Byjus recorded a consolidated revenue from operations of Rs 5,015 crore in FY22, showing a significant jump from the Rs 2,280.2 crore reported in FY21. Despite this growth, the company fell notably short of its initial guidance, which had set a revenue target of Rs 10,000 crore for the year. The fiscal year also saw Byjus grappling with financial challenges as its losses expanded to Rs 8,245 crore in FY22, a considerable increase from the Rs 4,564 crore loss in the previous fiscal year. This divergence between revenue growth and widening losses underscores the complexities and competitive landscape of the edtech sector.
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