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In recent times, BYJU'S, a prominent player in the edtech sector, has been grappling with a series of challenges, ranging from employee layoffs to financial restructuring.
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.'
BYJU'S-owned Great Learning's net loss widens by 120% to INR 357 crore in FY23 despite revenue growth of 44%.. Let us explore.....
Byju's-owned professional learning platform Great Learning cut its losses by nearly 28 per cent to Rs 222 crore in FY23 from Rs 307 crore in FY22.Great Learning, acquired by edtech major Byju’s for $600 million in July 2021, registered ...