BYJU'S, once valued at $22 billion, has become one of the biggest corporate collapses in India's startup history. Unsustainable cash burn, financial mismanagement, and a $1.2 billion loan contributed to its downfall. Delayed audits, an acquisition spree, and legal disputes over funds further eroded investor trust. BYJU's rapid expansion during Covid-19 led to allegations of a toxic work culture.