India’s education tech giant struggles with math

Losses ballooned and revenue was nearly flat when Byju's released audited financial statements for the financial year ended in March 2021Premium
Losses ballooned and revenue was nearly flat when Byju's released audited financial statements for the financial year ended in March 2021
 wsj 2 min read . Updated: 17 Sep 2022, 12:37 PM IST Megha Mandavia, The Wall Street Journal

Byju’s disappointing results bound to raise further questions about the heady valuations of some Indian startups

Private-equity and venture-capital investors in Byju’s, India’s most valuable startup, caught a break this week—the company isn’t listed yet. If it had been, gyrating markets seem very likely to have caused some serious vertigo.

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