Core business loss at edtech giant Byju's may only be tip of iceberg

The financials announced by Byju's are based on an 'unqualified FY22 audit' that indicates the auditor is satisfied with the company's financial reporting

Beleaguered edtech giant Byju’s is grappling with the need to significantly reduce its losses in order to establish a sustainable business for the long term, according to industry insiders and analysts. The company is currently facing a multitude of challenges, including securing fresh capital, delays in financial reporting, legal disputes with lenders, and a markdown in its valuation by investors.

 Think and Learn Private Limited (TLPL), Byju’s parent company, reported a 2.3-fold increase in its core business, reaching a total income of Rs 3,569 crore for 2021-22, up from Rs 1,552 crore in the previous year. The Ebitda loss of