Byju’s losses surge to Rs 4588 crore in FY21

BENGALURU: Edtech major Byju’s has reported consolidated loss of Rs 4,588 crore in FY21 compared to Rs 262 crore in the previous fiscal. After an almost 18 months’ delay, Byju’s parent Think and Learn on Wednesday disclosed its financial results for FY21.

The company has received an unqualified report for FY21 from its auditor, Deloitte Haskins & Sells. The revenue for FY 21 of the group stood at Rs 2,428 crore.