In 2025, Physics Wallah surged with ₹1,940 crore revenue yet net losses surged due to accounting adjustments; Byju’s remains mired in insolvency after dramatic valuation collapse; Unacademy is now “default alive,” cutting cash burn from ₹1,000 crore to ₹200 crore and stabilizing with profitable offline centers.
Byju’s, once heralded as a flagship in India’s edtech sector, is grappling with severe financial and operational challenges, marked by a dramatic valuation drop. The company, which sought to stabilize its operations and finances, is now raising funds at a valuation significantly lower than its peak. This development comes amid efforts to address a substantial debt burden, with Byju’s proposing a repayment plan for its $1.2 billion loan. Investor confidence appears shaken, with some stakeholders pushing for drastic changes in leadership to navigate the crisis effectively. The turmoil reflects broader sectoral pressures and raises questions about the sustainability of high-growth trajectories in the edtech industry
Byju’s Faces Drastic Valuation Cut Amid Financial Turmoil
“There’s no established playbook in edtech. We’re all figuring it out. It is freeing from a product-design perspective. You have to create mission-oriented teams that can build a lot of new ideas,” Ranjith Radhakrishnan, Chief Product Officer at
