Friday, October 18, 2024

Byju's founder Byju Raveendran says his edtech startup, valued at $22B in 2022, is effectively "worth zero", and that he made mistakes and mistimed the market (Manish Singh/TechCrunch)

Manish Singh / TechCrunch:
Byju's founder Byju Raveendran says his edtech startup, valued at $22B in 2022, is effectively “worth zero”, and that he made mistakes and mistimed the market  —  Byju Raveendran, the founder of the embattled edtech group Byju's, acknowledged on Thursday afternoon that he made mistakes …



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Sources: SoftBank invites more banks to join its $40B loan backing its OpenAI investment, requiring them to commit ~$5B each; SoftBank has already invested $30B (Bloomberg)

Bloomberg : Sources: SoftBank invites more banks to join its $40B loan backing its OpenAI investment, requiring them to commit ~$5B each;...