Byju's eyes billion-dollar valuation this year

The firm reported profits in the last quarter, but ended the whole year with a loss

Byju’s, a mobile learning start-up, expects to be a unicorn, or a start-up with a billion-dollar valuation, as it looks to turn profitable this year on the back of more than 400,000 students using its app to study school syllabus on their smartphones.

Since launching its multimedia app in August 2015, Byju's founder Byju Raveendran claims it has been downloaded eight million times and has converted over five per cent of its users to pay for the content to achieve revenues of Rs 260 crore last year. 

The firm reported profits in the last quarter, but ended the whole year