Byju's, once valued at $22B, pushed into insolvency proceedings

I feel that Byju's focused on the wrong part of the chain. They identified a real problem: the education system in India is inadequate in many way at many levels. Byju's bypassed all the official channels and positioned their products as add-ons.

You had to attend school, do all the assignments as usual, and also complete Byju's course work in parallel. Same if you wanted to prepare for MBA and were in college. Your college was still going on and 100% necessary. Byju's is just an additional burden.

Instead Byju's should have started a chain of primary and secondary/higher-secondary schools. These schools would have included any additional prep that normal schools omit. This way students would be able to focus on one thing, without any conflicting situations. And it would be much more efficient.

And if Byju's were able to make that work, it would have been a massive disruption in the country's education system. But we just got costly stupid tuition classes.

More than half a billion USD in revenue but can't break even with a digital-only product. Amazing.

They were clearly overvalued by $24 billion.

To the surprise of absolutely no one

Terrible for the country’s reputation as a startup hub.