Byju’s posts gross revenue of 100 billion rupees in FY22

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.

Subscribe to our best newsletters

Subscribed to newsletter successfully

Thank you for subscribing to our Daily News Capsule newsletter.