BYJU’s Loss: The troubles of BYJU’s, which was as soon as among the many largest start-up corporations within the nation, should not ending. Just lately, BYJU’S Founder Raveendran had just lately raised funds by mortgaging homes and immovable properties owned by his members of the family to pay salaries. However now because of the losses incurred by the corporate, it has turn out to be probably the most loss making startups within the nation. Education know-how firm Assume and Study, working beneath the Byju model, mentioned that its working loss widened to Rs 6,679 crore within the monetary yr 2021-22. The corporate mentioned that its working loss elevated attributable to losses in its two subsidiaries White Hat Junior and Osmo. Assume and Study advised the inventory market that its working loss was Rs 4,143 crore within the monetary yr 2020-21. Its earnings greater than doubled to Rs 5,298.43 crore within the monetary yr 2020-21, which was Rs 2,428.39 crore in 2020-21.
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