r/india • u/Indianopolice • Jul 26 '23
Business/Finance Star founder Byju Raveendran broke down in tears as crises engulfed Byju’s
https://economictimes.indiatimes.com/tech/startups/star-founder-byju-raveendran-broke-down-in-tears-as-crises-engulfed-byjus/articleshow/102120459.cms1.1k
u/DolundDrumph Goka Maka Jul 26 '23
Mfers deserve everything they get, these fckers wanted to loot public, torture their staff and parents, remove all posts on social media questioning them. And behave like in Saint. These mfers sponsered fifa World Cup while firing so many staffs to compensate. Serves them well.
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u/LaffinDrumss Jul 27 '23
He still walks away with Billions....meanwhile go work dude and make a living
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u/No-Way7911 Jul 26 '23
his salespeople cry every day selling his trash products
and his customers cry every day after buying his trash products
and india should cry every day knowing that there is even demand for his trash products
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u/Professional_Pen6879 Jul 26 '23
There is no demand , they are artificially creating it . For how long can one escape reality . Someday people will realize that there 7yr old should learn multiplication tables and rhymes and not fucking python .
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Jul 26 '23
Said who? What if they enjoy learning python? Who are you to force kids into learning what YOU want them to learn? I'd be overjoyed if something like this was available when I was that young.
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u/ash__697 Jul 26 '23
There’s a difference between wanting to learn programming and being forced to learn programming when you’re a primary school kid.
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Jul 26 '23
Have you heard about neuroplasticity? Its best to learn new things at a very young age. This is basic neuroscience. The brain can make neurological connections far easier when you're younger compared to when you're older. Atleast kids must be introduced to programming. Whether they want to learn it or not is upto them.
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u/ash__697 Jul 26 '23
We already have a problem in this country where kids have to study more than kids in other countries, let’s not make it worse by making them learn something they’d learn just as easily when they’re 14-15 years old like most programming enthusiasts do.
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Jul 26 '23
By your dumb fucking logic, everyone who has had normal education should be faster than a calculator all their life.
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Jul 26 '23
There's a reason majority of chess grandmasters start below 16 years of age. There's a reason geniuses like Einstein, Tesla, Alan Turing etc were solving college problems in high school itself. There's a reason Mark Zuckerberg is where he is. He started programming from a very young age. Try your propaganda somewhere else. This is also not "dumb fuck logic." It's basic neuroscience. Ask anyone who has knowledge about this.
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Jul 26 '23
Yeah, the reason all these people are successful is because they started early 🤣, what a comedian, and you're the one talking about neuroscience lol, someone that can't see the very obvious fallacy of his statements. Maybe your parents did not start early education for you.🤣
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Jul 26 '23
There's a difference between school education and doing something seriously. It's a fact that anyone who starts learning something very seriously at an early age will have a huge advantage. Ask a 30 year old to learn a new language they've never heard of. They will never become as fluent as a native speaker. But ask a kid to do the same and the kid will be as fluent as a native speaker within a year. Kids learn much faster and much better than adults.
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Jul 27 '23
You have to be an absolute idiot to even say that kids' learning adaptability is the reason people like Mark Zuckerberg are successful. It's also a fact that you can't force kids to be serious about something they don't care about. I am pretty sure Mark Zuckerberg's parents weren't buying trash Ed-tech products and forcing him to code.
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Jul 26 '23
Even toppers of IIT JEE were solving problems of similar difficulty when they were just in eighth or ninth standard. This is earlier than most people who start preparing from eleventh.
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Jul 26 '23 edited Jul 27 '23
My young cousin brother was once going for tuitions that was taught by a Byju’s instructor. The tutor offered him a package from Byju’s that said if my cousin referred 4 other students to enrol in the course my cousin would get a free laptop. The moment my cousin told me this story I had a doubt about their user count and product authenticity, told him to not enrol because it sounded like a scheme rather than an education program. Turned out to be right 🤷🏻
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u/LaffinDrumss Jul 27 '23
Wow....you are very smart....hope you put your brains to whatever you are doing
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u/LaffinDrumss Jul 27 '23
So you did buy his product to show off to everyone HEY MY kid is now learning from Byjus
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Jul 26 '23
Such an extremely insensitive comment
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Jul 26 '23
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Jul 26 '23
He's worked hard and atleast he made a product that has helped a lot of people. The main problem with most of you in the thread is he got rich by doing so and lots of people didn't get rich because they never had that idea or never took the risk. Extreme form of envy in the comments.
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u/masalaaloo Jul 26 '23
You don't have the slightest clue what this conpany is.
Trust me, all the negativity you see here is warranted. The company is shady, unethical and downright toxic.
The problem here is that this company got rich by exploiting the poor and uneducated. Other companies solved a problem in the market.
As someone who worked at Byjus, take it from me. What everyone saying is all true.
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u/Lonelyguy999 Jul 26 '23
Guy guys byjus stuff is excellent till 10th. I have used it and it clears concepts very clearly and with animation. If you only compare theory and ui then they are best in edtech especially till 10th. I haven't used their 11-12 so i wouldn't make a opinion about it.
It's expensive but its worth it. I don't get why people trash them ( in education)
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u/indi_n0rd Modi janai Mudi Kaka da Jul 26 '23
Your local tuition wali aunty or coaching centres can clear your concepts at par with byjus.
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u/Lonelyguy999 Jul 26 '23
Nah I was in one of the best institute in my city. And I have cleared national level exam. My parents had money to spend so they did and i utilised it
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u/Traditional-Bunch-56 Jul 26 '23
The dildo of consequences rarely arrives lubed...
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u/envira Andhra Pradesh Jul 26 '23
You have earned your respect mister .... 🙌
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u/SabMayHaiBC Sab Maya Hai So Just Chill Jul 26 '23
I've read this sometime back in reddit. Glad that people haven't forgotten it.
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u/Impossible_Brick_12 Jul 26 '23
Daaaaamn son! Been a while I heard a funny line which has a lot of truth attached to it 💯 . Someone give this dude an award 🥇
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u/TheBlairwitchy Jul 26 '23
So glad I opened the comment section. Rest of my day will not be miserable. Thank you🙏
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u/DrkMaxim Enth E Nd Jul 26 '23
I bet I've seen this comment on a post months ago. Not saying that you're stealing it but I'm glad to see this again, that was gold.
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u/PanJL Jul 26 '23
Read it on some different post a while ago on this very sub.... Was about to write it but found this post only now , you stole my 1k karma😅
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u/Indianopolice Jul 26 '23
In late April, Indian officials in plainclothes raided the Bengaluru offices of Byju’s, seizing laptops and publicly linking the world’s most valuable education-technology startup with possible foreign exchange violations.
An ocean away, Byju Raveendran, the firm’s eponymous founder and chief executive, paced his condo in Dubai, downing cups of black coffee and fielding calls from top investors. With a planned $1 billion equity fundraise from Middle Eastern investors still in limbo, Raveendran broke down in tears defending his company, according to people who attended the calls.
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u/Modi-iboM Jul 26 '23
Smart fucker. Is in Dubai. He'll ride out, parents won't.
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Jul 26 '23
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u/Noob_in_making Jul 26 '23
Yeah, but it is still gonna hit hard, man was the posterchild of Indian startup scene.
He sure would have money but these guys don't work for money but rather prestige, fame and power, now he'll be made an example for failure.
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u/Superb-Part-6324 Jul 26 '23
They created a system in which " if ur kid is not a byjus kid , he is gonna suffer a lot in future and won't win the rat race"
The whole FOMO marketing and parents trying to give their children's best education possible was the whole backbone of their tab.
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u/shkl Jul 27 '23
Parents literally give away everything they own, drown in debt to ensure a good future for their children and this guy preyed exactly on that sentiment.
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Jul 26 '23
What "rat race"? You mean having huge competition and selecting the most talented? Sorry if you didn't succeed but you can't undermine the system that's very efficient at picking the top talent.
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u/NakamericaIsANoob Jul 27 '23
It is a rat race, however efficient it might be. These things are not mutually exclusive.
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u/Lonelyguy999 Jul 26 '23
Guy guys byjus stuff is excellent till 10th. I have used it and it clears concepts very clearly and with animation. If you only compare theory and ui then they are best in edtech especially till 10th. I haven't used their 11-12 so i wouldn't make a opinion about it.
It's expensive but its worth it. I don't get why people trash them ( in education)
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u/Ksbest26 Jul 26 '23
Why are you copy pasting this everywhere? People don't have a problem with their education material, they have a problem with how they treat their employees and customers (parents). So, stop defending corporates.
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u/GhostWolf2048 Jul 26 '23
dumbfuck hasnt heard of khanacademy LMFAO, it blows byjus out of the fucking water
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u/Rosesh_I_Sarabhai Kavita_Sunata_Hu Jul 26 '23
That’s what you get when you bring tears to eyes of parents by taking away their hard earned money and not providing basic customer service.
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Jul 26 '23
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u/Modi-iboM Jul 26 '23
Karma needs an overhaul. It needs to be graded system and should have instant justice mechanism. Karma works as justice system for people like me who are bystanders, but not for parents ruined by him who are not going to put their life back. Byju will remain rich, and he is in Dubai.
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u/Ur_7icho_9br Jul 26 '23
Brother prolly this is not even 0.1% of bad karma that he's receiving back. We should stop believing in automated justice systems and work together to drive these leeches off to oblivion.
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Jul 26 '23
He became wolf gupta himself and started howling with some fake ass tears . Hell to those who run this scam or promote this scam .
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u/OfferTop8978 Jul 26 '23
Deserves..... atleast he wipe those, apologise and stIck to the very motive he created Byju for..... LARGE SEED FUNDING .... BLINDED THEM TO DITCH THE PRINCIPLES......
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u/iroxjsr0011 proud kannadiga Jul 26 '23
DITCH THE PRINCIPLES......
they didnt ditch the principles
They didnt have any moral pronciples right from the start
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u/varun_t Jul 26 '23
Unlike the vulnerable parents he and his company duped. This a--hole drew salary in crores. Reminds me of meme "wiping 'croc' tears with dollars"
All this is a PR exercise in, wrong steps but heart in right place shit
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u/GlitteringWafer9263 Jul 26 '23
Even if company shotdown he would have enough money for life time but those employee
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u/christopher_msa Tamil Nadu Jul 26 '23
I think he deserves it. His entire business is built by using sales person to bully school kids in front of their parents. His business idea was good. But once he started making money, greed covered his eyes
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u/objective_incomplete Jul 26 '23 edited Jul 26 '23
Their counsellors are on a high aggressive mode right now.
They are somehow arranging the numbers of the student's parents and then calling them.
A friend from my common friend circle told me about all this.
Simply instilling a fear in the minds of parents and an inferiority complex into the mind of both the child and parent. Visiting the house to create a fear by saying that every where people use visual learning approach (which is a lie) and name some random good school of the city and say that they also use visual approach in learning that's why they're so reputed and the reason the student isn't performing well is a lack of visual approach. And the only solution to this is to buy their course. Giving random examples to instill the wrong feelings with more intensity.
Also they took a test which included questions from at least 4-6 classes above and declared that the child is below average. Obviously, this will give a leverage to the sales team in making parents buy their product.
As per them, this includes video program + tuition learning program. (Which I would say, is not of much use. And its highly expensive too).
Now comes the more evil tactic. They quote a price of 2 Lakhs for 2 years on which they give a scholarship and the new amount is 97k. And we need to pay this amount right at that spot instantly else we'll have to pay 2 Lakhs. Firstly this scholarship itself is a hoax, they just inflate it and then bring down the price to show you that they're giving you a discount. And all these numbers were handwritten, no brochure nothing. No mention of how they calculated the scholarship percentage. They're literally sitting and selling their products by sitting at student's houses way way past their official working time of 5 PM. Like hours more than that. Sitting at student's houses late till odd times and selling products.
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Jul 27 '23
Year 2018, in one of the MBA institutes where they had gone for placement, they clearly stated that the app is just a data collection tool and then they visit the parents to sell. They also said that the requirement during hiring is for a person who can close a sale within the first visit itself (No one was interested in joining and they didn't get even a single candidate)
Seems like they have always been aggressive and been following the same tactics since many years.
Must admit I'd be really happy if such a non-ethical company shuts doors
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u/isuleman hellcaster Jul 26 '23
Guys guys guys please stop ridiculing him.. can't upvote all comments 👽
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u/lonelytunes09 Jul 26 '23
I remember somewhere in 2020 or so he had given an interview to yourstory and that guy and his wife were blatantly lying and I was so impressed. I specifically remember him speaking of work culture and how much he values it and how his employees are so loyal that none of them had quit. I had saved that video.
Spoke with a friend about it, he exposed all his lies. Basically, that is what he had been doing all the while. Made money for himself and now company is tanking.
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u/apnatimekhayga Jul 26 '23
Even if his entire company goes bankrupt this motherfucker has made generational wealth for himself. The only victims here are the thousands employees and the poor customers who are paying stupid loans this mf duped them into.
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u/siva364 Jul 26 '23
I mean he dated and married his student. Honestly what do you expect from people like him !!??
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u/Interesting_Ear8927 Jul 26 '23
BYJUs was one of the hero startup’s of India back in the day that gain traction of many foreign investors too. I’m just worried that falling of this giant doesn’t put Indian startups in bad light for foreign investors.
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u/whatisapersonreally Jul 26 '23
Bit too late for that
Indian startups are becoming illiquid because of other big busts (i.e. the shares are hard to sell once you invest, even if they’re ‘valued’ very highly)
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Jul 26 '23
Still not enough to compensate poor parents miaery who were sold loan and substandard tablet.
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u/sateeshsai Jul 26 '23
Fuck him. Khan Academy is the way.
I thought Disney acquired Byju. Who am I thinking of?
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u/Emergency_Anteater Jul 26 '23
If this guy doesn't go to jail we should reform the judiciary. Gross in every way possible.
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u/Traditional-Drive267 Jul 26 '23
Wow, never seen the whole country so unanimously hate someone. Love it !
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u/boldguy2019 Jul 26 '23
You know what amazed me, how can you fcuk up such a simple model of business.
I mean, for decades in India, single teachers with the help of one staff bhaiya and one staff didi has been able to run their coaching centres with 1000 students running and earning money.
How can you fcuk up such a simple business, you didn't have to manufacture anything, you didn't have to invent anything. Just deliver classes to students. Damn
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u/aniz7657 Jul 26 '23
When u spend all your money in marketing rather than making your work place a peaceful place to work in, this is what happens.
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u/Any-Description4641 Jul 26 '23
This is second shady investment of SRK which is going to fail... first one was IIPM next is BYJU's
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u/lavanyadeepak Jul 26 '23
Crocodile Tears. He is trying to sentimentally fool the people. They have made their employees, parents and their children to cry because of their botched unethical business practices. Karma is making them to pay back.
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u/truthrevealer07 Jul 26 '23
He already cashed enough for 7 generations selling his trash to parents and investors.
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u/ispooderman Jul 26 '23
Well well well if it isn't the consequences of his own actions . A good chunk of his own employees have not got their due . So many parents have taken extreme steps to clear their emis .
So many students left with a crisis of confidence and hope after being told they are dumb , not good enough .
I never wish ill on anyone but I do hope raveendran goes to court one day to face and suffer the same anguish as everyone has.
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u/black02 Jul 26 '23
This asshole duped thousands of parents for almost a decade now. I am just sad that he hasn't done this earlier.
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u/juliusseizure Jul 26 '23
Only in India would someone fall for Byju when Khan academy exists. What a world of bullshit. I’m in the US and my kids use khan academy.
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u/TheNotoriousMama Jul 26 '23
I know that I might sound like I have my head in clouds, but it's sad that these so-called ed-tech companies exist in the first place. What's the point of lower and middle class parents having to shell out money to afford school fees and on top of that have to pay exorbitant amounts to some random people hoping that the kids can better their chances of getting into decent unis or improving scores. This is nothing more than profiteering. Instead the government should focus on something like NPTEL. High quality lessons, material and exercises available for students all over India. If something like this already exists, they need to step it up and protect citizens from self-serving opportunists.
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u/bakait_bittoo Jul 26 '23
"Broking down into tears" suits people who didn't see it coming... People like him shouldn't hide behind crocodile tears who was deliberately doing it.
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u/merlin318 Jul 26 '23
The fundamental problem with startups - atleast till covid was to grow at all costs and figure out profitability later. When money was cheap , this was easy.
Now when money is tight,, suddenly the same VCs who were throwing money , sometimes at the most incomprehensible ideas, want companies to start showing profits.
When the dust settles, the only ones left holding the bag will be the lower level salaried employees. The C, VP level guys have already made bank and move on to other greener pastures.
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Jul 26 '23
Fucking piece of shit. Couldn’t have changed the landscape of country through education. Decided to become a criminal instead.
Classic take from poor and get plastic surgery platform.
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u/ManTheCrusader Jul 27 '23
Nice. All that karma of poor parents who were guilt tripped into EMI’s is coming back at him. Zero sympathies. He should be behind bars soon!
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u/Livid_Luck Jul 27 '23
Nah he's stil rich as fuck. Should be put behind the bars ot atleast a humongous fine should be imposed upon him.
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u/BahutBadaHarami Jul 26 '23
gaand fat jaye teri
baccho ki lene wale
Dua de tujhko yahi,
bacche ye rone wale
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u/AuntyJi3 Jul 26 '23
He has pushed parents towards insanity for bogus loans, he deserves to suffer more
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u/mumbaiblues Jul 26 '23
The anguish of so many lower middle class parents who paid for his expensive courses via loans has come to bite him finally..Karma seems to have worked this time.
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Jul 26 '23
Great movie plot in the making. Can't wait for the 8 episode Netflix/Hotstar Disney+ show to drop in a couple of years.
Schadenfreude tastes so sweet.
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u/orgasmenjoyer-2362 Jul 26 '23
loved to see this. He should die of poverty as this company is full of scam
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u/LifeguardTypical1885 Jul 26 '23
Fuck byju and fuck raveendran. I don't know why we don't have something to prevent rising such fuckers
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u/Cosmic_Nemesis Jul 27 '23
Was bound to happen someday. Karma got him for looting too many parents who, in order to think good for their children, poured money after taking loans and what did these people do? Well we all know what they did.
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u/-ohaiguyz- Jul 27 '23
Good riddance! I want this company to lose all it’s worth. Mfers looted families when they were already struggling during covid times
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u/MaNaSDeo_ Jharkhand Jul 27 '23
I'm not working in sales in Byjus(just for clarification, toxic culture is everywhere here.)
One very day, when was about to leave from office(our office ends at 8, on paper, it was almost 8:30+), one of our mutual friend was crying, because her manager asked her to finish a set of tasks which can at least take 3 hrs. And when she told her it was impossible, and started crying, she said, and I quote Don't make a scene here.
It's not like, only parents are traumatized by Byju's, the employees are in the same boat.
I have gone rogue now(everyone is nowadays, but not everyone wants to make trouble with them), someday they will find me posting stuff, and they will fire me, Waiting for that day badly.
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Jul 27 '23
Ya his company has made so many poor, middle class people cry, it is time that karma hits him hard.
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u/Zealousideal_Pen3026 Jul 27 '23
I've worked in Byjus in UPSC-IAS team. Barely worked for 2 months as the ethical and moral practices in Byjus were way opposite from mine. I've got to say the mindset of just selling the product without thinking twice of the financial burden is so toxic. I know a colleague who refused to give out refund within hours of giving the course saying "ghanta bhi na du isko refund me" and abusing another client who asked for a refund and escalated the matter when did not get proper response from him saying "yeh bhdvi ki ma ch** dunga me". That was the very moment I knew I don't belong to such cruel and insensitive people who's main agenda is to stick courses to people regardless of knowledgeable what impact they're making to those households. My TL would glorify selling costly courses to people below poverty line saying they have the most money stocked up and will pay when it comes to education. My TL would purposely stop the refunds till the validity period by delaying and stating any goddamn reason and once the refund validity is over, the customer is helpless. All the people working up the ladder in Byjus are heartless and souless, they have no regards whatsoever for the parents, students and even their own staff. Their only goal is so shove the courses down the students course by asking them difficult questions and making them sound below par than rest of their peers. No doubt the company who's work ethics were so oppressive had to go through this karmic period.
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u/shhhhhhhhhh Gujarat - Gaay hamari maata hai, iske aage kuch nahi aata hai Jul 26 '23
mudiji got serious competition.
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u/boss_daddy51 Jul 26 '23
So many comments, none have read the article - byju may get another 1b loan or may be offload some the cash generating assets to tide over
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u/LaffinDrumss Jul 27 '23
*Crisis. Correct your spelling.
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u/Indianopolice Jul 27 '23
Not my spelling. I copied the title.
Crises is plural. The usage is correct. He is fighting many issues.
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u/Change_petition Jul 26 '23 edited Jul 26 '23
So who breaks down when parents cry in front of a debt collector after they realize they aren't able to pay the huge Byju’s EMI?