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Vinayak Shivanagutti
๐7M+ Post Impressio...ย โขย 1y
BYJU's: India's Ed-Tech Leader with a Twist BYJU'S, a household name in India, is the country's leading ed-tech company. Founded in 2011, it offers personalized online learning programs for K-12 students and competitive exam prep for aspirants of IIT-JEE, NEET, IAS, and more. Users: Over 100 million registered students (as of April 2023) [reference this number on the Byju's website] Financial Performance: Revenue: FY 2022 (latest): โน5,298 crore (118% YoY increase) [source: The Hindu Business Line] Revenue growth indicates a large and expanding user base translating to sales. Losses: FY 2022: Reportedly suffered a loss of โน8,245 crore (significant increase) [source: Entrackr] High losses raise concerns about profitability and long-term sustainability. Valuation Rollercoaster: Peak Valuation: $22 billion (2022) - Showcased investor confidence in BYJU's potential. Recent Valuation: $200 million (Jan 2024) - Drastic drop suggests investor concerns about profitability and competition.
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