Startups smash

There was a time when students swarmed to enrol themselves in Byju's (students, and not people looking to apply for any of their sales positions). It was fast-growing, boasting a billion-dollar valuation and teasing us with its promise to go public. Things were going well for Byju's. But alas, there was a twist in the tale when it acquired the renowned Aakash Educational Institute. The cost of this acquisition was so eye-wateringly high that our jaws dropped. Just from where Byju's found all that cash? Well, surprise - it was debt. Now it's struggling to even pay the instalments. The lesson? Work culture concerns aside, we can see how aggressive bus

This article was originally published on June 23, 2023.