Turmoil at Byju’s highlights hurdles for India startup scene
India's startup ecosystem is facing challenges as funding dries up and governance issues arise. Byju's, India's most valuable startup, is in turmoil after missing financial deadlines and losing its auditor and board members. Other startups, including BharatPe and GoMechanic, have also faced scandals. The intense price competition and limited spending power of India's consumer market make it difficult for startups to reach profitability.
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