Byju's turns profitable in 8 years, gears up to enter US in a big way

First Indian consumer-tech start-up to achieve feat; sales soar 186% in a year

India’s top education platform Byju’s on Thursday announced it has achieved profitability, a first in the consumer internet start-up space. 

The eight-year-old Bengaluru firm said its sales in FY19 were Rs 1,430 crore ($21 million), up 186 per cent over the last year, enough for the firm to churn out a small profit on a full-year basis. It did not reveal the bottom line. In FY18, Byju’s had Rs 500 crore turnover and a loss of Rs 37 crore. “The growth in revenue was fuelled by deeper penetration across India and significant growth in the number of paid subscribers,” a