Byju's audited revenue expected to be lower than projected numbers

The audited revenue of Byju's and the projected numbers may have a significant difference. Byju Raveendran, co-founder and the CEO of the unicorn, has briefed the shareholders and the board members about the difference, a report by Economic Times (ET) stated. 

The company is yet to submit its annual report for FY21. According to the report, Raveendran said that the difference may be due to the change in how the start-up recognises its revenue. The actual revenue would be lower than projected. 

In the last 18 months, since March 2021, the company has been under tough scrutiny from the regulators as