Byju's collapse stemmed from its aggressive, debt-funded global expansion, acquiring over 24 companies with nearly $3 billion in debt. This strategy resulted in unsustainable losses of ₹8,245 crore in FY22.

CURRENT STATE

This expansion caused massive financial strain, leading to auditor resignations—including Deloitte—due to delayed reporting, a 2023 debt crisis, and a valuation collapse from $22 billion in 2022 to near zero by late 2024. Insolvency proceedings and investigations further destabilize the company.

Have your own question?