Byju’s FY21 loss rises 17x; revenue calculation method changed, says company

Edtech major Byju’s clocked a revenue of Rs 2,428 crore in the financial year ended March 2021, far below its own projections. Its losses in the fiscal rose 17 times to over Rs 4,500 crore as the start-up disclosed its financials for FY21, following an 18-month delay that also attracted government scrutiny.

Byju’s revenue of Rs 2,428 crore in FY21 was almost 14 per cent below that in FY20 when it had posted a revenue of Rs 2,704 crore. It posted a loss of Rs 4,588 crore in 202-21, compared to a loss of Rs 260-crore loss it had incurred in FY20. In the run up to its financial declarations, the start-up had, in several media interviews, claimed that it was expecting to achieve a revenue of $1 billion (Rs 8,000 crore) in FY21.