scorecardresearchByju’s Reports Widening Losses After Prolonged Audit Delay

Byju’s Reports Widening Losses After Prolonged Audit Delay

Updated: 14 Sep 2022, 04:19 PM IST
TL;DR.
The company reported a 13-fold widening in losses in the year through March 2021, with net losses swelling to 45.7 billion rupees ($575 million) as it boosted spending to bolster growth. Sales were little changed from the previous 12 months however, at 24.3 billion rupees.
Byju Raveendran co-founded Byju's app, a unicorn in India. Photo: Mint

Byju Raveendran co-founded Byju's app, a unicorn in India. Photo: Mint