Byju's focusing on profitable growth, $2 bn revenue in sight: CEO to staff

Byju's, which is valued at $22 billion, said last week it had earned Rs 2,428 crore in revenues in FY21 and incurred a loss of Rs 4,588 crore

After reporting a loss of Rs 4,588 crore in the 2021 fiscal, Byju Raveendran, the founder and CEO of the world’s most valuable edtech firm Byju’s has told employees that the firm has already started shifting its focus toward profitable growth. He said revenue of $2 billion was within sight of the firm.

“The April-June 2022 (period) was our best ever quarter by far,” said Raveendran in a letter addressed to the employees and reviewed by Business Standard. “In fact, we have clocked more than Rs 1,000 crore in sales in each of the last five months.”

Byju’s, which is