START-UP UPDATES

BYJU'S, ZERODHA AND OTHERS PASSING DIFFICULT TIMES

BYJU's and Competitors

BYJU'S passed a difficult years in 2022, the edtech has huge expansion plans with it's IPO. The company is now facing struggle to survive.

BYJU'S Missed Deadlines

The trouble starts while BYJU's released it's financial results after losing four consecutive deadlines.

BYJU'S Trouble

In this September, BYJU'S dropped the audited  results that unveiled  losses expanded by nearly  20  times to Rs 4,588.75 crore in FY21.

Congress MP on BYJU'S

The congress MP Karti Chidambaram invoked the account practice 'irregular'. He  was wroye that the ICAI urging  the president  find the financial statements of the   companies

Lay-Offs Story

We have seen many start-ups like BYJU'S, Ola, OYO, Unacademy, Vedantu, and others declares lay-offs.

Fundings 

This year funding  for start-ups getting dried-up. In November 2022, the start-ups boosted $3.5 billion that's 28% less than November 2021.

Kamath Brothers Holds the Graph

Among the rich entrepreneurs, Nithin and Nikhil Kamath's  donations jumped 308% and reach 100 crore in FY22, that makes them 89th largest philanthropists in India.

Nikhil Kamath's Investment

Nikhil Kamath claimed he would invest Rs. 100. He said, "If I had Rs. 100, I would invest in NASDAQ".

IPO Plans

The Indian start-ups like Ola, Snapdeal, Droom, PharmEasy, boAt have triggered their IPO plans by observing the market conditions as the reason.

What's Next Step

The start-ups are now eyed on 2023 for the survival and cut-off the competitors in this sector.