End of BYJU's?

BYJU's, the former $22 billion edtech unicorn, is in dire financial straits, dipping to less than $3 billion amid legal challenges, according to Forbes. Founder Raveendran, once backed by celebrities like Shahrukh Khan, reportedly mortgaged his homes to meet employee salaries amidst substantial losses. The company's downturn intensified after a down round due to customer support issues, leading to the sale of its U.S.-based children's reading app, EPIC, for $400 million. Raveendran hints at strategic changes to tackle the liquidity crisis, while industry watchers eagerly await BYJU's efforts to revitalize in the face of adversity. Will other EdTech's lie marbles?