How Byju's Lost $22 Billion

In 2022, Byju's was India's most valuable startup: worth $22 billion, sponsoring the FIFA World Cup and partnering with Lionel Messi. Two years later, its largest outside investor valued its stake at zero, and a US court was tracing $533 million in loan money through a hedge fund called Camshaft. This is the full story of how Byju's rose, and how it fell. Chapters: 0:00 The $22 billion question 0:29 The teacher from Kerala 1:20 The pandemic rocket 2:55 The cracks 4:18 The $533 million question 5:42 The unravelling 6:48 Where it stands (Oct 2026) 7:36 Lessons 8:02 What's next Legal note: Several matters described in this video are ongoing. Byju Raveendran has denied wrongdoing. He is appealing the March 2026 US judgment against him and the May 2026 Singapore contempt ruling. Findings described are those of the courts as reported in public filings and press coverage. This video is for educational purposes only. Disclosure: Narration uses an AI-generated voice. Visuals are AI-generated illustrations and code-generated charts. No footage shows the real people named, and no real company logos are used. Sources: CNBC — Rise and fall of Byju's: https://www.cnbc.com/2024/03/01/the-r... BYJU'S — Founder profile: https://byjus.com/byju-raveendran/ ABC News — India's newest billionaire (2019): https://abcnews.com/International/tea... BYJU'S press — FIFA World Cup 2022 sponsorship: https://byjus.com/press/byjus-becomes... Business Standard — Messi ambassador; 2,500 layoffs: https://www.business-standard.com/art... Economic Times — Byju's crisis timeline: https://economictimes.indiatimes.com/... Indian Express — Explained: loan default, $5B raised: https://indianexpress.com/article/exp... Indian Express — Auditor quits; FY21 loss; BlackRock $8.4B: https://indianexpress.com/article/bus... ET — Unicorn, ~$1B (Mar 2018): https://economictimes.indiatimes.com/... TechCrunch — ~$5.7B (Jul 2019): https://techcrunch.com/2019/07/10/byj... TechCrunch — $10.8B (Sep 2020): https://techcrunch.com/2020/09/07/sil... TechCrunch — $16.5B (Jun 2021): https://techcrunch.com/2021/06/12/ubs... TechCrunch — $22B (Mar 2022): https://techcrunch.com/2022/03/11/byj... TechCrunch — BlackRock mark, $8.4B (2023): https://techcrunch.com/2023/05/30/bla... Reuters — Deloitte and three board members exit: https://www.reuters.com/technology/th... Reuters — Prosus writes off 9.6% stake: https://www.reuters.com/business/pros... TechCrunch — Prosus zeroes out stake: https://techcrunch.com/2024/06/24/pro... US District Court (D. Del.), order of 8 Sept 2026, C.A. No. 25-322: https://www.ded.uscourts.gov/sites/de... US District Court (D. Del.), opinion of 31 July 2026, Nos. 25-498/25-500: https://www.ded.uscourts.gov/sites/de... US Bankruptcy Court (D. Del.), summary judgment opinion: https://www.deb.uscourts.gov/sites/de... Bloomberg Law — Lenders seek ~$715M from founder: https://news.bloomberglaw.com/bankrup... Singapore High Court — Qatar Holding v Byju's Investments [2026] SGHC 217: https://www.elitigation.sg/gdviewer/s... The Hindu BusinessLine — Singapore court declines to halt contempt order: https://www.thehindubusinessline.com/... New Indian Express — Students and staff await compensation; founder's denial: https://www.newindianexpress.com/busi... #Byjus #BusinessDocumentary #Startup #EmpireFiles