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$22B to $0 for what should have been a high margin business is bad. What’s the story here?
by lulznews 2y ago
$22B to $0 for what should have been a high margin business is bad. What’s the story here?
- gowld 2y agoHigh margin why?
- asaddhamani 2y agoTheir online pre-recorded courses cost 1000s of dollars.
- pquki4 2y agoI can imagine that's never going to work. Very few people can afford it, and those who can afford want more, e.g. Q&A, graded assignments etc. It's almost never a "record these once and we are done" thing.
- geodel 2y agoOne 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.