India's Byju's posts gross revenue of 100 bln rupees in FY22
- By Reuters -
- Sep 14, 2022
BENGALURU: Tiger Global-backed edtech startup Byju’s on Wednesday reported gross revenue of nearly 100 billion rupees ($1.26 billion) in fiscal year 2022, after posting a revenue of 24.28 billion rupees in the previous year.
Revenue for the first four months of this fiscal year stood at 45.30 billion rupees.
Further, the company said almost 40% of its revenue in fiscal year 2021 was deferred to subsequent years due to adoption of a new revenue recognition.
ABOUT BYJU’S
BYJU’S is a global edtech company, providing highly adaptive, engaging, and effective learning solutions to more than 150 million students around the world. Founded in India in 2011. The company says it’s mission is to make high-quality learning accessible to students everywhere.
The BYJU’S family of brands includes Disney-BYJU’S Early Learn,FutureSchool, epic!, Osmo, Tynker, Toppr, and WhiteHat Jr, along with its beloved flagship product BYJU’S – The Learning App. Together, it support Pre-K – 12 education and a wide range of competitive exams. Since 2017, BYJU’S has completed more than 15 acquisitions, including companies in the U.S., India, and Singapore. A 2021 Time 100 Most Influential Company, BYJU’S is headquartered in India, with operations in more than 21 countries globally and learning programs in multiple languages.