Sep 3, 2021
By: BI India BureauEdtech giant Byju’s has reported a revenue of ₹2,434 crore in the financial year 2020 that ended in March last year.
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Byju’s earned ₹2,110 crore from its operations in FY20. This was double of ₹1,281 crore from FY19.
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Bengaluru-based startup reported a revenue of ₹3,022 crore in FY20, more than double of ₹1,376 crore reported in the previous year.
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Byju’s reported a net profit of ₹51 crore in fiscal year 2020 versus ₹20 crore reported in FY19.
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The decade-old startup also set up a new entity in Singapore named Byju’s Pte. Ltd in January 2020.
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Byju’s is going big on international expansion in 2021. It has already acquired four businesses — Epic, Great Learning and Whodat. It had acquired US-based Osmo in 2019.
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The world’s highest valued edtech startup spent ₹881 crore on advertising and marketing in FY20, almost double from ₹447 crore reported in FY19.
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Byju’s paid ₹293 crore as salaries and wages in FY20, compared to ₹244 crore paid in FY19.
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Byju Ravendeeran, chief executive and co-founder of Byju’s, owns about 50 percent stake in the company. If not diluted in the last one year, this could be worth $8.5 billion, as per its current valuation.
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Byju’s has raised $1.3 billion in the last eighteen months from investors like Tiger Global, Silver Lake, DST Global and Qatar Investment Authority (QIB).
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