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The Most Valuable Edtech Company in the World Wider Losses for Byju's Despite Expansion

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Byju's, the leader in edtech co-founder Raveendran

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Finally released its financial statistics for the year that ended in March 2021 after months of delay

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They disclose growing losses at India's most valuable unicorn

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From 3.1 billion rupees the year before to 45.6 billion rupees ($573 million)

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The business' operating expenses increased by more than twice

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Revenue slipped 3% to 24.3 billion rupees in the same period

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It is obvious that Byju's needs to make corrections, particularly with regard to revenue recognition

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While the growing demand for online education has aided Byju's rise during pandemic

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The company has expanded through acquisitions, acquiring 15 businesses in India, Asia, and the United States