The Byju Raveendran-owned firm has raised over $5.183 billion so far, and the latest funding round was a Series H-II for $63 million from Chan Zuckerberg Initiative, which had first invested in the firm in 2016. BENGALURU (Reuters) -Tiger Global-backed Byju's on Wednesday reported a loss of 45.64 billion rupees ($574.06 million) for the 2021 fiscal year as promotion and employee expenses rose, with. Apart from Byjus, at the 54th position is OYO which is valued at $9.6 billion. Get the monthly weather forecast for Beiu, Bihor, Romnia, including daily high/low, historical averages, to help you plan ahead. January 4, 2023, 8:06 am, by As soon as this statistic is updated, you will immediately be notified via e-mail. Any cookies that may not be particularly necessary for the website to function and is used specifically to collect user personal data via analytics, ads, other embedded contents are termed as non-necessary cookies. + Byjus announced on July 26 that was buying professional training and higher education platform Great Learning for $600 million. 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Calling the blip as a result of the change in financial reporting structure, Byju Raveendran, the founder and CEO of the company said in an interview with Mint today morning that subsequent years results will show a stronger financial growth and uptick in numbers. Nisa Ozcelik to incorporate the statistic into your presentation at any time. ", Inc42 & Entrackr, Revenue of BYJU'S - The Learning App in India from financial year 2018 to 2021 (in billion Indian rupees) Statista, https://www.statista.com/statistics/1239071/byju-net-revenue/ (last visited June 03, 2023), Revenue of BYJU'S - The Learning App in India from financial year 2018 to 2021 (in billion Indian rupees) [Graph], Inc42, & Entrackr, September 3, 2021. 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"We were looking for listing somewhere during this year, which now will get pushed out," Byju Raveendran, co-founder and chief executive, told Reuters. [Online]. dividende D205, declaratia unica. Whether youre looking to [] More, On Thursday, vacation rental company Airbnb filed a lawsuit against New York City asking the court to halt the implementation of a new law which will require hosts to register for an operating license, as reported by Reuters. Maya Robertson You are just one step away from creating your watchlist! 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Poet Laureate Ada Limon was asked to write a poem for inscription on a NASA spacecraft headed to Jupiter's icy moon Europa, she felt a rush of excitement at the honor, followed by bewilderment at the seeming enormity of the task. Education technology was one of the few sectors that took off since the onset of the pandemic as lockdowns forced schools to shut for months together. "Revenue of Byju's - The Learning App in India from Financial Year 2018 to 2021 (in Billion Indian Rupees). (Reporting by Nishit Navin in Bengaluru; Editing by Dhanya Ann Thoppil and Krishna Chandra Eluri). "That's another billion-dollar revenue opportunity in three years," he said. Remove some to bookmark this image. We plan to invest $150 million on marketing for this. Edtech entrepreneur Byju Raveendran is on a buying spree. Byjus, also backed by Mark Zuckerbergs Chan Zuckerberg Initiative, had been on an accelerated expansion spree globally, buying multiple startups in the US and elsewhere. March 30, 2023, 7:57 pm, Developers of third party Reddit apps are expressing their concerns due to the upcoming changes to the companys API pricing. Apr 23, 2021 BYJU'S, the brand name for Think and Learn Private Limited is an online education startup. Revenue of BYJU'S - The Learning App in India from financial year 2018 to 2021 (in billion Indian rupees) [Graph]. BlackRock has marked down the value of its stake in Indian edtech start-up Byju's by 26% in Q1 2022 and by 62% YoY, reducing the firm's estimated valuation to less than $8.4bn. Byjus doubled its revenue to around $370 million (2,800 crore) in the year ending March 2020. For reprint rights: Syndications Today, Byju's eyes Rs 10,000 cr revenue this year, Byju's founder Byju Raveendran the edtech giant will easily clock Rs 10,000 crore revenue this year, Posted by: Manali, Aug 28, 2021, 8:06 AM IST. "Now the timeline is end of next year, assuming the macro will improve.". Byjus, Indias 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. Accessed June 03, 2023. https://www.statista.com/statistics/1239071/byju-net-revenue/, Inc42, and Entrackr. BENGALURU (Reuters) -Tiger Global-backed Byju's on Wednesday reported a loss of 45.64 billion rupees ($574.06 million) for the 2021 fiscal year as promotion and employee expenses rose, with the edtech startup pushing listing plans to next year due to uncertain global conditions. Copyright HT Digital Streams Ltd. All rights reserved. See the full list here. Overview and forecasts on trending topics, Industry and market insights and forecasts, Key figures and rankings about companies and products, Consumer and brand insights and preferences in various industries, Detailed information about political and social topics, All key figures about countries and regions, Market forecast and expert KPIs for 1000+ markets in 190+ countries & territories, Insights on consumer attitudes and behavior worldwide, Business information on 70m+ public and private companies, Detailed information for 35,000+ online stores and marketplaces. Apart from Tiger Global, Byju's, founded in 2011, counts Sequoia, General Atlantic, BlackRock and Meta Platforms chief executive Mark Zuckerberg's Chan-Zuckerberg Initiative among its investors. The company's revenue dipped 3.3% to 24.28 billion rupees as it deferred about 40% of its revenue to subsequent . by Sophie Blake BENGALURU, Sept 14 (Reuters) - Tiger Global-backed Byju's on Wednesday reported a loss of 45.64 billion rupees ($574.06 million) for the 2021 fiscal year as promotion and employee expenses rose, with the edtech startup pushing listing plans to next year due to uncertain global conditions. Education technology was one of the few sectors that took off since the onset of the pandemic as lockdowns forced schools to shut for months together. "All these acquisitions will add to my revenues only next year, but in our core business, we had 17 per cent margins last year. |A+AA-. Apart from Tiger Global, Byju's, founded in 2011, counts Sequoia, General Atlantic, BlackRock and Meta Platforms chief executive Mark Zuckerberg's Chan-Zuckerberg Initiative among its investors. The views expressed in comments published on newindianexpress.com are those of the comment writers alone. He also said that on that top line his profits would be 20-23 per cent or around Rs 2,000-2,300 crore after investing in all the new businesses. According to the Apple Developer website, while 81% of all devices now use iOS 16, which was first released to the public [] More, Are you tired of your same old hairstyle and looking for a change? Buna ziua, In situatia in care in anul 2020 s-au distribuit dividende (din profitul anului 2019, in valoare mai mare de 27000) si intrucat societatea nu a dispus de lichiditati, s-a decis in luna decembrie ca suma respectiva sa fie lasata in contul curent al . You need at least a Starter Account to use this feature. It is mandatory to procure user consent prior to running these cookies on your website. 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Jordan Bevan Jordan Bevan The company's revenue dipped 3.3% to 24.28 billion rupees as it deferred about 40% of its revenue to subsequent years having adopted a new revenue recognition model, Byju's said. The rise in Cuemath's net loss was proportional to its operating revenue growth, which surged by 64% to INR 148 Cr in FY22 from INR 90.8 Cr in . Sign up to receive the latest updates from U.S News & World Report and our trusted partners and sponsors. Byju's said almost 40% of its revenue in fiscal year 2021 was deferred to subsequent years due to adoption of a new revenue recognition. . Local Law 18, which New York City adopted in January 2022 and is scheduled to take effect [] More, Tech giant Apple has shared new data regarding the adoption of iOS 16, ahead of next weeks WWDC 2023 event where it is set to announce its newest mobile operating system, iOS 17. 2 min read Byju's revenue growth slows in FYE 2021, losses widen by 12.5x After a. As a Premium user you get access to background information and details about the release of this statistic. Revenue for the first four months of this fiscal year stood at 4,530 crore. Formally called Think & Learn Pvt., Byju's would join a slate of high profile Indian IPOs after Zomato, Nykaa and Ant Group-backed Paytm to go public. 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. Show publisher information Statista. As per AMC's filings with the Securities and Exchange Commission (SEC), in April 2022, BlackRock reportedly reduced the valuation of Byju's by about 50% to $11.5 billion from $22 billion. Chinas edtech firm Yuanfudao is at the 17th position with a valuation of $15.5 billion. (Statista). Speaking about the rate at which the revenue line will grow in the next two-three years, Raveendran said that their core business growth will slow down to 75 per cent next year. Tiger Global-backed edtech startup Byju's on Wednesday reported gross revenue of nearly 100 billion rupees ($1.26 billion) in fiscal year 2022, after posting a revenue of 24.28 billion rupees in the previous year. Facebook: quarterly number of MAU (monthly active users) worldwide 2008-2023, Quarterly smartphone market share worldwide by vendor 2009-2023, Number of apps available in leading app stores Q3 2022, Profit from additional features with an Employee Account. Try to avoid outside hyperlinks inside the comment. Revenue for the first four months of this fiscal year stood at 45.30 billion rupees. Byju's is reporting results for fiscal 2021 after a delay of more than 17 months. 30 August 2021 Mumbai, India Since Byju's launched The Learning App in 2015, the Indian edtech company, named for its co-founder Byju Raveendran, has become an education behemoth. ( Originally published on Sep 14, 2022 ), Dalal-St Indices End Week on a Positive Note, Samsung May Lose PLI Sops for 1st Yr on Invoicing Issues, Starlink, Amazon Red-flag Satellite Spectrum Auction, Byjus losses swell to Rs 4,588 crore in delayed FY21 results, ET was the first to report in its September 12 edition. The company's revenue dipped 3.3% to 24.28 billion rupees as it deferred about 40% of its revenue to subsequent years having adopted a new revenue recognition model, Byju's said. (Corrects dateline to Sept 14 from Sept 13) BENGALURU (Reuters) -Tiger Global-backed edtech startup Byju's on Wednesday reported gross revenue of nearly 100 billion rupees ($1.26 billion) in fiscal year 2022, after posting a revenue of 24.28 billion rupees in the previous year. Chinas Bytedance (it operates a dozen products including TikTok) is at the No 1 position with a valuation of $140 billion, followed by SpaceX at $100.3 billion. Show sources information + Byjus announced on July 21 that it has acquired California-headquartered reading platform Epic, which has amassed more than 2 million teachers and 50 million kids, for $500 million. However they will still grow at over 100 per cent over the next two-three years. Global games revenue dropped by 5% to $182.9bn in 2022 -Newzoo, The 13 Best Multiplayer Horror Games for Android, The 6 Best Offline Radio Apps for Android. "Let me under-promise and over-deliver. According to Statista, in 2020, the whole market (education and skill development market) was worth $2.8 billion, and by 2025, it is expected to change drastically, as the overall market size will touch $10.4 billion. Jordan Bevan We'll assume you're ok with this, but you can opt-out if you wish. Byju's net loss widened to 4588.75 crore for the fiscal year ending 31 March, 2021 from a comprehensive loss of 231.69 crore it incurred in for fiscal year ended 31 March,2020, the company results show. Byju's has set a target to close FY2023 with revenue of around 17,000 crore. This website uses cookies to improve your experience while you navigate through the website. Necessary cookies are absolutely essential for the website to function properly. 900 mp. document.getElementById( "ak_js_1" ).setAttribute( "value", ( new Date() ).getTime() ); Get the latest mobile marketing reads straight into your inbox before everyone else! A paid subscription is required for full access. Stay informed on the latest news on health and COVID-19 from the editors at U.S. News & World Report. It is expected for revenue run rate to reach $1 billion in the next 12-15 months. The company reported a 13-fold widening in losses in the year through March 2021, with net losses swelling to 45.7 billion rupees ($575 million) as it boosted spending to bolster growth. Learn more about how Statista can support your business. 145.000 . *. The company reported a 13-fold widening in losses in the year through March 2021, with net losses swelling to 45.7 billion rupees ($575 million) as it boosted spending to bolster growth . #1 de tiudica Mar Ian 05, 2021 4:33 pm. The company's revenue dipped 3.3% to 24.28 billion rupees as it deferred about 40% of its revenue to subsequent years having adopted a new revenue recognition model, Byju's said. The company's revenue dipped 3.3% to 24.28 billion rupees as it deferred about 40% of its revenue to subsequent years having adopted a new revenue recognition model, Byju's said. (BusinessLine), + Byjus learning app reported a gross revenue of over 14 billion Indian rupees in financial year 2019, almost triple the revenue of the financial year 2018. Decoding the world's most valued edtech firm's losses. Log in to our website to save your bookmarks. The company reported a 13-fold widening in losses in the year through March 2021, with net losses swelling to 45.7 billion rupees ($575 million) as it boosted spending to bolster growth. Sales. by Byjus is an India-based edtech company founded in 2012 providing online learning programs for K3, K10, K12, NEET, JEE, UPSC & Bank Exams with personalized video lessons, tests, and one-on-one mentorship programs from experienced teachers. Download the Mint app and read premium stories. Byju's is reporting results for fiscal 2021 after a delay of more than 17 months. Gross revenue for fiscal 2022 was nearly 100 billion rupees, Byju's said, while revenue for the first four months of the current fiscal year stood at 45.30 billion rupees. (BusinessLine). This statistic is not included in your account. Byju's founder Byju Raveendran said that the edtech giant will easily clock Rs 10,000 crore in revenue this year. It acquired Tynker in September and Whodat Tech in August this year. The company had earlier informed the Ministry of Corporate Affairs in July that it will announce its financial result on 6 September. It will remain the biggest part of our business over the next several years because there is no slow-down here and the mid-term impact of the pandemic is huge," stated Raveendran. Please create an employee account to be able to mark statistics as favorites. Meet The Women Who Built A Farming Life On Their Terms! You also have the option to opt-out of these cookies. The most comprehensive solution to manage all your complex and ever-expanding tax and compliance needs. Copyright - newindianexpress.com 2023. Also Read:Byju's in talks to raise up to $1.5 bn; to be valued at $21 bn. The IPO parade that has continued in 2021 is not a strictly domestic affair. Jordan Bevan Use Ask Statista Research Service, Number of Wipro employees 2022, by region, Revenue share of Infosys FY 2018-2022, by region, Public Transportation & Mobility Services, Operating revenue for OLA Cabs FY 2018-2021, State GDP of Karnataka in India FY 2011-2022, To download this statistic in XLS format you need a Statista Account, To download this statistic in PNG format you need a Statista Account, To download this statistic in PDF format you need a Statista Account. May 23, 2023, 7:44 pm, by Profit from the additional features of your individual account. The company's revenue dipped 3.3% to 24.28 billion rupees as it deferred about 40% of its revenue to subsequent years having adopted a new revenue recognition model, Byju's said. BYJU'S reported a loss of Rs 4,588 crore in 2020-2021 compared to Rs 232 crore in 2019-20. Website Designed, Developed & Maintained by Express Network Private Ltd. Now we are on Telegram too. Further, the company said almost 40% of its revenue in financial year 2021 was deferred to subsequent years due to adoption of a new revenue recognition. Byju's is reporting results for fiscal 2021 after a delay of more than 17 months. Concurrently, the company's total expenses witnessed an astronomical 2.4-fold increase, soaring to 7,027 crore. (Business Insider), + In 2019, the number of registered users was 40 million, while there were 2.8 million paying subscribers. Maya Robertson This website follows the DNPA Code of Ethics Copyright NDTV Convergence Limited 2023. Know what's coming with AccuWeather's extended daily forecasts for Urvi de Beiu, Bihor, Romnia. In just one year, Byju's net loss soared from Rs 8.82 crore to Rs 262.1 crore. (Techcrunch). It has acquired 17 companies so far and its latest acquisition was GeoGebra on December 08, 2021. Jordan Bevan Unfavourable macroeconomic conditions also forced Byju's to push its listing plans to next year. Published: 15th December 2021 09:46 AM| India's Byju's Fiscal 2021 Loss Swells to $574 Million, Pushes Listing Plans. These are inherently high-margin models," he said. You only have access to basic statistics. Up to 90 days of daily highs, lows, and precipitation chances. There's been a lot brewing lately at Bangalore edtech giant Byju's, which is backed by investors such as Tencent and Facebook's Mark Zuckerberg and was last valued in March at $22 billion.. This category only includes cookies that ensures basic functionalities and security features of the website. Byjus Revenue and Usage Statistics (2022). (Techcrunch). Further, the company said almost 40% of its revenue in fiscal year 2021 was deferred to subsequent years due to adoption of a new revenue recognition. Byjus revenue in 2020 stood at $421.43 million, and its competitors in India include Vedantu (total funding stands at $306.38 million in September 2021), Unacademy ($875.73 million in August 2021) and Eruditus Executive Education ($593.46 million till August 2021).

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