Byju’s worth zero now: How the cookie crumbled for India’s edtech giant

Byju’s, once hailed as India’s most valuable startup, has experienced a swift reversal of fortune following a meteoric rise marked by challenges. The simultaneous resignation of three key investors — Prosus, Peak XV Partners, and the Chan Zuckerberg Initiative — from its board in 2023 was a significant blow, leaving the troubled company in a near-impossible position to raise funds.