a huge degree of unemployment among teachers who lost their complete bread and butter ..... technology can be good but nowadays education is becoming a business more like any other commodity , the human touch is essential which we are loosing because of online educators ... everything has its plus but no one sees the minuses until its too late
The skill that I have developed and the maturity I have now came just from personal interaction with my professors. It is impossible to get online. I knew byjus will fail. They are tooooo commercial. The end is near buy buy byjus
Education should not be Productized. It has to be personalized .
And hence it can't be scaled! If we try to scale it - we will fall
Felt Byju was leveraging technology to achieve the dream of market dominance in Edtech space..In between this, presume he didn't strategise thoroughly to connect the dots on end user requirements to profiting, impacting leadership, ethics, etc..
i have a query, we cannot ignore online education in the future, it will grow. It will be productized learning. how can we personalize online education?
Thanks for sharing informative video!
You are welcome:)
@@PavanSathiraju I saw your other video on MBA. Is it recommended to have 5 years of experience or 2 years of experience will work. Can you share a video that talks about how us election will affect the abroad studies
It’s being destroyed by their advertisers or ambassadors like Shahrukh&white hats???Same will b the case of AAP spends 60% for TV ads& freebies which is our own citizens money?
Byjus, please enrolls in online course for CEOs so you can be like the other successful ceos from microsoft, google, facebook.
Personalized
BYJU is an extra-ordinary teacher, None can teach math as good as BYJU. Its just that he got over ambitious.
There is nothing called being over ambitious. He never worried about business fundamentals. He could have taken admission in IIM when he got the chance. It would have taught him about the best practices of management.
Investors destroyed that company😂... just like so many startups. Byju should have stepped back from CEO and managed it from the board with voting rights. Because the brand is Byjus and they are kicking him out... and essentially killing the brand.
Agree!!!
ceo killed the company not investor....
@@kousik8042 Once you take money from investors they have a lot of say in CEOs strategy. Investors especially VCs use a pump and dump strategy so they can inflate and make money out of high valuations on their investments. They don't care what will happen to the company.
Any arrest or punishment?
Personlised
Very safe language- open up more 😅❤
But good video
During the corona pandemic, Byjus is on the verge to acquire ed-tech products around the world and none of them made profits.
So, BYJUS went on burning the cash of investors that leads Ravindran to the road. 😢
जय श्री राम
Why here?
😀😀
This company must be shutdown in order to retain Indian talent 🚫
Why are you going bald day by day? You were good-looking while doing consulting. It seems like doing youtube giving you more stress
Lol. You need to know more about consulting! Then you will not even make that comparison:)
Ban byjus
Ban byjus now. 😊
Good decision to let go Byju
Personalized