<ul><li>Byju Raveendran, the founder of edtech group Byju’s, admits that his startup, once valued at $22 billion, is now effectively worth 'zero'.</li><li>The aggressive acquisition of startups to expand into new markets proved fatal for Byju’s when financing dried up in 2022.</li><li>Many investors urged for aggressive expansion, but backed out after global markets tumbled due to Russia’s invasion of Ukraine.</li><li>Departure of key backers and governance issues led Byju’s into insolvency proceedings, making it impossible to raise additional funds.</li></ul>

Byju’s founder says his edtech startup, once worth $22B, is now ‘worth zero’

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