• About
  • Contact
Saturday, June 25, 2022
  • Login
Next Big Brand
  • .
  • News
  • Marketing
  • Tech
  • Insight
  • Interviews
  • Internet
  • Startup
  • OTT
  • Industries
  • FMCG
  • CRYPTOCURRENCY
  • Retail
No Result
View All Result
Next Big Brand

Byju’s Revenue and Profit Surges by 81% and 152% respectively in FY20

Abdul Kadir Khan by Abdul Kadir Khan
October 7, 2021
in News
Reading Time: 2 mins read
A A
0
Byju Ravindran with Byju's Logo on white background

Byju's CEO Byju Raveendran : NBB

Edtech giant Byju’s has revealed the financial statistics of the fiscal year 2019-20. As per the report, the most valuable Indian startup saw a surge of 81% in its revenue to Rs 2,434 crore. The firm’s profit recorded a spike of 152% compared to the last fiscal year.

Byju’s Financial Statistics of FY20

Byju’s, the most valuable Edtech startup of the world, is continuing its best run in terms of acquisitions, fundings, and global expansions. Now, the company has also shared its financial statistics for the fiscal year 2020. And, that has brought big smiles on shareholders’ faces.

The edtech firm announced that its revenue has increased by 81 percent to Rs 2,434 crore, while the company’s net profit has jumped by a whopping 152 percent. The firm also recorded expenses of Rs 2383 crore in FY2019-20.

Byju’s’ earnings from global operations have also risen to Rs 306 crore in FY2019-20 against Rs 168 crore in FY2018-19.

In Byju’s, the shareholding pattern held by various individuals is 82.51 percent. Byju’s founder and Chief Executive Officer Byju Raveendran controls 50.34 percent of the edtech firm’s shares, while Riju Ravindran holds 20.15 percent. Byju Raveendran’s wife, Divya Gokulnath, holds 10.64 percent.

Byju’s Latest Operations

Byju’s has continued acquiring national as well as international firms. The edtech company has also expanded its userbase in terms of online education adaptation. US, Australia, Middle East, and North America are the major foreign destinations where Byju’s has strengthened its operations in the last few months.

Byju’s has acquired six major firms in India and the US during the last six months. And, it has spent $2 billion+ amount to buy these firms, as per internal sources. Students, as well as teachers, have upgraded their skills online during the pandemic and that has helped Byju’s in growing further.

Due to overwhelming support from global investors, Byju’s is expected to dominate the edtech industry globally in the coming years. The startup has reached a valuation of $16.5 billion. Its competitors including Unacademy, Simplilearn, UpGrad, Amazon Academy, and others are nowhere near Byju’s in terms of valuations and operations both. As per the reports, India’s education sector is worth over $180 billion.

Recently, Byju’s has started a new teaching method called “Two-Teacher Advantage” for students. Under this initiative, an expert teacher will provide in-depth knowledge to the student via storytelling and other ways, while the second teacher will clear students’ doubts instantly and will provide further support to understand the concept. Today, the app has more than 100 million registered students and 6.5 million annual paid subscriptions. Byju’s app was launched in 2015 for K12 students.

Tags: BYJU RavindranByjusbyjus the learning app
Previous Post

Online Investment Startup Jar Raises $4.5 Million from High Profile Investors

Next Post

Sebi Grants In-principle Approval to Zerodha to Launch Mutual Fund

Abdul Kadir Khan

Abdul Kadir Khan

Abdul Kadir Khan is a Content Writer at Next Big Brand. Hails from UP. Postgraduate in Computer Science. Content Maniac and Trainer. Love to write about startups, Brands, and Trending Tech.

Related Posts

images 9 17
Cryptocurrency

Christiano Ronaldo and Binance Announce NFT Partnership

June 24, 2022
Khaby Lame Tiktoker
Creators

Khaby Lame Becomes World’s Most Popular TikToker

June 24, 2022
Pine Labs Founder
News

Merchant Platform Pine Labs Acquires Fintech Infra Startup Setu for $70-75 Million

June 23, 2022
Ebay KO
Cryptocurrency

eBay Acquires NFT Marketplace KnownOrigin For An Undisclosed Sum

June 23, 2022
Cashify Founders
News

Cashify Raises $90 Million in Series E Round Led By NewQuest & Prosus

June 23, 2022
Uniswap founder
Cryptocurrency

Uniswap Acquires NFT Marketplace Aggregator Genie to Further its Goals

June 22, 2022
Next Post
Zerodha:NBB

Sebi Grants In-principle Approval to Zerodha to Launch Mutual Fund

Leave a Reply Cancel reply

Your email address will not be published. Required fields are marked *

This site uses Akismet to reduce spam. Learn how your comment data is processed.

BROWSE BY TOPICS

Acquiring amazon Apple Brands brand story Byjus byjus news byjus the learning app Cryptocurrency Edtech Startups Elon Musk facebook fintech news Flipkart funding google Indian Crypto Startups Indian OTT Platforms Indian Unicorn Indian Unicorns Indian Unicorns of 2021 Netflix NFT NFT Collection NFT India Non Fungible Tokens Ola OYO Paytm Reliance Retail Startup Acquisition Startup IPO startup news india startups in india Swiggy Tiktok TikTok India Twitter Unicorns of 2022 Unicorns of India Unicorn Startups Upgrad WazirX YouTube Zomato
check more news on that pages youtube converter, filme online 2022, filme porno mature, porno amatoriale, nxnxx.org, https://xvideosxnxx.org, https://xoxporn.net

Instagram

Follow Me!

Recent News

  • Christiano Ronaldo and Binance Announce NFT Partnership
  • Khaby Lame Becomes World’s Most Popular TikToker
  • Merchant Platform Pine Labs Acquires Fintech Infra Startup Setu for $70-75 Million

Latest News

images 9 17

Christiano Ronaldo and Binance Announce NFT Partnership

June 24, 2022
Khaby Lame Tiktoker

Khaby Lame Becomes World’s Most Popular TikToker

June 24, 2022
  • About Us
  • Privacy Policy
  • Terms and Conditions
  • Disclaimer
  • DMCA Policy
  • Our Team
  • Contact Us
  • Sitemap

© 2019 NBB. All Rights Reserved.

No Result
View All Result
  • .
  • News
  • Marketing
  • Tech
  • Insight
  • Interviews
  • Internet
  • Startup
  • OTT
  • Industries
  • FMCG
  • CRYPTOCURRENCY
  • Retail

© 2019 NBB. All Rights Reserved.

Welcome Back!

Login to your account below

Forgotten Password?

Retrieve your password

Please enter your username or email address to reset your password.

Log In
This website uses cookies. By continuing to use this website you are giving consent to cookies being used. Visit our Privacy and Cookie Policy.