Byju's: Once A Unicorn, Now Is The Largest Loss Making Startup Of India

Once a unicorn ranked among the most valuable startups in the country - Byju’s is now the largest loss-making startup of India. After a delay of 22 months, Byju’s on Tuesday disclosed its financials for FY22. The losses of the company have nearly doubled to ₹8,245 crores or about $1 Bn, the consolidated financial statement is a mix of its 12 main subsidiary companies including Aakash Institute and other entities such as WhiteHat Jr, Byju’s K3, Toppr, Epic, Great Learning, and others. Byju's, facing a host of legal and financial woes, is looking to sell fresh shares, including to founder Byju Raveendran, to raise funds to pay vendors and stabilise its business. The pricing of the share issuance, slated for next month. Listen in as Sakshi Batra, Associate Editor, BTTV delves more into the report.