After Cutting Thousands of Jobs, BYJU'S Eye Profitability By March 2024
The recent business restructuring at BYJU’S would lead to the company achieving break-even by the fourth quarter of FY24
Stay updated with breaking news from Great Learning. Get real-time updates on events, politics, business, and more. Visit us for reliable news and exclusive interviews.
The recent business restructuring at BYJU’S would lead to the company achieving break-even by the fourth quarter of FY24
Byju's, the prominent edtech unicorn, has set its sights on achieving a significant milestone: reaching break-even by March 2024.
Edtech major Byju's, which has missed its deadline to file the FY22 financial results in September, said on Saturday that it will now release the financial statement for FY22 in October.
Byju's said on Saturday that it would in the second week of October present the audited fiscal-2022 results to its board, advisory council as well as investors Peak XV Partners and Prosus that have recently withdrawn their representatives from the edtech firms board.
In a statement, the company said it will convene a board meeting in the second week of October “for approval and adoption of accounts for FY22”.