Edtech major Byju’s tells investors it will file 2022 earnings by Sept

Education technology major Byju’s, which lost its auditor after delaying financial statements, has told investors it will file 2022 audited earnings by September and 2023 results by December, a person with direct knowledge of the matter said.

Deloitte said on Thursday it was severing ties with Byju’s, one of India’s most successful start-ups, over its “long-delayed” financial statements for the year ended March 2022.

Board members representing Peak XV Partners, earlier known as Sequoia Capital India, Prosus, and Chan Zuckerberg Initiative also stepped down, without publicly expressing their reasons.