Byju’s losses swell to Rs 4,588 crore in delayed FY21 results

Byju’s, India’s most valued startup, said its revenue from operations for the financial year ended March 2021 has been readjusted to Rs 2,280 crore even as the company incurred massive losses of Rs 4,588 crore, up from just Rs 262 crore in the previous fiscal. This marks a significant drop of 48% from the projected revenue of about Rs 4,400 crore cited in the unaudited results of Think & Learn Pvt Ltd, which runs the edtech firm that has been facing intense scrutiny over its accounting practices in recent months.