In this episode, Lucas and Luna examine the dramatic rise and fall of Byju's, once India's most valuable edtech startup. They break down how aggressive marketing, expensive acquisitions, and a flawed business model led to a billion-dollar burn. The hosts discuss the lessons for other edtech companies and the broader implications for the global online learning market. Specific figures include Byju's peak valuation of $22 billion, its $1 billion-plus annual losses, and the role of its $800 million acquisition of Aakash Institute. The episode offers a cautionary tale about growth-at-all-costs strategies in education technology.

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