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Byju's failure: Gaurav Munjal highlighted the value of ‘blunt’ feedback portion sharing his views connected edu-tech large Byju's melodramatic downfall.
Byju Raveendran.(AFP)Unacademy Chief Executive Officer Gaurav Munjal connected Friday shared his instrumentality connected the downfall of ed-tech steadfast Byju's and its laminitis Byju Raveendran, highlighting the value of ‘blunt feedback’ successful moving a business. In a station connected X, formerly Twitter, Munjal said the troubled ed-tech startup's laminitis stopped listening and failed to person radical who could springiness him the close feedback.
“He enactment himself connected a pedestal and stopped listening,” posted Munjal. “Don’t perceive to everyone but person radical who tin springiness you blunt feedback,” helium wrote.
Byju failed due to the fact that helium didn’t perceive to anyone. He enactment himself connected a pedestal and stopped listening. Don’t bash that. Never bash that. Don’t perceive to everyone but person radical who tin springiness you blunt feedback.
— Gaurav Munjal (@gauravmunjal) June 27, 2024Munjal questioned Byju Raveendran's enactment and his quality to instrumentality feedback and to enactment connected it. “You mightiness not ever similar the feedback, but instrumentality the feedback and enactment connected it,” said Munjal successful his post.
Munjal besides shared his views and learning from the past 2 years with his followers connected X.
Here are 5 takeaways from his post
- If you are gathering for India, you indispensable person immoderate signifier of offline play.
- When times are tough, summation transparency by 10x with your investors and squad members.
- When taking pugnacious decisions, don’t fell down soundless layoffs oregon much specified blase things. Be transparent supra all.
- Business exemplary innovation is much important than merchandise innovation.
- Figuring retired what your leverage points are and playing the crippled accordingly is the mode to win. Not by blindly executing.
Munjal's instrumentality connected Byju Raveendran highlights the lawsuit survey of the emergence and autumn of Byju's arsenic a company. The Ministry of Corporate Affairs connected June 26 denied giving a cleanable chit to Bjyu's amid allegations of fiscal fraud. The investigations are inactive continuing into allegations of fiscal misconduct involving Byju's, the ministry had clarified.
Once valued astatine $22 billion, the valuation of Byju's has plummeted to $1 billion, aft BlackRock reduced its holdings successful Byju's, according to media reports.
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