Every person lives in a lot of tension regarding the education of his child and the money he earns from his tension is the Edtech companies and when it comes to the Edtech company, then the biggest Edtech company is Byjus who has Shahrukh Khan in Ad.
Who has money for FIFA World Cup, who has money to sponsor Indian team jersey but teacher spends the least money on what they teach, this is the company that sells hundred rupees But it makes a loss of two hundred rupees and even after doing this, its valuation is one lakh eighty thousand crores, after all it is Byju’s, what a thing, when was it made and how did it become so big, is Byju’s really providing education Or she is looting on the basis of marketing that how can I take anything from anyone, how did she become so big and how did she come to such a big pit and despite facing such a huge loss, she is getting money, so from where are she getting it?
Is giving what will be the future of Byju’s because now Byju’s is also talking about bringing its IPO, so is also an investor friend and IPO is about Byju’s Do listen to me brother, do you want to win or not and parents say that no, sir, they have to give some education to the child, must read this blog before taking the Byju’s course.
Byju’s Edtech startups are also winning and the most valuable startup among them, its founder Ravindran Byju is the first billionaire teacher, we say what happens to a teacher’s job, sir, he earns very less, but he is such a killer. Those who have become Billionaires and Billion is more than 8000 Crores, now well apart from us, Pandey ji with PhysicsWallah, etc.
These two or four have become Billionaires and gradually the value of teachers has started increasing a bit, but they were the same earlier. The real teacher, our Khan sir should be valued, but he does not fall into these rounds, he is in a slightly different mood; Made him very famous by adding .. then now if you look at Indian team jersey then he also sponsored them, spent more than 1000 crores in five years to become its sponsor and now FIFA in which Indian football team could not reach but India’s A Dutch team has reached, let’s sponsor it, then byju’s sponsor FIFA World Cup too Now the company is engaged, we are not talking about both education and technology, but we are not talking about both, we are talking about marketing, because he focused on the same, he did more on education.
Not even a second its focus is whatever has come in the limelight in the market March 2021 when the balance sheet is closed its audit is compulsory till September 2021 but twenty now September 2022 has come even then the balance sheet of Byju’s MC hasn’t reached then MC people said what do you want to give to the world till 2nd September 21st you are delaying for 18 months then Byju’s said look our accounts are ready but our auditor is saying Delight We are finding something wrong in this, we will not sign.
In this affair, then gradually the mentors took some time, both agreed, then the results came, when the results came, everyone became interested that the loss of the company which was two hundred and ninety-eight crores last year, has now increased to four thousand five. Hundred eighty eight crore means fifteen times in one year, how did you get fifteen times loss?
Now let’s talk about the revenue of byju’s, let’s discuss the revenue of three years, let’s talk about 2019, their revenue was 1300 crores, then in 2020, it became 2381 crores, now their revenue is 2280 crores, that means revenue is down. Major revenue comes from the sales of tablets, courses, recordings, and those who do live streams.
It comes from them, now you will say that you are saying that the company is like this, but the sale of two thousand crores is a small thing, yes sir, it is not a small thing, but how did it come in the end, when you do it, your The blood will boil, let us tell you how this sale came, their sale comes as soon as they create super high pressure in their sales team, their sales team is called BDA Business Development Associate, whose work is that you do one thing, you have a target of two months. Sale of one lakh rupees and two lakhs to me, do whatever you have to do for the sale of two lakhs and two lakhs.
I just want sales, I am not saying that their managers call the executive, now you will see on YouTube, on Google, you will see Biju’s manager, regarding sales, many recording managers are abusing that brother In any case, I want today’s sale, they are shouting, scolding, shouting that brother, you have to sale our job, now you will have to sell in any condition, we will stop your salary, we will stop the salary, we will put so much pressure on them. is made.
They have complete planning curated sales pitch, what is that? You understand what they do, contact you in different ways, someone will make you cold calling, you will make cold calling, sometimes you will be offered a free trial, sometimes you will be told by Shahrukh Khan, sometimes your Will run different ads from all over the world, now after seeing so many ads, you will say, friend, do some good things and there is one thing in India, if you give anything for free, you will try it immediately.
once you download the app, you said, we said, man, he is fine. You are short of money, let’s download it, you will give quizzes for fifteen days and you will give material to your child, now you will say to the child, hey, fifteen days is free, fifteen days he gets a lot of work, on the sixteenth day, a decision has to be taken. If you don’t take it, then the child is using it now, what are they doing in fifteen days, the technical company is looking at each and every thing, now why is your child studying which subject with interest, which subject he is not studying, how long has it been What did you read, which thing you read, which thing you read twice, which thing you read thrice, which one thing passed in the test, what kind of questions he is giving answers with surprise, what kind he is not giving and in fifteen days he has measured you and your Talking to the child and after fifteen days.
He is talking to you that hello, look at your minnu, this is what we have seen for fifteen days, he is very weak in the subject, he does not know this subject, this subject is so much He took three hours to study the same concept, if he gets this number in this subject, then whatever his marks are, he will sell you. See how his marks are very low, see, your child is very weak, he will remain, he will fail, he will not be able to progress in life, if he is average in tension, then he said, look, your child is very intelligent.
Just give him some guidance, he will go ahead who is a topper and this head is such a good, talented child that God has given you, if you are not paying attention to it then all three types of pitches are ready, even if they have a weak average Even if he is a topper, he is also a topper and they have dangerous weapons. First, if you don’t make your child a career, who will make a weapon?
The boy will leave, he will remain, there is competition too, and then people will say something, friend, do you think that I will be left behind, my Sharma ji will leave, my sister-in-law’s son will leave, how will life pass like this? Those who don’t have capacity, they get loan from their pocket, they get loan, they have tie up with loan company, they said, take this course of 1.5 lakh, first we don’t have money, no problem, give it in pieces, no one has to give EMI. There is no tension.
Now they think that yes, it is a course of 1.5 lakhs, it is a company, they will pay fifteen thousand rupees, they were not told that they are getting you a loan, they tell you just sign this paper, you can do it comfortably. , take the course and after taking one course you give it in ten pieces you feel that I am paying in ten pieces the first day you signed you got the loan your loan is done now your EMI cut from the bank Now interest is being charged on it and you are not interested, by fooling you emotionally, by luring you, by intimidation and by giving false true loans, you have been sold slowly, so these two thousand crores.
The sale is also like this and the third one which made a real rocket, didn’t it become a real rocket in covid, why in these schools were closed, colleges were closed, what should the children do? Given only one option, we said, let’s do this, so their sales are actually happening because of Covid. At first, Byju’s was alone, then the Academy ordered him, he has come.
Four five came in competition edtech only then apart from that those who were physical they thought this work is good then physical people also started giving online then first thing competition increased for online second child got upset sitting on laptop Son, she said, I will go physical and study in the class only, so now when it is realized, then this sale has started going down, the second scandal which was being done, was slowly inside, now it has started coming out, people have started to understand.
Byju’s you are doing wrong, taking the course of which our aunt’s daughter did not benefit at all, so why should we take it, then she started getting negative publicity. Slowly its sales have started going down and now it is not easy to get up. But we are feeling doubt that there are two reasons for the decrease in its revenue, which Ravindran Byju himself says, look what we have done, we have changed the method of accounting.
Earlier we used to take a course of two lakhs, then we used to book it this year, we said no, it is a course of two lakhs and if it is a two year course, then we will do one lakh now, if we do it for one year now, then we have a lot of revenue, so we have earned a lot of money.
But they went back and forth in the matter of accounting, let’s see what they give in the next year, the second change happened that the loan they used to give to the child is like a loan of 1.5 lakh, now he has given a loan of 1.5 lakh, the interest on that is Byju’s. Byju Ravindran himself says that now we talk Where have they spent, listen to the expenditure, sir, which was their expenditure last year.
That was twenty eight hundred and seventy three crores, which has been spent this time seven thousand twenty seven crores, it has been almost two and a half times and in this the advertising which used to be done for nine hundred crores, now you speak of twenty two hundred and fifty crores, their main The work is teaching, how much is given to the teachers, tell me three hundred crore rupees, then what is the teachers, three hundred crores and that thing, twenty two hundred crores are for marketing, on the employee benefit, last time they were given salary valor or less, now they said employee Nowadays they don’t stop, what to do, they had to increase the money.
If you have to spend on all other things, then it becomes total 1943 crores expenditure and revenue, you can understand, if balance is reached then what is the loss left, now where is the loss coming from?
They have a great company, you all must have heard the name Whitehead Junior, that company used to say that we will teach encoding to a six-year-old child, they have a nine-year-old child. Wolf Gupta is a nine year old child, sometimes he gets a package of 1.25 crores, sometimes he gets a package of 150 crores, sometimes a nine year old child goes to give top in TEDx, these children made such a fake story and started coding.
They will learn, children will learn coding and parents in India have a habit of showing off that our child is our habit, no guest comes, child, tell him a poem, show what our child does, then say that our child is coding. It also comes in this cycle, we have played such a game and our child is coding, I also know many such people, you must also know that our child is coding from White Hat Junior, he has also done coding in the name of coating, App has also been made, what to do after that, don’t even air it.
Is it just in that he sits down to make an app, the teacher speaks, click on him, add to it, subtract from it, he has done it, the app has become the base. That he doesn’t know it at all, then after one year when people came to know that he was going to get money, then there was nothing left, then gradually the condition of White Heart Junior also started getting worse. His revenue is crores and his loss is fifteen hundred forty eight crores, he earns hundred rupees and spends five hundred rupees.
He is such a great man, what is the situation now, now he is messed up from all sides, the sale is not increasing, he won the acquisition that he has done Akash for one billion dollars, the Aakash Institute, which was physical earlier, is now bought by Byjus for one billion eight thousand. Apart from crores of rupees, there are many small and big things, it is a great learning app, out of 600 million, 300 million, white hat junior has just gone out for shopping, so the winning money was taken from the investor, he put all the money here in shopping, where did the revenue come from? It is not coming from outside areas, outside India, in the US and from other places, still the revenue is coming and the profit is coming there.
It is so little and here they are not able to cover the huge loss, so even the investors raised their hands because of this, now you will say, there is so much loss, where did the money come from, investors give money, investors think not today So tomorrow he will earn money, but now even the investors have understood, so they are not getting new investments, and they are gradually pulling out of the old investors. For this, they are cutting their expenses, they have reduced the marketing expenses a bit and now they are firing 2500 employees, so slowly what is happening in the startup world now? For why they are not getting the money, you can read the article very well on the link below.
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