BENGALURU (Reuters) – Tiger Global-backed edtech startup Byju’s on Wednesday reported gross revenue of nearly 100 billion rupees ($1.26 billion) in fiscal year 2022, after posting a revenue of 24.28 billion rupees in the previous year.
Revenue for the first four months of this fiscal year stood at 45.30 billion rupees.
Further, the company said almost 40% of its revenue in fiscal year 2021 was deferred to subsequent years due to adoption of a new revenue recognition.
($1 = 79.4640 Indian rupees)
(This story refiles to correct dateline to Sept 14 from Sept 13)
(Reporting by Nishit Navin in Bengaluru; Editing by Dhanya Ann Thoppil)
