Byju’s losses jump 30 times; device sales boost revenue

  • Device sales fetched the highest revenues for Byju’s in 2019-20, regulatory filings showed, even as losses at the edtech giant swelled nearly 30 times.
  • The company, which recently became the most valued startup in India, witnessed around 80% growth in consolidated net sales in FY20 as compared to the previous year.
  • Sales of tablets and SD cards, usually sold to students as part of the package, accounted for 63% of the business in FY20, compared to 55% in the previous year.
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