Byju’s losses stand at Rs 4,588 crore; readjusts revenue for FY21 to Rs 2,280 crore

  • Byju’s revenue from operations for the FY ending March 2021 has been readjusted to Rs 2,280 crore even as the company incurred massive losses of Rs 4,588 crore, up from just Rs 262 crore in the previous fiscal.
  • Byju Raveendran, founder & CEO, mentions that while there was a significant growth in revenue but because of revenue recognition changes, it’s getting pushed to next FY.

[Via]

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