WTFinancials is going on at Byju's?

<p>Last week, edtech giant Byju's saw its valuation come crumbling down from $22 billion to $8 billion. And June 5, 2023 happened to be the last day for the company to pay off a $40 million instalment on its highest unrated loan.</p><p>This is, of course, only a part of Byju's problems which range from bad press to a growth slump and a lot more. To say that Byju's is in a precarious position right now would be an understatement. The question to ask is: will it sink or swim?</p><p>There is one tiny glimmer of hope.</p><p>Tune in to find out.</p><p><em>Recommended reading: </em><a href="https://the-ken.com/the-nutgraf/byjus-is-looking-like-a-hedge-fund/"><em>Byju’s is looking like a hedge fund  </em></a><a href="https://the-ken.com/the-nutgraf/why-everyone-wants-a-piece-of-indias-open-e-commerce-platform/"><em></em></a></p><p><em>Daybreak is produced from the newsroom of </em><a href="https://the-ken.com/"><strong><em>The Ken</em></strong></a><em>, India’s first subscriber-only business news platform. </em><a href="https://the-ken.com/pricing/"><strong><em>Subscribe</em></strong><em> </em></a><em>for more exclusive, deeply-reported, and analytical business stories.</em></p><p><br /></p><p><br /></p>