Edtech decacorn Byju's FY20 revenue up 81% to Rs 2,434 cr, profit rose 152%

Byju's is on an acquisition spree, amf has spent over $2 bn to buy six companies in India and the US this year

Byju’s, the world’s most valuable edtech company with a valuation of $16.5 billion, reported its revenues for 2019-20 at Rs 2,434 crore, an 81 per cent jump over the previous financial year.
 
The company reported a net profit of Rs 51 crore in 2019-20. This is a 152 per cent increase from the previous financial year. The company’s expenses for the financial year were reported at Rs Rs 2,383 crore.The shareholding pattern held by various individuals is 82.51 per cent. Byju’s founder and Chief Executive Officer Byju Raveendran holds 50.34 per cent. Riju Ravindran holds 20.15 per cent. Byju