Byju's posts gross revenue of 100 billion rupees in FY22

Revenue for the first four months of this fiscal year stood at 45.30 billion rupees.

Tiger Global-backed edtech startup Byju's on Wednesday reported gross revenue of nearly 100 billion rupees ($1.26 billion) in fiscal year 2022, after posting a revenue of 24.28 billion rupees in the previous year.

Byju's said almost 40% of its revenue in fiscal year 2021 was deferred to subsequent years due to adoption of a new revenue recognition. (Shutterstock)

Revenue for the first four months of this fiscal year stood at 45.30 billion rupees.

Further, the company said almost 40% of its revenue in fiscal year 2021 was deferred to subsequent years due to adoption of a new revenue recognition.