Byju's: The Rise and Fall of India's Ed-Tech Giant

Byju's, once valued at $22 billion, has seen a sharp decline in popularity and valuation due to cash-flow problems, toxic work culture allegations, financial mismanagement, and a $1.2 billion loan default. The company's rapid expansion during the Covid pandemic led to a tumultuous fall, with its valuation being cut by 75% and facing scrutiny for non-payment of ad dues. Shareholders are seeking the ouster of the founders from top leadership roles, and the company is currently raising $200 million through a rights issue of shares to support a successful turnaround.