There is a lot of hyperbole in the Byju’s story. We’ve said this before and are advising caution again.
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 …
Ashish is the editor-in-chief of The Morning Context. One of the best-known business feature writers in India, he was selected for Germany’s Robert Bosch Stiftung Fellowship in 2012 and received the Mumbai Press Club RedInk certificate of recognition in 2015 for his story “Inside the Network 18 takeover”. Before joining The Morning Context, Ashish co-founded The Ken, where he was managing editor. His previous writing stints include Mint, Forbes India and The Economic Times.
Editor-in-chief
ashish@mailtmc.com
London
Pradip is a co-founder at The Morning Context and leads our newsletters vertical. He has previously worked at The Ken as a staff writer, at Mint as an assistant features editor and the Deccan Chronicle as a copy editor. He works with a slew of expert newsletter writers across subjects and domains. His own writing spans the gig economy, farmers caught in the crossfire of technology, global warming and parents trapped in the edtech wave. Some of his best stories have come at the intersection of technology and human endeavour.
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pradip@mailtmc.com
Delhi