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achow

Very recently this startup WhiteHat Jr. was acquired for $300M by another EdTech startup Byju (valuation: $11B!).

Byju is known to be very aggressive in sales and marketing.. and they have been controversial.

https://www.moneylife.in/article/criticism-of-top-marketing-...

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How does byjus have that valuation? That seems a little too much.

Is there something shody going on here? Their financial report says they are profitable since last year.

This probably explains it a little: https://www.reddit.com/r/IndiaInvestments/comments/ifjh95/ho...

Note that Byju's reported revenue in 2019 was $78M, so we are looking at a multiplier of around 140! Probably nothing shady though, just VCs being VCs, hoping to unload this on the public through an IPO, make their money and get out.

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