New Delhi, Sep 16 After six stressful and tough learning months, Byju Raveendran is back in the game, consolidating the loss-making acquisitions like WhiteHat Jr and optimising the rest, while doubling down on opening more physical tuition centres. According to him, "the worst is finally over" and there is only "growth ahead" as seen in the company's FY22 financial results.
The edtech company with nearly $22 billion valuation went through an ordeal as it delayed the audited FY21 financial reports for nearly 18 months, inviting government scrutiny and serious questions from the public.
The FY21 report is out, with massive losses to the tune of Rs 4,500 crore, while BYJU's needs to pay the rest of the acquisition amount
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