The Ledger
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Radhakrishna: The world would not care if Flipkart or BYJU'S vanished
“In the grand scheme of things, if these two companies didn't exist, the world would still go on, right? That's our best, you know, most valued startups, and the world doesn't even care whether they exist or not. Apart from the shareholders of those companies, …”
Startup ecosystem should actively support Byju's despite widespread public negativity
“There is so much negativity around by Jews now, but I think that they are scaling well. We should work on what needs to be fixed, but I think we should sort of support them and make sure that they see the, you help them reach their peak potential.”
Doubtnut Declined a $150M Byju's Offer Before Selling for $10M
“And obviously you've heard all the stories about how they were offered one, fifty million by uses and acquisition. And finally they got sold for ten million and all that stuff”
Patel: LeadSquared's highest customer ACV was just under $10M
“I would say less than ten million would be more accurate.”
Mohandas Pai: Byju Raveendran is an extraordinary entrepreneur
“See, Baiju is an extraordinary entrepreneur.”
WhiteHat Jr held $14M cash at acquisition after raising only $11M
“It doesn't represent the fact that 70% of revenue comes from referrals and people telling other people and the fact that like a hundred crore a month business in India has been created with no capital or like at the time of acquisition, I had fourteen million …”
Pai: Aarin Capital sold most Byju's equity early and made good returns
“We sold, ah, ah, ah, earlier because we have a put option and all that. Then we had something more. Baidu told us to keep something and that we made good money. So we made our money. We are happy with that.”
WhiteHat Jr delivered a 10x exit for investors in under a year
“I'd raise only ten million dollars. Right. The last round company was valued at only nine months ago was valued at thirty million dollars. Three hundred million dollars straight cash deal would get all of the investors at least a 10 X exit in minimum in less t…”
Lightspeed India's 2 percent Series B or C stake in Byju's returned 100x
“Lightspeed entered by Jews at series B or series C, and it took only two percent ownership. And that two percent ownership today is actually hundred X.”
Pai: Top Indian edtech winners except BYJU'S originated in test prep
“Baijuice is of course slightly more of a learning product but now it's getting into preparation as well, but all the others which have done really well I mean in the, like whether it's an academy, Vedantu, Topper, all of them have come from test prep grade up.…”
Kamath: Byju's acquired Toppr for $150 million
“We got acquired by juice for like one, fifty million dollars back then.”
LeadSquared signed Byju's in Q4 2014, unlocking the edtech vertical
“Sometime during last quarter of 14 We had signed up by Jews as a customer and their growth was phenomenal you know, in from 14 till, you know, 20, 21, 20, 22. And along with them you know, many other ed tech companies also were growing at that time, Vedantu wa…”