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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.
There is a lot of hyperbole in the Byju’s story. We’ve said this before and are advising caution again.
Editor's note: Let’s jump right into it. Byju’s has finally filed its financial numbers for the year ended 31 March 2020. The company is right now valued at $18 billion, and even though the financial results are behind by 18 months, they offer a good peek into what has been going on at the company. Remember: At its current valuation and with the who’s who of investors on its cap table, Byju’s is right at the top of the western world’s understanding of Indian startups. Byju’s recorded a consolidated income from operations of Rs 2,380 crore. It is made up of three parts: Tuition fee: Rs 144 croreSale of education tablets and SD cards: Rs 1,675 croreSale of reference books: Rs 560 crore There are two clear takeaways from this. One, that Byju’s is primarily a company that sells tablets and SD cards to children in what is popularly referred to as the K-12 segment (from kindergarten to grade 12). At 70% of total income, this sale of hardware is at the heart of the company’s operations. This gives rise to a …
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 latest quarterly report on the emirate’s real estate market, a new listing in Saudi Arabia and an Airtel arm eyes a UAE IPO.
The UAE-based school operator is making a move into Saudi Arabia as it enters its biggest expansion phase yet.
