Byju's got sued by its lenders in the US. Then it sued its lenders in the US. Here's a fun read about what happened

[albania1]

@neclipse Tbh if they fail, the startup eco system will also go down.

 

[tenfive]

@albania1 Yeah but we would want a better set of companies to succeed. For starters the primary thing should be being profitable asap, and not screw the public like Paytm.

 

[itoldmeso]

@albania1 I feel it was bound to happen. Since when has it been financially viable to run net loss for so long propped up only by VC funding?

Edit: if you mean reputation for start ups in India, I understand... But still, I stand by my point.

 

[terranceciancio]

@albania1 We still have good startup unicorns like Zerodha, Zoho, Razorpay. There’s still hope.

 

[rachelvaught]

@terranceciancio Actually I have a friend who worked at Zoho, and he was so horribly treated and his value was deprecated so much that even now, despite how well and how hard he works he can't earn more because that's how much he was worth at Zoho and that's how much he's going to be valued for probably ever now.