that's the plunge in the valuation of byju's.s valuable start up, the fall in demand for online learning post—covid was one of the reasons for the company was my downfall. foreign investors are suing byju's over missed payments and there have been rates by india's enforcement agencies. look at this — the share price of paytm. the fintech giant had the biggest sale of india last year. but after india's control banker recently asked the company's payment bank the halt business due to regulatory concerns. these two companies, once start up these two companies, once start up darlings, highlight the bows of an ecosystem that's now gasping for breath. let's rewind a little bit to 2021. while covid dealt a brutal blow to the global economy, india's start up industry appeared to be immune. the country need them i commented nearly 50 new tech startu ps them i commented nearly 50 new tech startups with a valuation of over $1 billion. they raised an eye—popping $112 billion. but then, things quickly began going downhill. so what went wrong?

byju is supposed to buy startups.e will have a long-lasting impact for the startups which are in the making, or unicorns in the making, etc. this is with this case for india and the startups as well. rishaad: our conglomerate media and telecoms reporter. while we have been on air, 3.5 minutes into the session in mumbai. 0.8% up for the nifty and sensex. looking at some of the earnings, we had adani coming out with its latest set of numbers. looking at that of course, last time this year it was suffering from that short seller report and has recovered subsequently. actually we have the flagship company offering a 130% increase in net profits. this is all down to its neighbors. positivity once more for adani. now let's have a bit of fun essentially. we have the lunar new year approaching. it's going to bring to an end what has been a difficult, awful 12 months for hong kong's hang seng index. csi says the annual feng shui index indicates a beaten-down wood dragon could find fire in its belly around the middle of the yea

that's the plunge in the valuation of byju's — once considered the world's most valuable edtech start—upof the reasons for the company's downfall. foreign investors are suing byju's over missed payments, and there have been raids by india's enforcement agencies. meanwhile, take a look at this. that's the share price of paytm. the fintech giant had the biggest share sale in india last year. but investors got spooked after india's central bank recently asked the company's payments bank to halt business, due to regulatory concerns. these two companies — once start—up darlings — highlight the woes of an ecosystem that's now gasping for breath. let's rewind a little to 2021. while covid dealt a brutal blow to the global economy, india's start—up industry appeared to be immune. the country minted nearly 50 new tech start—ups with a valuation of over $1 billion. with interest rates at zero, they raised an eye—popping$1t2 billion. but then things quickly began going downhill. so what went wrong? companies raising capital at inflated rounds to leading to founders getting into a market share grab