[lulznews]

$22B to $0 for what should have been a high margin business is bad. What’s the story here?

[geodel]

One very concise answer is market for Byju's paid online education is about 2 order of magnitude smaller than projected to investors.

It is for simple reason that paying capacity of average Indian customers is much lower than west and ton of cheaper options are already available for this kind of thing.

Detailed reasons are of course bad management, underhanded sales tactics, burnout, online vs classroom education, scaling too fast etc..etc.

[gowld]

High margin why?

[asaddhamani]

Their online pre-recorded courses cost 1000s of dollars.