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Context is everything.
Detailed stories on technology startups, business and economic current affairs.
Detailed stories on technology startups, business and economic current affairs.
Record losses, declining revenue in key markets and questionable accounting practices paint a grim picture of India’s largest edtech company.
After a delay of over a year, Think & Learn Pvt. Ltd, the parent of Byju’s, finally filed its 2020-21 financials yesterday. The numbers are not pretty. At a consolidated level, that’s Byju’s and WhiteHat Jr put together, Byju’s revenue from operations came in stagnant at Rs 2,280 crore, compared with an adjusted revenue of Rs 2,189 crore in 2019-20. We will get to this adjusted revenue in a bit.
The company’s annual losses jumped to Rs 4,588 crore in March 2021, compared with Rs 231 crore in March 2020. That translates to a loss of Rs 12.5 crore per …
Physics Wallah’s desperate pursuit of growth has led to another bold announcement. The latest move centres around one of India’s most competitive test-prep pockets.
The Walmart-owned e-commerce company has entered microdramas and food delivery. Is it thinking long-term or just chasing a trend?
A churn in venture capital collides with the fear of missing the AI wave, while the Ajay Singh-led airline’s recurring crises raise deeper questions.
