• HSBC, a major global bank, has estimated that the Indian edtech company Byju's is now worth zero. This comes after Byju's struggled to raise new funding and faced financial difficulties, including delayed financial results and layoffs. HSBC's analysis suggests that Byju's current valuation is unsustainable and that the company may need to undergo significant restructuring to address its challenges.

• The article notes that Byju's was once considered one of India's most valuable startups, with a valuation of over $22 billion. However, the company has faced a range of issues, including allegations of aggressive sales tactics, concerns about its financial reporting, and a slowdown in growth as the pandemic-driven demand for online education waned. These factors have contributed to HSBC's bleak assessment of Byju's current worth.

• The downgrade of Byju's valuation by HSBC is seen as a significant blow to the company's reputation and prospects. It highlights the challenges faced by the broader edtech industry, which has seen a slowdown in growth and increased scrutiny from investors and regulators. The article suggests that Byju's may need to rethink its strategy and operations to regain the trust of investors and customers and secure its long-term viability.