Byju’s audited revenue may be lower than projected by edtech unicorn

Byju Raveendran, the co-founder and chief executive of ed-tech unicorn Byju’s, has briefed shareholders and board members about the difference between its projected revenue and audited numbers, multiple sources briefed on the matter said. The discrepancies arose due to a change in the way the startup recognises its revenue, sources privy to the matter said, adding that the revenue number would be lower and will reflect in its annual report soon.