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By Peerzada Abrar ‘Byju’s financials only reflect the core business. At a group level, they are experiencing substantial losses.’ Beleaguered edtech giant Byju’s is grappling with the need to significantly reduce its losses in order to establish a sustainable business for the long term, according to industry insiders and analysts. The company is currently facing
'Byju's financials only reflect the core business. At a group level, they are experiencing substantial losses.'
With Byju’s releasing only partial numbers for FY22, the mystery around its overall financial health continues
The well-known edtech decacorn BYJU'S is presently going through a number of turbulent changes led by Arjun Mohan, the company's new India CEO. The corporation is navigating through a number of difficulties that have attracted the attention of the industry, including plans to sell subsidiaries, layoffs, and leadership departures.
Ramachandran's departure follows the resignation of the company's Chief Operating Officer, Vivek Sinha, just two months earlier.