Byju's Revenue Doubles But Losses Remain High Amid Disputes With Creditors and Slowing Growth
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Total income for Byju's parent company doubled to Rs 35.7 billion in FY22 but losses narrowed only slightly to Rs 22.5 billion.
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Byju's is embroiled in a dispute with creditors over a $1.2 billion loan, underscoring post-Covid challenges.
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Creditors sued Byju's this year after it breached loan covenants.
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Growth has slowed since classes resumed and the firm faces scrutiny over delays submitting results.
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The firm's valuation plunged from $22 billion last year to $5.1 billion after investors cut stakes.