Meesho’s fintech bet; Byju’s valuation crashes 99%

Meesho’s fintech bet; Byju’s valuation crashes 99%

Meesho, a leading Indian social commerce platform, recently made a significant move in the fintech industry. The company announced its entry into the digital lending space as part of its expansion plans. Meesho aims to provide easy access to credit for its sellers and boost their businesses. On the other hand, Byju’s, a prominent edtech startup, faced a massive setback as its valuation plummeted by 99%. The crash in valuation raises concerns about the sustainability of the edtech unicorn’s business model. Find out more about these developments and their implications on the Indian startup ecosystem in this article.

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