Byju’s played the good game. It still didn’t matter

<p>Last week, a full search and seizure operation was carried out by the Enforcement Directorate on three offices of edtech giant Byju's. The $22 billion startup is being investigated under the Foreign Exchange Management Act.</p><p>The move comes at a terrible time for Byju's since it is already struggling with a long list of troubles including a potential debt crisis. The company still hasn't filed its financials for FY 2022.</p><p>In this episode, not only do we look back at Byju’s missteps, we also go over what it did right, and how it still did not matter.</p><p>Tune in.</p><p><em>Recommended reading: </em><a href="https://the-ken.com/story/the-seven-things-you-need-to-know-about-byjus-fy21-financials/"><em>The seven things you need to know about Byju’s FY21 financials</em></a><em><br /></em><a href="https://the-ken.com/pricing/"><em>Subscribe to The Ken</em></a><em> for more exclusive, deeply-reported, analytical business stories.</em></p>