A Kroll investigation found serious discrepancies with Sumeru Ventures. A fake investment, link with Sri Sri Ravi Shankar and a Rs 2,500-sized hole, skeletons are tumbling out of Byju’s closet thick and fast. My story today on
@MorningContext
@Reuters
awareness about soil is fantastic. but can you update me on how much oil will be burnt? how much carbon footprint he is leaving behind. and finally, if he is a spiritual leader, i am Nelson Mandela.
The best story I have covered in a year. A story of grit, passion, commitment, ambition and dreams. Who are we if we can't even dream?
For me, I saw a glimpse of Hamid in this guy, almost 20 years after reading Idgah...
COVER | 15-year-old Nisar Ahmad from a Delhi slum is India's most promising athlete, rewriting the record books and training at the academy in Jamaica where Usain Bolt comes from.
@sahaprd
charts his story
Why are the front suspension units of Ola S1 scooters breaking?
We found it to be a story deeply rooted in unfettered ambition + greed combined with arrogance + the lack of respect for human lives, all wrapped in a cloak of nationalism. On
@MorningContext
After categorially denying
@MorningContext
story on layoffs,
@BYJUS
has served 'performance notices' to 5,000+ people, reports
@moneycontrolcom
. Managers are asking people to get ready to say ‘bye-bye’ to the company soon. Here's all you need to know:
So the video is real. That an employee had the audacity to record it openly shows things at
@BYJUS
are worse than we know. The VP in question is Soham Sanidhya, who joined Byju's in 2013 from Manipal. He deleted his LinkedIn profile after the video went viral.
A story in five charts, made for
@MorningContext
by the brilliant
@schetan77
Chart 1:
@Olacabs
has raised billions of dollars from investors over the years but the valuation is stuck in the $6bn range. 1/n
scooters continue to burn, AI platform is worse than a joke, cab-hailing platform refuses to work; still, all three are unicorns, and making the founder + one investor rich, very very rich.
Meet Tejashwi Yadav's new star campaigner, Narendra Modi.
He is playing Modi's old speeches during his rallies, literally using CM Modi against PM Modi 😂😂
Excellent strategy, every INDIA party should also follow 🔥
Just to get the girls off his back, Dass one day tossed a football at them, unaware that he was also changing the course of their future. My story for
@Mint_Lounge
on the village of Alakhpura in Haryana where girls in almost every household play football
.
@indiankanoon
was created to make the law accessible to every Indian. It is more relevant today than it probably was a decade back.
@sushantsinha
knows he needs to continue. Whatever it takes. My story today in
@MorningContext
#longreads
1/3
My father, bless his soul, never understood what I do. Mother still doesn't. I haven't asked them for money in 15 years. But they've seen my name in print and I've bought them gifts. All I need now is a fraudulent business to become an interview subject
#NewsBreak
Aakash is Byju’s most prized possession. But Byju's still owes hundreds of millions of dollars to Aakash's past owners and is scrambling for funds. Things are going from bad to worse. I write for
@MorningContext
. [Paywalled]
No investors, no drivers, no engineers, a high attrition rate and the lack of founder's interest have turned
@Olacabs
, once the poster-child of India’s startup ambitions, into a dodo. How did we get here? I write for
@MorningContext
today.
Signing a global superstar for branding is THE ONE THING you mustn’t do after announcing mass layoffs. It is unethical, tone-deaf, and will backfire. Always. That’s management 101. 1/n
No better time than this to replug
@MorningContext
's story on how
#edtech
companies that spend millions of dollars on sponsoring cricket and other PR stunts are making students/parents run pillar to post for refunds.
Unacademy is at a crossroads. It has to either raise funds soon or cut costs big time while not sacrificing growth as it chases profitability. Challenging, when the core product is slowing and capital is hard to come by. Can it? I write for
@MorningContext
Journalism is about finding and reporting stories. Especially those that businesses and their cheerleaders don't want out. The onus to answer lies with the entrepreneur. Crying foul after choosing not to answer specific questions is the easier option. But people know that now.
Sad to see this clickbait journalism.
Fabricating stories about townhalls that never happened to “source driven” fake anecdotes of a downround.
For your own sake, be more responsible about what you write, do the legwork and don’t spread propaganda. People can see through it.
depression is real. been there. still not completely out of it. so if you are in the middle of it, i love you. hang in there. you will find the way out.
my DMs are open if you want to chat.
.
@OlaElectric
ships scooters without the mobile app, hill hold, cruise control, voice commands and Bluetooth, reports ET. Here's from the story on
@MorningContext
two days back:
Read it here:
amazing how people are surprised that Byju's hasn't paid PF. please read
@MorningContext
. we first reported about a working capital crisis at the company in December 2022. it hadn't paid vendors, or filed TDS returns. PF was on and off. these problems have only become worse now.
.
@imsoumyarendra
's story on
@entrackr
about Zomato and the life of their delivery partners is an important one and well-timed. Instead of taking things at face value, it presents the dark underbelly of the much-celebrated platform economy model. short 🧵
Jio Institute is passing anyone off as a faculty. CFO, HR folks, librarian, you name it. This is while it struggles with the lack of clarity on its status.
To make matters worse, the provost has resigned. How did it reach here? I write for
@MorningContext
That Ola Electric has been able to create such hype without a product is the genius of Bhavish Aggarwal, and therein lies the biggest problem: How long can a business as big as Ola run purely on hype? I write on
@MorningContext
on why Ola is stuck.
Byju's is unravelling. How did the company at the top of the startup chart two years back reach here?
Read The Learning Trap (published by
@juggernautbooks
) to know more. Here:
Hurry. Only a few hundred copies left from the first print.
We have an update on yesterday’s story on
@MorningContext
. After its publication, Sri Sri Ravi Shankar’s secretary reached out denying the spiritual guru’s association with Sumeru Ventures.
Here’s the exchange. We have updated the story accordingly. Here:
moving is pain. already dreading the thought of packing our lives in cardboard boxes and then unpacking in the new place. what if some thoughts spill, some memories break? nuts.
Ok, long thread alert. The world waking up to problems at Byju’s made me do this. If you are a reader of
@MorningContext
, you already know this. But for the rest, here’s a list of firsts about the company. 1/n
But first, there is the complete archive:
1. Grover ji isn't a great founder. Light years from it.
2. He is NOT building quietly.
3. Valuation is NOT building.
4. Saying saat khoon maaf for entrepreneurs is easy when the khoon isn't yours.
5. Culture is everything. How you deal with people is EVERYTHING.
#AUSvIND
commentary.
Harsha Bhogle: I think Kohli is also a bit relaxed now as a captain. Earlier he used to give an impression at press conferences that it was him against the world...
Shane Warne: That maybe because he is also very happy in his personal life... 🙂
.
@TheDeshBhakt
puts it succintly: Ask questions. In our rush to put people on the podium, we forget this basic. Had investors asked questions, Byju's won't be where it is today.
A brilliant summary of the entire saga. Also features The Learning Trap. Watch
Entrepreneurs always have the chance to set the record straight before a journalist goes ahead with a story. That's why queries are sent.
If you choose to not answer or try to divert queries, you can't come back and say things like "grave mistakes in financial reporting"
@malikgarv
@malpani
i don't think either of them needs it anymore. they have been proven right, so far as their specific issues with those two companies are concerned
If you believe
@OlaElectric
is working on a car right now, you might as well believe in fairies and gnomes.
@bhash
has no prototype, strategy, tech, platform or even money to suggest he is capable of making an electric car. I write for
@MorningContext
One of the best obits on Irrfan.
@yooday
, have you read?
"These movies didn’t deserve him, but Khan dignified them with his presence, refusing to sink with the flimsy material he was given."
"What does WhiteHat Jr do?" is a question I've often been asked. Initially, I'd say "teaching children to code". Now, "I really don't know".
@akm1410
's story today on
@MorningContext
is a glimpse into the startup hell that WHJ is. Also, it's a FREE READ.
Drop a cool photo of you doing your job.
One of few pics I click with my patients. This one was special. A cirrhosis patient, he came to me in a coma, was on the ventilator for a week, went back home after a month, came back & sang for me in my OPD while playing "finger drums"
Byju's FY21 earnings highlights:
-Losses up 20x to Rs 4588 cr, or Rs 12.5 cr/day
-SD card biz is 80% of the operating revenue
-India sales down 60%
Byju's is a house on fire. Investors still sleeping need to wake up and smell the coffee. By
@akm1410
and me
Can software and games teach people how to read, write and do basic math? A growing number of organisations in India and across the world are trying to answer just that -
@sahaprd
and
@Pranavenstein
write [FREE story]
Edtech major BYJU'S on Sunday announced a cash reward of Rs 2 crore for star India javelin thrower Neeraj Chopra following his gold medal winning feat at the Tokyo Olympics.
#EXCLUSIVE
Byju’s acquired Aakash in 2021 with great fanfare and that business became its crown jewel. Two-and-a-half years later, the merger is still not complete and now Byju’s might lose control of Aakash. Only on
@MorningContext
Ola Fleet Technologies "was a s***show".
Misselling, dubious contracts, allegations of fraud, zero business and over Rs 1,000 crore in cumulative losses; Ola Fleet Technologies is a classic example of how not to do business. I write for
@MorningContext