{"id":10246,"date":"2023-11-06T15:36:07","date_gmt":"2023-11-06T15:36:07","guid":{"rendered":"https:\/\/infundpros.com\/markets\/stocks\/byjus-reports-increased-revenue-but-faces-challenges-amid-layoffs-and-valuation-cuts\/"},"modified":"2023-11-06T15:36:07","modified_gmt":"2023-11-06T15:36:07","slug":"byjus-reports-increased-revenue-but-faces-challenges-amid-layoffs-and-valuation-cuts","status":"publish","type":"post","link":"https:\/\/infundpros.com\/?p=10246","title":{"rendered":"Byju’s reports increased revenue but faces challenges amid layoffs and valuation cuts"},"content":{"rendered":"
\n
\n

\u00a9 Reuters. <\/span>
\n<\/i>\n<\/div>\n

Indian edtech firm, Byju’s, has reported an increase in its FY22 revenue to Rs 3,569 crore, up from Rs 1,552 crore in FY21. However, the company has also reported an EBITDA loss of over Rs 2,250 crore for its standalone business. The parent company of Byju’s, Think & Learn Pvt. Ltd., also experienced a rise in revenue and a reduced EBITDA loss of Rs 2,253 crore from Rs 2,406 crore year-on-year.<\/p>\n

The past year has been marked by several challenges for Byju’s, including nine acquisitions, mass layoffs, and a wave of resignations. Notable among these resignations were Chief Business Officer Pratyusha Agarwal and auditor Deloitte, along with three key investor representatives. These issues were accompanied by a thirteenfold increase in losses in FY21 due to changes in accounting practices and deferred revenues.<\/p>\n

Despite these hurdles, CEO Byju Raveendran remains optimistic about the company’s future. The company had projected a revenue of Rs 10,000 crore in unaudited FY22 numbers but faced valuation cuts by prominent investors and searches by the Enforcement Directorate.<\/p>\n

Currently, Byju’s is behind on its FY23 results and has been grappling with disgruntled employees voicing their concerns on social media.<\/p>\n

This article was generated with the support of AI and reviewed by an editor. For more information see our T&C.<\/em><\/p>\n<\/div>\n

Read the full article here<\/a><\/p>\n","protected":false},"excerpt":{"rendered":"

\u00a9 Reuters. Indian edtech firm, Byju’s, has reported an increase in its FY22 revenue to Rs 3,569 crore, up from Rs 1,552…<\/p>\n","protected":false},"author":1,"featured_media":1694,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[27],"tags":[],"class_list":{"0":"post-10246","1":"post","2":"type-post","3":"status-publish","4":"format-standard","5":"has-post-thumbnail","7":"category-stocks"},"yoast_head":"\nByju's reports increased revenue but faces challenges amid layoffs and valuation cuts | inFundPros<\/title>\n<meta name=\"description\" content=\"\u00a9 Reuters. Indian edtech firm, Byju's, has reported an increase in its FY22 revenue to Rs 3,569 crore, up from Rs 1,552 crore in FY21. However, the\" \/>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/infundpros.com\/?p=10246\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Byju's reports increased revenue but faces challenges amid layoffs and valuation cuts | inFundPros\" \/>\n<meta property=\"og:description\" content=\"\u00a9 Reuters. Indian edtech firm, Byju's, has reported an increase in its FY22 revenue to Rs 3,569 crore, up from Rs 1,552 crore in FY21. However, the\" \/>\n<meta property=\"og:url\" content=\"https:\/\/infundpros.com\/?p=10246\" \/>\n<meta property=\"og:site_name\" content=\"inFundPros\" \/>\n<meta property=\"article:published_time\" content=\"2023-11-06T15:36:07+00:00\" \/>\n<meta property=\"og:image\" content=\"https:\/\/infundpros.com\/wp-content\/uploads\/2023\/10\/LYNXNPEC0D0AP_L.jpg\" \/>\n\t<meta property=\"og:image:width\" content=\"800\" \/>\n\t<meta property=\"og:image:height\" content=\"533\" \/>\n\t<meta property=\"og:image:type\" content=\"image\/jpeg\" \/>\n<meta name=\"author\" content=\"Press Room\" \/>\n<meta name=\"twitter:card\" content=\"summary_large_image\" \/>\n<meta name=\"twitter:label1\" content=\"Written by\" \/>\n\t<meta name=\"twitter:data1\" content=\"Press Room\" \/>\n\t<meta name=\"twitter:label2\" content=\"Est. reading time\" \/>\n\t<meta name=\"twitter:data2\" content=\"1 minute\" \/>\n<script type=\"application\/ld+json\" class=\"yoast-schema-graph\">{\"@context\":\"https:\/\/schema.org\",\"@graph\":[{\"@type\":\"Article\",\"@id\":\"https:\/\/infundpros.com\/?p=10246#article\",\"isPartOf\":{\"@id\":\"https:\/\/infundpros.com\/?p=10246\"},\"author\":{\"name\":\"Press Room\",\"@id\":\"https:\/\/infundpros.com\/#\/schema\/person\/87f7e632b195ea95c91503d9281f5eff\"},\"headline\":\"Byju’s reports increased revenue but faces challenges amid layoffs and valuation cuts\",\"datePublished\":\"2023-11-06T15:36:07+00:00\",\"dateModified\":\"2023-11-06T15:36:07+00:00\",\"mainEntityOfPage\":{\"@id\":\"https:\/\/infundpros.com\/?p=10246\"},\"wordCount\":232,\"commentCount\":0,\"publisher\":{\"@id\":\"https:\/\/infundpros.com\/#organization\"},\"articleSection\":[\"Stocks\"],\"inLanguage\":\"en-US\",\"potentialAction\":[{\"@type\":\"CommentAction\",\"name\":\"Comment\",\"target\":[\"https:\/\/infundpros.com\/?p=10246#respond\"]}]},{\"@type\":\"WebPage\",\"@id\":\"https:\/\/infundpros.com\/?p=10246\",\"url\":\"https:\/\/infundpros.com\/?p=10246\",\"name\":\"Byju's reports increased revenue but faces challenges amid layoffs and valuation cuts | inFundPros\",\"isPartOf\":{\"@id\":\"https:\/\/infundpros.com\/#website\"},\"datePublished\":\"2023-11-06T15:36:07+00:00\",\"dateModified\":\"2023-11-06T15:36:07+00:00\",\"description\":\"\u00a9 Reuters. Indian edtech firm, Byju's, has reported an increase in its FY22 revenue to Rs 3,569 crore, up from Rs 1,552 crore in FY21. However, the\",\"breadcrumb\":{\"@id\":\"https:\/\/infundpros.com\/?p=10246#breadcrumb\"},\"inLanguage\":\"en-US\",\"potentialAction\":[{\"@type\":\"ReadAction\",\"target\":[\"https:\/\/infundpros.com\/?p=10246\"]}]},{\"@type\":\"BreadcrumbList\",\"@id\":\"https:\/\/infundpros.com\/?p=10246#breadcrumb\",\"itemListElement\":[{\"@type\":\"ListItem\",\"position\":1,\"name\":\"Home\",\"item\":\"https:\/\/infundpros.com\/\"},{\"@type\":\"ListItem\",\"position\":2,\"name\":\"Byju’s reports increased revenue but faces challenges amid layoffs and valuation cuts\"}]},{\"@type\":\"WebSite\",\"@id\":\"https:\/\/infundpros.com\/#website\",\"url\":\"https:\/\/infundpros.com\/\",\"name\":\"Fintech Advance\",\"description\":\"Latest Finance and Tech News and Updates\",\"publisher\":{\"@id\":\"https:\/\/infundpros.com\/#organization\"},\"potentialAction\":[{\"@type\":\"SearchAction\",\"target\":{\"@type\":\"EntryPoint\",\"urlTemplate\":\"https:\/\/infundpros.com\/?s={search_term_string}\"},\"query-input\":\"required name=search_term_string\"}],\"inLanguage\":\"en-US\"},{\"@type\":\"Organization\",\"@id\":\"https:\/\/infundpros.com\/#organization\",\"name\":\"Fintech Advance\",\"url\":\"https:\/\/infundpros.com\/\",\"logo\":{\"@type\":\"ImageObject\",\"inLanguage\":\"en-US\",\"@id\":\"https:\/\/infundpros.com\/#\/schema\/logo\/image\/\",\"url\":\"https:\/\/infundpros.com\/wp-content\/uploads\/2023\/10\/tech-logo.png\",\"contentUrl\":\"https:\/\/infundpros.com\/wp-content\/uploads\/2023\/10\/tech-logo.png\",\"width\":409,\"height\":70,\"caption\":\"Fintech Advance\"},\"image\":{\"@id\":\"https:\/\/infundpros.com\/#\/schema\/logo\/image\/\"}},{\"@type\":\"Person\",\"@id\":\"https:\/\/infundpros.com\/#\/schema\/person\/87f7e632b195ea95c91503d9281f5eff\",\"name\":\"Press Room\",\"image\":{\"@type\":\"ImageObject\",\"inLanguage\":\"en-US\",\"@id\":\"https:\/\/infundpros.com\/#\/schema\/person\/image\/\",\"url\":\"https:\/\/infundpros.com\/wp-content\/uploads\/2023\/10\/avatar_user_1_1697230663-96x96.png\",\"contentUrl\":\"https:\/\/infundpros.com\/wp-content\/uploads\/2023\/10\/avatar_user_1_1697230663-96x96.png\",\"caption\":\"Press Room\"},\"sameAs\":[\"https:\/\/infundpros.com\"],\"url\":\"https:\/\/infundpros.com\/?author=1\"}]}<\/script>\n<!-- \/ Yoast SEO plugin. -->","yoast_head_json":{"title":"Byju's reports increased revenue but faces challenges amid layoffs and valuation cuts | inFundPros","description":"\u00a9 Reuters. Indian edtech firm, Byju's, has reported an increase in its FY22 revenue to Rs 3,569 crore, up from Rs 1,552 crore in FY21. However, the","robots":{"index":"index","follow":"follow","max-snippet":"max-snippet:-1","max-image-preview":"max-image-preview:large","max-video-preview":"max-video-preview:-1"},"canonical":"https:\/\/infundpros.com\/?p=10246","og_locale":"en_US","og_type":"article","og_title":"Byju's reports increased revenue but faces challenges amid layoffs and valuation cuts | inFundPros","og_description":"\u00a9 Reuters. Indian edtech firm, Byju's, has reported an increase in its FY22 revenue to Rs 3,569 crore, up from Rs 1,552 crore in FY21. However, the","og_url":"https:\/\/infundpros.com\/?p=10246","og_site_name":"inFundPros","article_published_time":"2023-11-06T15:36:07+00:00","og_image":[{"width":800,"height":533,"url":"https:\/\/infundpros.com\/wp-content\/uploads\/2023\/10\/LYNXNPEC0D0AP_L.jpg","type":"image\/jpeg"}],"author":"Press Room","twitter_card":"summary_large_image","twitter_misc":{"Written by":"Press Room","Est. reading time":"1 minute"},"schema":{"@context":"https:\/\/schema.org","@graph":[{"@type":"Article","@id":"https:\/\/infundpros.com\/?p=10246#article","isPartOf":{"@id":"https:\/\/infundpros.com\/?p=10246"},"author":{"name":"Press Room","@id":"https:\/\/infundpros.com\/#\/schema\/person\/87f7e632b195ea95c91503d9281f5eff"},"headline":"Byju’s reports increased revenue but faces challenges amid layoffs and valuation cuts","datePublished":"2023-11-06T15:36:07+00:00","dateModified":"2023-11-06T15:36:07+00:00","mainEntityOfPage":{"@id":"https:\/\/infundpros.com\/?p=10246"},"wordCount":232,"commentCount":0,"publisher":{"@id":"https:\/\/infundpros.com\/#organization"},"articleSection":["Stocks"],"inLanguage":"en-US","potentialAction":[{"@type":"CommentAction","name":"Comment","target":["https:\/\/infundpros.com\/?p=10246#respond"]}]},{"@type":"WebPage","@id":"https:\/\/infundpros.com\/?p=10246","url":"https:\/\/infundpros.com\/?p=10246","name":"Byju's reports increased revenue but faces challenges amid layoffs and valuation cuts | inFundPros","isPartOf":{"@id":"https:\/\/infundpros.com\/#website"},"datePublished":"2023-11-06T15:36:07+00:00","dateModified":"2023-11-06T15:36:07+00:00","description":"\u00a9 Reuters. Indian edtech firm, Byju's, has reported an increase in its FY22 revenue to Rs 3,569 crore, up from Rs 1,552 crore in FY21. However, the","breadcrumb":{"@id":"https:\/\/infundpros.com\/?p=10246#breadcrumb"},"inLanguage":"en-US","potentialAction":[{"@type":"ReadAction","target":["https:\/\/infundpros.com\/?p=10246"]}]},{"@type":"BreadcrumbList","@id":"https:\/\/infundpros.com\/?p=10246#breadcrumb","itemListElement":[{"@type":"ListItem","position":1,"name":"Home","item":"https:\/\/infundpros.com\/"},{"@type":"ListItem","position":2,"name":"Byju’s reports increased revenue but faces challenges amid layoffs and valuation cuts"}]},{"@type":"WebSite","@id":"https:\/\/infundpros.com\/#website","url":"https:\/\/infundpros.com\/","name":"Fintech Advance","description":"Latest Finance and Tech News and Updates","publisher":{"@id":"https:\/\/infundpros.com\/#organization"},"potentialAction":[{"@type":"SearchAction","target":{"@type":"EntryPoint","urlTemplate":"https:\/\/infundpros.com\/?s={search_term_string}"},"query-input":"required name=search_term_string"}],"inLanguage":"en-US"},{"@type":"Organization","@id":"https:\/\/infundpros.com\/#organization","name":"Fintech Advance","url":"https:\/\/infundpros.com\/","logo":{"@type":"ImageObject","inLanguage":"en-US","@id":"https:\/\/infundpros.com\/#\/schema\/logo\/image\/","url":"https:\/\/infundpros.com\/wp-content\/uploads\/2023\/10\/tech-logo.png","contentUrl":"https:\/\/infundpros.com\/wp-content\/uploads\/2023\/10\/tech-logo.png","width":409,"height":70,"caption":"Fintech Advance"},"image":{"@id":"https:\/\/infundpros.com\/#\/schema\/logo\/image\/"}},{"@type":"Person","@id":"https:\/\/infundpros.com\/#\/schema\/person\/87f7e632b195ea95c91503d9281f5eff","name":"Press Room","image":{"@type":"ImageObject","inLanguage":"en-US","@id":"https:\/\/infundpros.com\/#\/schema\/person\/image\/","url":"https:\/\/infundpros.com\/wp-content\/uploads\/2023\/10\/avatar_user_1_1697230663-96x96.png","contentUrl":"https:\/\/infundpros.com\/wp-content\/uploads\/2023\/10\/avatar_user_1_1697230663-96x96.png","caption":"Press Room"},"sameAs":["https:\/\/infundpros.com"],"url":"https:\/\/infundpros.com\/?author=1"}]}},"amp_enabled":true,"_links":{"self":[{"href":"https:\/\/infundpros.com\/index.php?rest_route=\/wp\/v2\/posts\/10246","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/infundpros.com\/index.php?rest_route=\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/infundpros.com\/index.php?rest_route=\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/infundpros.com\/index.php?rest_route=\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/infundpros.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcomments&post=10246"}],"version-history":[{"count":1,"href":"https:\/\/infundpros.com\/index.php?rest_route=\/wp\/v2\/posts\/10246\/revisions"}],"predecessor-version":[{"id":10247,"href":"https:\/\/infundpros.com\/index.php?rest_route=\/wp\/v2\/posts\/10246\/revisions\/10247"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/infundpros.com\/index.php?rest_route=\/wp\/v2\/media\/1694"}],"wp:attachment":[{"href":"https:\/\/infundpros.com\/index.php?rest_route=%2Fwp%2Fv2%2Fmedia&parent=10246"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/infundpros.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcategories&post=10246"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/infundpros.com\/index.php?rest_route=%2Fwp%2Fv2%2Ftags&post=10246"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}