Byju’s FY22 losses balloon to Rs 8,245 crore
Tuesday, 23 January 2024
Byju's losses for FY22 reached Rs 8,245 crore, a significant increase from the previous year. Revenue from operations grew to Rs 5,014 crore. The auditor, BDO (MSKA & Associates), expressed concerns over the firm's continuing losses and loan repayment dispute. Byju's is facing a liquidity crunch and plans to raise $150-$300 million through a rights issue.
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