Byju Raveendran, the founder and CEO of the most valuable edtech company in the world, revealed to staff that the company has already begun to refocus on profitable growth following a loss of Rs 4,588 crore in the fiscal year 2021. Lenders to McLeod Russel India will soon gather to talk about a proposal from Carbon Resources to pay up banks’ unpaid obligations and take over the business. Our top headlines provide more information on these.
Byju’s focusing on profitable growth, $2-bn revenue in sight: CEO to staff
Byju Raveendran, the founder and CEO of the most valuable edtech company in the world, announced to staff that the company has already begun to refocus on profitable growth following a fiscal 2021 loss of Rs 4,588 crore. He claimed that the company could easily reach $2 billion in revenue. In a letter to the staff that Business Standard has reviewed, Raveendran said that the April–June 2022 (period) “was our finest ever quarter by far.”