Covid-19 impact: Edtech firm Byju's nears $1-billion revenue milestone

In FY20, the company posted a revenue of Rs 2,800 crore ($370 million), a 100 per cent growth over the previous fiscal.

After earning the Decacorn status (start-ups that are valued at more than $10 billion) in late June, home-grown edtech firm Byju’s is now inching towards the $1-billion revenue milestone. Though that milestone may not be reached in FY21, Byju’s is certainly within kissing distance of it. 

According to founder and CEO Byju Raveendran, the Bengaluru-based company has already hit a revenue run rate of Rs 6,000 crore ($802 million) on the basis of its revenues in July. And this does not include the revenues that are expected to come through its recent acquisitions.

“We did more than Rs 500 crore last month