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Byju's crosses Rs1 bn monthly revenue, expects Rs 14 bn in FY19

Its learning app has 20 million registered students and 1.26 million annual paid subscribers

BYJU's founder and Chief Executive Officer Byju Raveendran
BYJU's founder and Chief Executive Officer Byju Raveendran

Byju’s, India’s largest education technology startup, has crossed the Rs 1 billion monthly revenue mark and is looking to close the fiscal year with a revenue target of Rs14 billion. The three-year old company, backed by the Chan-Zuckerberg Initiative, Tencent, and Sequoia Capital among others, said it has seen a consistent growth rate of around 100 per cent for the last three years, and has become profitable in a very short period of time.  “Last month (May), we crossed Rs 1 billion in revenue. With a consistent 20 per cent month-on-month growth, we ...