Byju’s, the world’s most valued edtech company, after many delays has finally reported its audited results for the financial year ending March 31, 2021. Its losses have swelled nearly 15X to over Rs 4500 Cr from the same period a year before. This even as revenues stayed nearly flat at Rs 2200 Cr. What this means is Byju’s lost Rs 12.50 Cr every single day of the financial year. How to make sense of this loss? ET Now’s Nayantara Rai explains.
