Byju's: Difference between revisions

Byju's
Industry	Edtech;
Founded	2011; 15 years ago
Founder(s)s	Byju Raveendran; Divya Gokulnath;
Headquarters	Bangalore, Karnataka, India
Area served	Worldwide
Key people	Byju Raveendran; (CEO); Divya Gokulnath; (Director); Lionel Messi ; (Global Ambassador)
Products	BYJU'S – The Learning App
Revenue	₹2,280 crore (US$320 million) (FY 2021)
Subsidiaries	Osmo; TutorVista (Rebranded as iRobot Tutor TV STEM); HashLearn; WhiteHat Jr; LabInApp; Scholr; Aakash Institute; Toppr; Whodat; Tynker; Epic!; Great Learning; Superset; GradeUp (Rebranded as Byju's Exam Prep); GeoGebra;
Website	{{URL\|example.com\|optional display text}}

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Revision as of 18:50, 12 March 2023

Byju's (stylised as BYJU'S) is an Indian multinational educational technology company, headquartered in Bangalore, Karnataka, India.^[4] It was founded in 2011 by Byju Raveendran and Divya Gokulnath. As of March 2022^[update], Byju's is valued at US$22 billion^[5] and the company claims to have over 115 million registered students.^[6]

History

Byju's app was developed by Think and Learn Pvt. Ltd, a company which was established by Byju Raveendran, Divya Gokulnath and a group of students in 2011.^[7]^[1]^[8] Byju, an engineer by profession was coaching students in mathematics since 2006.^[7]^[9] In initial days the company focused on offering online video-based learning programs for the K-12 segment and for competitive exams.^[10]^[11] In 2012, the firm entered Deloitte Technology Fast 50 India and Deloitte Technology Fast 500 Asia Pacific ratings and has been present there ever since.^[1]^[12]

In August 2015, the firm launched Byju's: The Learning App.^[13]^[10] In 2017, they launched Byju's Math App for kids and Byju's Parent Connect app.^[14]^[15] By 2018, it had 15 million users out of which 900,000 were paid users at that time.^[16]^[17] In the same year, Byju's became India’s first edtech unicorn.^[18] By 2019, 60% of BYJU’S students were from non-metros and rural cities.^[19]

In January 2022, the company joined Simplilearn, Unacademy, upGrad, PrepInsta Prime and Vedantu to become one of the founding members of IAMAI's India EdTech Consortium.^[20]

In March 2022, it signed a contract with Qatar Investment Authority to establish a new edtech company and a R&D centre in Doha.^[21]

In August 2022, Bloomberg News reported that the Ministry of Corporate Affairs sent a letter to Byju's asking them to explain the non-filing of its audited financials for the year ending March 2021. Having missed the deadline by over 17 months, Byju's reasoned the delay was due to the challenge of consolidating the accounts of its acquisitions during that year.^[22] In spite of the delay, Deloitte gave the company a clean audit.^[23] In November 2022, many employees of Byju's came out to speak against the company's unfair treatment. Reportedly, Byju's sacked over 5,000 employees.^[24]

Products and services

Byju's is an education tutoring app that runs on a freemium model,^[25] with free access to content limited for 15 days after the registration.^[25]^[26] It was launched in August 2015,^[27] offering educational content for students from classes 4 to 12^[28] and in 2019 an early learning program has started for classes 1 to 3.^[16] It also trains students for examinations in India such as IIT-JEE, NEET, CAT, IAS, and international examinations such as GRE and GMAT.^[29]

Academic subjects and concepts are explained with 12-20 minute digital animation videos^[30]^[31]^[32] and through which students learn in a self-paced mode.^[33] Byju's reports to have 40 million users overall, 3 million annual paid subscribers and an annual retention rate of about 85%.^[34]^[35] In October 2018, the app expanded to the United Kingdom, United States and other English-speaking countries.^[36]

In 2019, the company announced that it would launch its app in regional Indian languages.^[37]^[16] It also planned to launch an international version of the app for English-speaking students in other countries.^[38]^[39] And to cater students of kindergarten, Byju's launched new programs in its Early Learn App.^[40]

In April 2021, the company also announced the launch of "Byju's Future School" to be led by WhiteHat Jr Founder Karan Bajaj.^[41] The Future School aims to cross the bridge from passive to active learning with an interactive learning platform blended with coding and other subjects like Math, Science, English, Music and Fine arts through storytelling. Byju's will launch the Future School in the United States, United Kingdom, Australia, Brazil, Indonesia and Mexico in May.^[42] Karan Bajaj quit WhitHat Jr a year after the acquisition.^[43]

The company is focusing on adopting a hybrid model of teaching and learning by launching 500 tuition centers across 200 cities in India.^[44] As of February 2022, 80 centers are already launched.^[45]

Acquisitions

In July 2017, Think and Learn acquired TutorVista (including Edurite) from Pearson.^[46]^[47]^[48] In January 2019, Byju's acquired American-based Osmo, a maker of educational games for children aged 3–8 years for US$120 million.^[49] Byju's also acquired Indian startup WhiteHat Jr for US$300 million.^[50] In September 2020, Byju's acquires virtual labs simulation startup LabInApp.^[51]^[52]^[53] In February 2021, Byju's acquires Mumbai-based doubt clearing platform Scholr.^[54]

In April 2021, Byju's acquired test prep firm Aakash Educational Services Ltd. in an estimated US$950 million cash and stock deal. Aakash's founders and Blackstone Group will receive minority stakes in Byju's as part of the deal.^[55]^[56] In July 2021, Byju's acquired American-based kids learning platform Epic! in a US$500 million cash-and-stock deal. The Epic acquisition was part of Byju's foray into the overseas market, from where it expects annual revenue of US$300 million per financial year.^[57] In July 2021, Byju's acquired Singapore-based higher education platform Great Learning at a cost of US$600 million and after-school learning app Toppr.^[58] In September 2021, Byju's acquired two startups including online test preparation platform Gradeup for an undisclosed price and rebranded it to BYJU’S Exam Prep^[59]^[60] and American based coding platform Tynker for US$200 million.^[61]^[62] In December 2021, Byju’s acquired GeoGebra in a US$100 million cash-and-stock deal.^[63]

Till date, Byju's invested at least $2.8 billion on a dozen acquisitions in an apparent attempt to expand beyond the original learning app and thread together its services that will allow it to reach learners of all ages. For example, it has ventured into exam preparation, higher education MOOCs, and tuition centers. In addition, it has acquired several additional platforms that offer virtual reality, artificial intelligence, and educational gaming services, most of which occurred in 2021.^[64]

Funding and financials

Byju's received seed funding from Aarin Capital in 2013.^[65] As of 2019, Byju's had secured nearly $785 million in funding from investors, including Sequoia Capital India, Chan Zuckerberg Initiative (CZI), Tencent, Sofina, Lightspeed Venture Partners, Qatar Investment Authority,^[66] Verlinvest, IFC, Napsters Ventures, CPPIB and General Atlantic.^[17]^[67]^[68] Byju's was the first company in Asia to receive an investment from Chan-Zuckerberg Initiative (co-funded by Meta Platforms co founder, chairman and CEO Mark Zuckerberg and Priscilla Chan).^[69]^[70]^[71] As per the company filings with the Ministry of Corporate Affairs, Byju's became a unicorn and was valued at ₹6,505 crore ($1 billion) as of March 2018.^[72]^[67] In June 2020, Byju's attained the decacorn status with an investment by Mary Meeker's Bond Capital.^[73] In March 2022 Byju's raised $800 million, reaching a valuation of $22 billion.^[74]

In September 2020, Byju's replaced Oppo as the title sponsor of the India national cricket team.^[75] Byju's operates roughly on a premium business model where a paid subscription is required for most of the content.^[30] In 2017, Byju's generated revenues of about ₹260 crore (US$40 million or €33 million) and doubled it in 2018 financial year, earning ₹520 crore.^[76]^[77]^[78] In June 2020, with the investment of Bond, a global technology investment firm, Byju's became decacorn at US$10.5 billion valuations.^[79]

In November 2020, Byju's became the title sponsor of the Indian Super League club Kerala Blasters FC replacing Muthoot Group.^[80] In November 2020, Byju's raised US$200 million in a fresh funding round led by BlackRock and T. Rowe Price at a valuation of $12 billion.^[81] In March 2021, Byju's secured $460m in a series F funding round.^[82] In April 2021, B Capital, Baron Funds, and XN invested $1 billion in Byju's.^[83] In June 2021, Byju's raised $50 million in a Series F round from IIFL's private equity fund and Maitri Edtech.^[84] In October 2021, Byju's raised $296 million as a part of its Series F round from Oxshott Venture Fund, Edelweiss Group, Verition Fund, XN Exponent Holdings, and MarketX Ventures.^[85] In March 2022, the company raised $800 million from Byju Raveendran, Sumeru Ventures, Vitruvian Partners, and BlackRock.^[86] In March 2022, Byju's was named as one of the official sponsors of the 2022 FIFA World Cup.^[87]

Year	Revenue (In crores)	Profits/Loss (In crores)
FY 2018^[88]	490	-29
FY 2019^[89]	1,376	-8.82
FY 2020^[89]	2,381	-262.1
FY 2021^[3]	2,280	-4,558

Philanthropy

In September 2020, Byju's launched the “Education for All” Initiative for kids from marginalized populations.^[90]

Among the several initiatives launched under Education for All, Byju's Give was launched in November 2020, under which the company collects old or unused smart devices for refurbishing purposes and then loads them up with Byju's content for free and distribute to those children who have no access to the internet.^[91]

Sports sponsorships

In July 2019, Byju's won the sponsorship rights for the Indian cricket team jersey.^[92]

In November 2020, Byju's replaced the Muthoot Group to become the title sponsor of the Indian Super League club Kerala Blasters FC.^[93]

In March 2022, Byju's was announced as an official sponsor of the FIFA World Cup Qatar 2022.^[94]

Criticism

Libel suits

Byju's was criticized for charging fees that only the rich can afford.^[95] Former salespeople say the company pushes its products on parents who cannot afford them.^[96]^[97] Byju's filed a ₹20 crore defamation suit against critic Pradeep Poonia. They later withdrew the lawsuit.^[98]^[99]

Advertising and sales practices

Byju's subsidiary WhiteHat Jr. was asked to remove their five TV advertisements by the Advertising Standards Council of India (ASCI) due to misleading advertisements^[100] and hard sales tactics.^[101] WhiteHat Jr. claimed that a child named "Wolf Gupta" bagged job offers worth crores in multiple social media advertisements. This child was often described to be between the ages of 6 to 14 years. Investigations later revealed that this was all fabricated and Mr."Gupta" is a work of fiction.^[102]

The company had filed a ₹20,000,000 (US$280,000) defamation suit against Pradeep Punia in November 2020, a software engineer, who alleged that the company made false claims and hired incompetent teachers.^[103] It was later withdrawn.^[104] It has also been the subject of a data leak, where the personal information of over 200,000 users was exposed.^[105]

The Department of Consumer Affairs voiced concerns on June 24, 2022, at India Edtech Consortium (IEC) meeting regarding aggressive sales practices and deceptive marketing strategies utilized by EdTech companies, particularly Byju's and the entities that make up its group. DCA advised Byju's to work closely with the ASCI based on the complaints against it.^[106] According to the reports, Byju's team has pledged to resolve these grievances with a detailed action plan.^[107]

Accounting practices

Previously, BYJU's used a different revenue recognition practice, which they had to change and obtain approval in accordance with Indian Accounting Standards (Ind-AS) 115 guidelines. For example, revenue expected in one fiscal year for a multi-year charge cannot be considered as revenue in that year alone. This discrepancy was eventually flagged by the auditor and a change was sought by the latter.^[108] As of September 2022, BYJU's began recognising streaming revenue across the term of usage, which was previously recognised fully upon the start of the contract. These new accounting standards have resulted in a reduction in the amount of income that Byju's is able to book in advance.^[109]

Also, in the past, BYJU's used its funding capital to acquire both domestic and overseas businesses and group them under its brand. And, lately investors voiced scepticism regarding this very plan to rapidly deploy capital in order to grow internationally.^[109]

Awards and nominations

Year	Award or recognition	Type of award	Result/ranking	Ref.
2010	CNBC TV18 CRISIL Emerging India Award (Education)	Company	Won	^[30]
2012	Deloitte Technology Fast 500 Asia Pacific	Company	321	^[110]
2013	Deloitte Technology Fast 500 Asia Pacific	Company	176	^[111]
2014	Deloitte Technology Fast 500 Asia Pacific	Company	329	^[112]
2015	Deloitte Technology Fast 500 Asia Pacific	Company	167	^[113]
2016	Deloitte Technology Fast 500 Asia Pacific	Company	115	^[114]
2016	Wharton Reimagine Education Overall Ed Tech Award (Best Educational App)	Company	Won	^[115]^[116]
2016	VCCircle Awards (Education company of the year)	Company	Won	^[117]^[30]
2016	Future of India Awards	Company	Won	^[118]
2016	Global Mobile App Summit & Awards (Education)	Company	Won	^[119]
2017	Deloitte Technology Fast 500 Asia Pacific	Company	126	^[120]
2017	FT/IFC Transformational Business Awards	Company	Nominated	^[121]
2017	CNBC TV18 India Business Leader Awards (Young Turk of the Year)	Company	Won	^[122]
2018	Business Standard Annual Awards for Corporate Excellence	Company	Won	^[123]
2019	Deloitte's 2019 Technology Fast Asia Pacific 500™ Ranking	Company	175	^[124]
2019	Financial Times/ArcelorMittal Boldness in Business Award	Company	Won	^[125]
2020	Boston Consulting Group Tech Challengers	Company	Won	^[126]
2021	Time 100 Most Influential Companies	Company	Won	^[127]

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@@ Line 8: / Line 8: @@
 | industry = {{plainlist|
 *[[Edtech]]}}
-| founded = {{Start date and age|df=yes|2011}}<ref name=entrep />
+| founded = {{Start date and age|df=y|2011}}<ref name=entrep />
 | founders = {{plainlist|
 *[[Byju Raveendran]]
 *[[Divya Gokulnath]]
 }}
-| hq_location_city = [[Bangalore|Bengaluru]], [[Karnataka]]<ref name=entrep />
+| hq_location_city = [[Bangalore]], [[Karnataka]]<ref name=entrep />
 | hq_location_country = India
 | area_served = Worldwide
 | key_people = {{Unbulleted_list|
-[[Byju Raveendran]]<br>{{small|([[Chief executive officer|CEO]])}}
+[[Byju Raveendran]]<br />{{small|([[Chief executive officer|CEO]])}}
-|[[Divya Gokulnath]]<br>{{small|([[Director (business)|Director]])}}<ref>{{cite news |title=Byju's better half |url=https://www.fortuneindia.com/people/byjus-better-half/104850 |access-date=12 March 2021 |work=www.fortuneindia.com |language=en}}</ref>}}
+|[[Divya Gokulnath]]<br />{{small|([[Director (business)|Director]])}}<ref>{{cite news |title=Byju's better half |url=https://www.fortuneindia.com/people/byjus-better-half/104850 |access-date=12 March 2021 |work=www.fortuneindia.com |language=en}}</ref>}}
-| products = BYJU’S - The Learning App
+[[Lionel Messi]] <br/> {{small|([[Brand Ambassador|Global Ambassador]])}}
-| revenue = {{increase}} {{INRConvert|2800|c}} (FY 2020)<ref>{{cite news |title=Byju's Revenue Grows 2X In FY20 As Paid Users Increase To 3.5 Mn |url=https://inc42.com/buzz/byjus-revenue-grows-2x-in-fy20-as-paid-users-increase-to-3-5-mn/ |access-date=12 March 2021 |work=Inc42 Media |date=27 May 2020}}</ref>
+| products = BYJU'S – The Learning App
+| revenue = {{decrease}} {{INRConvert|2280|c}} (FY 2021){{r|FR2021}}
 | subsid = {{plainlist|
 *[[Osmo (game system)|Osmo]]
 *TutorVista (Rebranded as iRobot Tutor TV STEM)
 *HashLearn
-*WhiteHat Jr
+*[[WhiteHat Jr]]
 *LabInApp
 *Scholr
@@ Line 38: / Line 39: @@
 *[[GeoGebra]]
 }}
-| website = {{URL|www.byjus.com}}
+| website = {{official URL}}
 }}
-'''Byju's''' (stylised all caps) is an Indian [[Multinational corporation|multinational]] [[educational technology]] company, headquartered in [[Bangalore]].<ref>{{Cite journal |last=Sahu |first=Akshaya Kumar |last2=Abhishek |first2=M. |date=2018 |title=A study of ed-tech industry in India, with a focus on the growth of Byju's |url=http://repository.iimb.ac.in/handle/2074/19233}}</ref> It was founded in 2011 by [[Byju Raveendran]] and [[Divya Gokulnath]]. {{As of|2022|3}}, Byju's is valued at {{US$|22|link=}} billion<ref>{{Cite web |title=Byju's valued at $22 bn after fresh $800 mn funding |url=https://www.fortuneindia.com/venture/byjus-valued-at-22-bn-after-fresh-800-mn-funding/107421 |access-date=2022-03-24 |website=www.fortuneindia.com |language=en}}</ref> and has over 115 million registered students.<ref>{{Cite web|date=December 8, 2021|title=Byju's acquires Austria's GeoGebra|url=https://timesofindia.indiatimes.com/business/india-business/byjus-acquires-austrias-geogebra/articleshow/88163527.cms|access-date=2022-01-13|website=The Times of India|language=en}}</ref>
+'''Byju's''' (stylised as '''BYJU'S''') is an Indian [[Multinational corporation|multinational]] [[educational technology]] company, headquartered in [[Bangalore]], [[Karnataka]], India.<ref>{{Cite report |last1=Sahu |first1=Akshaya Kumar |last2=Abhishek |first2=M. |date=2018 |title=A study of ed-tech industry in India, with a focus on the growth of Byju's |url=http://repository.iimb.ac.in/handle/2074/19233}}</ref> It was founded in 2011 by [[Byju Raveendran]] and [[Divya Gokulnath]]. {{As of|2022|3}}, Byju's is valued at {{US$|22|link=}} billion<ref>{{Cite web |title=Byju's valued at $22 bn after fresh $800 mn funding |url=https://www.fortuneindia.com/venture/byjus-valued-at-22-bn-after-fresh-800-mn-funding/107421 |access-date=2022-03-24 |website=www.fortuneindia.com |language=en}}</ref> and the company claims to have over 115 million registered students.<ref>{{Cite web|date=December 8, 2021|title=Byju's acquires Austria's GeoGebra|url=https://timesofindia.indiatimes.com/business/india-business/byjus-acquires-austrias-geogebra/articleshow/88163527.cms|access-date=2022-01-13|website=The Times of India|language=en}}</ref>
 == History ==
 [[File:Byju Raveendran CEO Byju's.jpg|thumb|Byju's CEO Byju Raveendran]]
-Byju's app was developed by Think and Learn Pvt. Ltd, a company which was established by [[Byju Raveendran]], [[Divya Gokulnath]] and a group of students in 2011.<ref name="bloomberg">{{cite news|last=Rai|first=Saritha|date=21 June 2017|title=Zuckerberg or Gates? Billionaires Try Opposite Paths for Online Education in India|newspaper=Bloomberg.com|url=https://www.bloomberg.com/news/articles/2017-06-20/zuckerberg-or-gates-billionaires-try-opposites-paths-for-online-education-in-india|url-status=live|archive-url=https://archive.today/20180324072640/https://www.bloomberg.com/news/articles/2017-06-20/zuckerberg-or-gates-billionaires-try-opposites-paths-for-online-education-in-india|archive-date=24 March 2018|access-date=4 May 2019|publisher=[[Bloomberg Technology]]}}</ref><ref name=entrep>{{cite web|url=https://www.entrepreneur.com/article/310403|title=Decoding Byju's Journey From Start-up to Unicorn|first=Sandeep|last=Soni|date=14 March 2018|work=[[Entrepreneur (magazine)|Entrepreneur India]]|archive-url= https://web.archive.org/web/20180324083500/https://www.entrepreneur.com/article/310403|archive-date=24 March 2018|access-date=4 May 2019}}</ref><ref name="Ghosh 2020">{{cite news |last1=Ghosh |first1=Debojyoti |title=Byju's better half |url=https://www.fortuneindia.com/people/byjus-better-half/104850 |access-date=26 March 2021 |work=Fortune India |date=November 21, 2020}}</ref> Byju, an [[engineer]] by profession was coaching students in [[mathematics]] since 2006.<ref name=bloomberg /><ref>{{Cite web |title=BYJU'S The Learning App - Case - Faculty & Research - Harvard Business School |url=https://www.hbs.edu/faculty/Pages/item.aspx?num=52474&source=post_page--------------------------- |access-date=2022-07-18 |website=www.hbs.edu}}</ref> In initial days the company focused on offering online video-based learning programs for the [[K-12]] segment and for competitive exams.<ref name="8students">{{cite news|url=https://economictimes.indiatimes.com/small-biz/startups/newsbuzz/how-8-students-helped-byju-raveendran-build-his-multi-crore-edtech-business/articleshow/59274288.cms|title=How 8 students helped Byju Raveendran build his multi-crore edtech business|author=J Vignesh|date=23 June 2017|newspaper=[[The Economic Times]]| archive-url= https://web.archive.org/web/20180412072941/https://economictimes.indiatimes.com/small-biz/startups/newsbuzz/how-8-students-helped-byju-raveendran-build-his-multi-crore-edtech-business/articleshow/59274288.cms|archive-date=12 April 2018|access-date=4 May 2019}}</ref><ref>{{cite news|url= https://economictimes.indiatimes.com/small-biz/startups/overseas-expansion-acquisition-on-byju-raveendrans-mind/articleshow/53392426.cms|title=Overseas expansion, acquisition on Byju Raveendran's mind|author=Anu Thomas|date= 28 July 2016|newspaper=[[The Economic Times]]|archive-url=https://web.archive.org/web/20180413112147/https://economictimes.indiatimes.com/small-biz/startups/overseas-expansion-acquisition-on-byju-raveendrans-mind/articleshow/53392426.cms|archive-date=13 April 2018|access-date= 4 May 2019}}</ref> In 2012, the firm entered Deloitte Technology Fast 50 India and [[Deloitte Technology Fast 500|Deloitte Technology Fast 500 Asia Pacific]] ratings and has been present there ever since.<ref name=entrep /><ref name="del">{{cite web|url=https://www2.deloitte.com/content/dam/Deloitte/in/Documents/technology-media-telecommunications/in-tmt-tech-fast-50-winners-report-17-noexp.pdf|title=Deloitte Technology Fast50 India 2017 Ranking|year=2017|publisher=[[Deloitte]]|archive-url= https://web.archive.org/web/20180412073224/https://www2.deloitte.com/content/dam/Deloitte/in/Documents/technology-media-telecommunications/in-tmt-tech-fast-50-winners-report-17-noexp.pdf|archive-date=12 April 2018|access-date=4 May 2019}}</ref>
+Byju's app was developed by Think and Learn Pvt. Ltd, a company which was established by [[Byju Raveendran]], [[Divya Gokulnath]] and a group of students in 2011.<ref name="bloomberg">{{cite news|last=Rai|first=Saritha|date=21 June 2017|title=Zuckerberg or Gates? Billionaires Try Opposite Paths for Online Education in India|newspaper=Bloomberg.com|url=https://www.bloomberg.com/news/articles/2017-06-20/zuckerberg-or-gates-billionaires-try-opposites-paths-for-online-education-in-india|url-status=live|archive-url=https://archive.today/20180324072640/https://www.bloomberg.com/news/articles/2017-06-20/zuckerberg-or-gates-billionaires-try-opposites-paths-for-online-education-in-india|archive-date=24 March 2018|access-date=4 May 2019|publisher=[[Bloomberg Technology]]}}</ref><ref name=entrep>{{cite web|url=https://www.entrepreneur.com/article/310403|title=Decoding Byju's Journey From Start-up to Unicorn|first=Sandeep|last=Soni|date=14 March 2018|work=[[Entrepreneur (magazine)|Entrepreneur India]]|archive-url= https://web.archive.org/web/20180324083500/https://www.entrepreneur.com/article/310403|archive-date=24 March 2018|access-date=4 May 2019}}</ref><ref name="Ghosh 2020">{{cite news |last1=Ghosh |first1=Debojyoti |title=Byju's better half |url=https://www.fortuneindia.com/people/byjus-better-half/104850 |access-date=26 March 2021 |work=Fortune India |date=November 21, 2020}}</ref> Byju, an [[engineer]] by profession was coaching students in [[mathematics]] since 2006.<ref name=bloomberg /><ref>{{Cite web |title=BYJU'S The Learning App |department=Faculty & Research |publisher=Harvard Business School |url=https://www.hbs.edu/faculty/Pages/item.aspx?num=52474&source=post_page--------------------------- |access-date=2022-07-18 |website=www.hbs.edu}}</ref> In initial days the company focused on offering online video-based learning programs for the [[K-12]] segment and for competitive exams.<ref name="8students">{{cite news|url=https://economictimes.indiatimes.com/small-biz/startups/newsbuzz/how-8-students-helped-byju-raveendran-build-his-multi-crore-edtech-business/articleshow/59274288.cms|title=How 8 students helped Byju Raveendran build his multi-crore edtech business|author=J Vignesh|date=23 June 2017|newspaper=[[The Economic Times]]| archive-url= https://web.archive.org/web/20180412072941/https://economictimes.indiatimes.com/small-biz/startups/newsbuzz/how-8-students-helped-byju-raveendran-build-his-multi-crore-edtech-business/articleshow/59274288.cms|archive-date=12 April 2018|access-date=4 May 2019}}</ref><ref>{{cite news|url= https://economictimes.indiatimes.com/small-biz/startups/overseas-expansion-acquisition-on-byju-raveendrans-mind/articleshow/53392426.cms|title=Overseas expansion, acquisition on Byju Raveendran's mind|author=Anu Thomas|date= 28 July 2016|newspaper=[[The Economic Times]]|archive-url=https://web.archive.org/web/20180413112147/https://economictimes.indiatimes.com/small-biz/startups/overseas-expansion-acquisition-on-byju-raveendrans-mind/articleshow/53392426.cms|archive-date=13 April 2018|access-date= 4 May 2019}}</ref> In 2012, the firm entered Deloitte Technology Fast 50 India and [[Deloitte Technology Fast 500|Deloitte Technology Fast 500 Asia Pacific]] ratings and has been present there ever since.<ref name=entrep /><ref name="del">{{cite web|url=https://www2.deloitte.com/content/dam/Deloitte/in/Documents/technology-media-telecommunications/in-tmt-tech-fast-50-winners-report-17-noexp.pdf|title=Deloitte Technology Fast50 India 2017 Ranking|year=2017|publisher=[[Deloitte]]|archive-url= https://web.archive.org/web/20180412073224/https://www2.deloitte.com/content/dam/Deloitte/in/Documents/technology-media-telecommunications/in-tmt-tech-fast-50-winners-report-17-noexp.pdf|archive-date=12 April 2018|access-date=4 May 2019}}</ref>
 In August 2015,  the firm launched Byju's: The Learning App.<ref name="financial2018">{{cite news|url=http://www.financialexpress.com/education-2/reinventing-the-classroom-says-byju-raveendran-of-byjus-the-learning-app/755401/|title=Reinventing the classroom, says Byju Raveendran of Byju's: The Learning App|author=Gaurab Dasgupta|date=25 August 2017|newspaper=[[The Financial Express (India)|Financial Express]]|archive-url= https://web.archive.org/web/20180412074915/http://www.financialexpress.com/education-2/reinventing-the-classroom-says-byju-raveendran-of-byjus-the-learning-app/755401/|archive-date=12 April 2018|access-date=4 May 2019}}</ref><ref name=8students /> In 2017, they launched Byju's Math App for kids and Byju's Parent Connect app.<ref>{{cite news|url=https://www.businessinsider.in/Byjus-new-gamified-app-wantsto-make-studying-Maths-real-fun-for-students/articleshow/57166026.cms|title=Byju's new gamified app wants to make studying Maths real fun for students|first=Tanya|last=Dubey|date=15 February 2017|work=[[Business Insider| Business Insider India]]|archive-url= https://web.archive.org/web/20180412075729/https://www.businessinsider.in/Byjus-new-gamified-app-wantsto-make-studying-Maths-real-fun-for-students/articleshow/57166026.cms|archive-date=12 April 2018|access-date=4 May 2019}}</ref><ref>{{cite news|url=https://www.thehindubusinessline.com/news/education/parent-connect-app-will-track-the-childs-learning-journey-says-byjus-ceo/article9715336.ece|title= Parent connect app will track the child's learning journey, says Byju's CEO|author=Venkatesh Ganesh|publisher=[[Business Line]]|archive-url= https://web.archive.org/web/20180412075855/https://www.thehindubusinessline.com/news/education/parent-connect-app-will-track-the-childs-learning-journey-says-byjus-ceo/article9715336.ece|archive-date=12 April 2018|access-date=4 May 2019}}</ref> By 2018, it had 15 million users out of which 900,000 were paid users at that time.<ref name="et2018a">{{cite news|url=https://economictimes.indiatimes.com/small-biz/startups/newsbuzz/byjus-targets-rs-1300-crore-revenue-next-year/articleshow/63397720.cms|title=Byju's targets Rs 1300 crore revenue next year|first=Krishna|last=Kumar|date=21 March 2018|newspaper=[[The Economic Times]]|archive-url=https://archive.today/20180324080218/https://economictimes.indiatimes.com/small-biz/startups/newsbuzz/byjus-targets-rs-1300-crore-revenue-next-year/articleshow/63397720.cms|archive-date=24 March 2018|access-date=4 May 2019|url-status=live}}</ref><ref name="economist">{{cite news|url=https://www.economist.com/news/business/21737096-byjus-has-900000-paid-users-and-investment-sequoia-capital-and-chinas-tencent-indian|title=Indian teaching startups make work for idle thumbs|date=17 February 2018|newspaper=[[The Economist]]|archive-url=https://web.archive.org/web/20180217112341/https://www.economist.com/news/business/21737096-byjus-has-900000-paid-users-and-investment-sequoia-capital-and-chinas-tencent-indian|archive-date= 17 February 2018|access-date=4 May 2019}}</ref> In the same year, Byju's became India’s first edtech unicorn.<ref>{{Cite web|title=Byju's Is India's First EdTech Unicorn|url=https://finance.yahoo.com/news/byju-india-first-edtech-unicorn-043520632.html|access-date=2022-01-13|website=finance.yahoo.com|language=en-US}}</ref> By 2019, 60% of BYJU’S students were from non-metros and rural cities.<ref>{{Cite web|title=Byju's profit up due to non-metro users|url=https://www.newindianexpress.com/business/2019/dec/19/byjus-profit-up-due-to-non-metro-users-2078273.html|access-date=2022-01-13|website=The New Indian Express}}</ref>
-In January 2022, the company joined Simplilearn, Unacademy, upGrad, and [[Vedantu]] to become one of the founding members of [[IAMAI]]'s India EdTech Consortium.<ref>{{Cite news|others=PTI|date=2022-01-12|title=IAMAI sets up India EdTech Consortium to uphold code of conduct by edtech platforms|language=en-IN|work=The Hindu|url=https://www.thehindu.com/education/iamai-sets-up-india-edtech-consortium-to-uphold-code-of-conduct-by-edtech-platforms/article38248144.ece|access-date=2022-02-10|issn=0971-751X}}</ref>
+In January 2022, the company joined Simplilearn, Unacademy, upGrad, PrepInsta Prime and [[Vedantu]] to become one of the founding members of [[IAMAI]]'s India EdTech Consortium.<ref>{{Cite news|agency=PTI|date=2022-01-12|title=IAMAI sets up India EdTech Consortium to uphold code of conduct by edtech platforms|language=en-IN|work=The Hindu|url=https://www.thehindu.com/education/iamai-sets-up-india-edtech-consortium-to-uphold-code-of-conduct-by-edtech-platforms/article38248144.ece|access-date=2022-02-10|issn=0971-751X}}</ref>
 In March 2022, it signed a contract with [[Qatar Investment Authority]] to establish a new edtech company and a R&D centre in Doha.<ref>{{Cite news |last=Abrar |first=Peerzada |date=2022-03-28 |title=Byju's and Qatar Investment Authority announce ed-tech subsidiary in Doha |work=Business Standard India |url=https://www.business-standard.com/article/companies/byju-s-and-qatar-investment-authority-announce-ed-tech-subsidiary-in-doha-122032800784_1.html |access-date=2022-04-30}}</ref>
+In August 2022, ''[[Bloomberg News]]'' reported that the [[Ministry of Corporate Affairs]] sent a letter to Byju's asking them to explain the non-filing of its audited financials for the year ending March 2021. Having missed the deadline by over 17 months, Byju's reasoned the delay was due to the challenge of consolidating the accounts of its acquisitions during that year.<ref>{{cite news |url=https://www.bloomberg.com/news/articles/2022-08-25/byju-s-said-to-be-asked-reasons-for-delayed-filing-of-accounts |title=India Seeks Byju's Reply on Delayed Filing of Audited Accounts |date=2022-08-25 |url-access=limited |first1=Shruti |last1=Srivastava |first2=Anto |last2=Antony |archive-url=http://archive.today/2022.08.26-020017/https://www.bloomberg.com/news/articles/2022-08-25/byju-s-said-to-be-asked-reasons-for-delayed-filing-of-accounts |archive-date=2022-08-26}}</ref> In spite of the delay, Deloitte gave the company a clean audit.<ref>{{Cite web |title=BYJU's receives a clean bill of health from Deloitte – e3d news |date=5 September 2022 |url=https://e3dnews.com/2022/09/05/byjus-unqualified-deloitte/ |access-date=2022-09-06 |language=en-US}}</ref> In November 2022, many employees of Byju's came out to speak against the company's unfair treatment. Reportedly, Byju's sacked over 5,000 employees.<ref>{{Cite web |title="Byju's Forced Us To Resign, Treated Us As Robots," Say Sacked Employees |url=https://www.ndtv.com/india-news/byjus-ex-employees-claim-company-forced-them-to-sign-resignation-letters-treated-them-as-robots-3487877 |access-date=2022-11-05 |website=NDTV.com}}</ref>
 == Products and services ==
-Byju's is an education tutoring app that runs on a [[freemium]] model,<ref name="tech2016">{{cite web|url= http://techcircle.vccircle.com/2016/03/22/ed-tech-startup-byjus-raises-75m-from-sequoia-sofina/|title=Ed-tech startup Byju's raises $75M from Sequoia, Sofina|first=Priya|last=Prasad|date=22 March 2016|website=[[VCCircle]]|archive-url=https://web.archive.org/web/20180331161943/http://techcircle.vccircle.com/2016/03/22/ed-tech-startup-byjus-raises-75m-from-sequoia-sofina/|archive-date=31 March 2018|access-date=4 May 2019}}</ref> with free access to content limited for 15 days after the registration.<ref name=tech2016 /><ref name="manorama">{{cite web|url=https://english.manoramaonline.com/business/news/byju-raveendran-50-million-investments-facebook-zuckerberg.html|title=Byju Raveendran: From a Malayalam school to an app with Zuckerberg funding|first=Ajish|last=George|date=12 September 2016|newspaper=[[Malayala Manorama]]|archive-url=https://web.archive.org/web/20180331163007/https://english.manoramaonline.com/business/news/byju-raveendran-50-million-investments-facebook-zuckerberg.html|archive-date=31 March 2018|access-date=4 May 2019}}</ref> It was launched in August 2015,<ref name="rediff_201610">{{Cite news|url=http://www.rediff.com/business/interview/two-lakh-to-330-crore-the-byjus-classes-success-story/20161007.htm|title=2 lakh to 3300 crore: The Byju's Classes success story|last=Warrier|first=Shobha|website=[[Rediff.com]]|archive-url=https://web.archive.org/web/20180802204802/http://www.rediff.com/business/interview/two-lakh-to-330-crore-the-byjus-classes-success-story/20161007.htm|archive-date=2 August 2018|access-date=4 May 2019}}</ref> offering educational content for students from classes 4 to 12<ref>{{Cite journal |last=Williamson |first=Ben |date=2022-04-03 |title=Big EdTech |url=https://doi.org/10.1080/17439884.2022.2063888 |journal=Learning, Media and Technology |volume=47 |issue=2 |pages=157–162 |doi=10.1080/17439884.2022.2063888 |issn=1743-9884}}</ref> and in 2019 an early learning program has started for classes 1 to 3.<ref name="et2018a" /> It also trains students for examinations in [[India]] such as [[IIT-JEE]], [[National Eligibility and Entrance Test|NEET]], [[Common Admission Test|CAT]], [[Indian Administrative Service|IAS]], and international examinations such as [[GRE]] and [[GMAT]].<ref>{{cite web|url=https://www.moneycontrol.com/news/business/companies/byjus-ceo-targets-entry-into-unicorn-club-aims-to-turn-profitable-in-fy18-2286985.html|title=Byjus' CEO targets entry into unicorn club; aims to turn profitable in FY18|first=Durba|last=Ghosh|date=24 May 2017|website=[[Moneycontrol.com]]|archive-url=https://web.archive.org/web/20180331144119/https://www.moneycontrol.com/news/business/companies/byjus-ceo-targets-entry-into-unicorn-club-aims-to-turn-profitable-in-fy18-2286985.html|archive-date=31 March 2018|access-date=4 May 2019|url-status=dead}}</ref>
+Byju's is an education tutoring app that runs on a [[freemium]] model,<ref name="tech2016">{{cite web|url= http://techcircle.vccircle.com/2016/03/22/ed-tech-startup-byjus-raises-75m-from-sequoia-sofina/|title=Ed-tech startup Byju's raises $75M from Sequoia, Sofina|first=Priya|last=Prasad|date=22 March 2016|website=[[VCCircle]]|archive-url=https://web.archive.org/web/20180331161943/http://techcircle.vccircle.com/2016/03/22/ed-tech-startup-byjus-raises-75m-from-sequoia-sofina/|archive-date=31 March 2018|access-date=4 May 2019}}</ref> with free access to content limited for 15 days after the registration.<ref name=tech2016 /><ref name="manorama">{{cite web|url=https://english.manoramaonline.com/business/news/byju-raveendran-50-million-investments-facebook-zuckerberg.html|title=Byju Raveendran: From a Malayalam school to an app with Zuckerberg funding|first=Ajish|last=George|date=12 September 2016|newspaper=[[Malayala Manorama]]|archive-url=https://web.archive.org/web/20180331163007/https://english.manoramaonline.com/business/news/byju-raveendran-50-million-investments-facebook-zuckerberg.html|archive-date=31 March 2018|access-date=4 May 2019}}</ref> It was launched in August 2015,<ref name="rediff_201610">{{Cite news|url=http://www.rediff.com/business/interview/two-lakh-to-330-crore-the-byjus-classes-success-story/20161007.htm|title=2 lakh to 3300 crore: The Byju's Classes success story|last=Warrier|first=Shobha|website=[[Rediff.com]]|archive-url=https://web.archive.org/web/20180802204802/http://www.rediff.com/business/interview/two-lakh-to-330-crore-the-byjus-classes-success-story/20161007.htm|archive-date=2 August 2018|access-date=4 May 2019}}</ref> offering educational content for students from classes 4 to 12<ref>{{Cite journal |last=Williamson |first=Ben |date=2022-04-03 |title=Big EdTech |url=https://doi.org/10.1080/17439884.2022.2063888 |journal=Learning, Media and Technology |volume=47 |issue=2 |pages=157–162 |doi=10.1080/17439884.2022.2063888 |s2cid=249100577 |issn=1743-9884}}</ref> and in 2019 an early learning program has started for classes 1 to 3.<ref name="et2018a" /> It also trains students for examinations in [[India]] such as [[IIT-JEE]], [[National Eligibility and Entrance Test|NEET]], [[Common Admission Test|CAT]], [[Indian Administrative Service|IAS]], and international examinations such as [[Graduate Record Examinations|GRE]] and [[GMAT]].<ref>{{cite web|url=https://www.moneycontrol.com/news/business/companies/byjus-ceo-targets-entry-into-unicorn-club-aims-to-turn-profitable-in-fy18-2286985.html|title=Byjus' CEO targets entry into unicorn club; aims to turn profitable in FY18|first=Durba|last=Ghosh|date=24 May 2017|website=[[Moneycontrol.com]]|archive-url=https://web.archive.org/web/20180331144119/https://www.moneycontrol.com/news/business/companies/byjus-ceo-targets-entry-into-unicorn-club-aims-to-turn-profitable-in-fy18-2286985.html|archive-date=31 March 2018|access-date=4 May 2019|url-status=dead}}</ref>
+Academic subjects and concepts are explained with 12-20 minute [[Computer animation|digital animation]] videos<ref name="ecotimes_201606">{{Cite news|url=https://economictimes.indiatimes.com/wealth/earn/why-byju-raveendrans-firm-is-leading-in-the-educational-technology-space/articleshow/52700525.cms|title=Why Byju Raveendran's firm is leading in the educational technology space|last=Dwivedi|first=Vinay|newspaper=[[The Economic Times]]|date=13 June 2016|access-date=4 May 2019|archive-url=https://web.archive.org/web/20190215160026/https://economictimes.indiatimes.com/wealth/earn/why-byju-raveendrans-firm-is-leading-in-the-educational-technology-space/articleshow/52700525.cms|archive-date=15 February 2019|url-status=live}}</ref><ref name="qz_201607">{{Cite news|url=https://qz.com/740893/an-engineer-has-built-indias-largest-education-technology-startup-by-helping-students-get-into-the-iims/|title=India's largest edu-tech startup was built by an engineer who aced CAT for fun—twice|last=Karnik|first=Madhura|website=[[Quartz (publication)|Quartz]]|date=27 July 2016|archive-url=https://web.archive.org/web/20160801073300/https://qz.com/740893/an-engineer-has-built-indias-largest-education-technology-startup-by-helping-students-get-into-the-iims/|archive-date=1 August 2016|access-date=4 May 2019}}</ref><ref name="forbes_201609">{{Cite web|url=http://www.forbesindia.com/article/hidden-gems-2016/how-byjus-fills-the-biggest-gap-in-indian-education/44247/1|title=How Byju's fills the biggest gap in Indian education|last=Shree|first=Shilpa|website=[[Forbes India]]|language=en-US|date=9 September 2016|archive-url=https://web.archive.org/web/20180731184429/http://www.forbesindia.com/article/hidden-gems-2016/how-byjus-fills-the-biggest-gap-in-indian-education/44247/1|archive-date=31 July 2018|access-date=4 May 2019}}</ref> and through which students learn in a self-paced mode.<ref>{{Cite book |last1=Mirjana |first1=Pejic-Bach |url=https://books.google.com/books?id=xG9bEAAAQBAJ&dq=%22Byju%27s%22&pg=PA293 |title=Management Strategies for Sustainability, New Knowledge Innovation, and Personalized Products and Services |last2=Ça?lar |first2=Do?ru |date=2022-01-14 |publisher=IGI Global |isbn=978-1-7998-7795-0 |language=en}}</ref> Byju's reports to have 40 million users overall, 3 million annual paid subscribers and an annual retention rate of about 85%.<ref>{{cite web|url=http://www.businessworld.in/article/Byju-s-Group-The-World-Is-His-Classroom/29-04-2019-169817/|title=Byju's Group: The World Is His Classroom|first=Suman|last=K Jha|work=[[Businessworld]]|date=29 April 2019|archive-url=https://web.archive.org/web/20190502150713/http://www.businessworld.in/article/Byju-s-Group-The-World-Is-His-Classroom/29-04-2019-169817/|archive-date=2 May 2019|access-date=2 May 2019}}</ref><ref>{{cite web|url=https://www.forbes.com/sites/sindhujabalaji/2018/03/11/how-are-indias-biggest-edtech-startups-winning-students-by-treating-it-like-a-game/|title=How Are India's Biggest EdTech Startups Winning Students? By Treating It Like A Game|first=Sindhuja|last=Balaji|date=11 March 2018|work=[[Forbes India]]|access-date=4 May 2019|archive-url=https://web.archive.org/web/20190720010545/https://www.forbes.com/sites/sindhujabalaji/2018/03/11/how-are-indias-biggest-edtech-startups-winning-students-by-treating-it-like-a-game/|archive-date=20 July 2019|url-status=live}}</ref> In October 2018, the app expanded to the United Kingdom, United States and other English-speaking countries.<ref>{{Cite web |title=BBC World News - India's Game-Changers, Byju Raveendran |url=https://www.bbc.co.uk/programmes/n3ct5ckk |access-date=2022-10-08 |website=BBC |language=en-GB}}</ref>
-Academic subjects and concepts are explained with 12-20 minute [[Computer animation|digital animation]] videos<ref name="ecotimes_201606">{{Cite news|url=https://economictimes.indiatimes.com/wealth/earn/why-byju-raveendrans-firm-is-leading-in-the-educational-technology-space/articleshow/52700525.cms|title=Why Byju Raveendran's firm is leading in the educational technology space|last=Dwivedi|first=Vinay|newspaper=[[The Economic Times]]|date=13 June 2016|access-date=4 May 2019|archive-url=https://web.archive.org/web/20190215160026/https://economictimes.indiatimes.com/wealth/earn/why-byju-raveendrans-firm-is-leading-in-the-educational-technology-space/articleshow/52700525.cms|archive-date=15 February 2019|url-status=live}}</ref><ref name="qz_201607">{{Cite news|url=https://qz.com/740893/an-engineer-has-built-indias-largest-education-technology-startup-by-helping-students-get-into-the-iims/|title=India's largest edu-tech startup was built by an engineer who aced CAT for fun—twice|last=Karnik|first=Madhura|website=[[Quartz (publication)|Quartz]]|date=27 July 2016|archive-url=https://web.archive.org/web/20160801073300/https://qz.com/740893/an-engineer-has-built-indias-largest-education-technology-startup-by-helping-students-get-into-the-iims/|archive-date=1 August 2016|access-date=4 May 2019}}</ref><ref name="forbes_201609">{{Cite web|url=http://www.forbesindia.com/article/hidden-gems-2016/how-byjus-fills-the-biggest-gap-in-indian-education/44247/1|title=How Byju's fills the biggest gap in Indian education|last=Shree|first=Shilpa|website=[[Forbes India]]|language=en-US|date=9 September 2016|archive-url=https://web.archive.org/web/20180731184429/http://www.forbesindia.com/article/hidden-gems-2016/how-byjus-fills-the-biggest-gap-in-indian-education/44247/1|archive-date=31 July 2018|access-date=4 May 2019}}</ref> and through which students learn in a self-paced mode.<ref>{{Cite book |last1=Mirjana |first1=Pejic-Bach |url=https://books.google.com/books?id=xG9bEAAAQBAJ&dq=%22Byju%27s%22&pg=PA293 |title=Management Strategies for Sustainability, New Knowledge Innovation, and Personalized Products and Services |last2=Ça?lar |first2=Do?ru |date=2022-01-14 |publisher=IGI Global |isbn=978-1-7998-7795-0 |language=en}}</ref> Byju's reports to have 40 million users overall, 3 million annual paid subscribers and an annual retention rate of about 85%.<ref>{{cite web|url=http://www.businessworld.in/article/Byju-s-Group-The-World-Is-His-Classroom/29-04-2019-169817/|title=Byju's Group: The World Is His Classroom|first=Suman|last=K Jha|work=[[Businessworld]]|date=29 April 2019|archive-url=https://web.archive.org/web/20190502150713/http://www.businessworld.in/article/Byju-s-Group-The-World-Is-His-Classroom/29-04-2019-169817/|archive-date=2 May 2019|access-date=2 May 2019}}</ref><ref>{{cite web|url=https://www.forbes.com/sites/sindhujabalaji/2018/03/11/how-are-indias-biggest-edtech-startups-winning-students-by-treating-it-like-a-game/|title=How Are India's Biggest EdTech Startups Winning Students? By Treating It Like A Game|first=Sindhuja|last=Balaji|date=11 March 2018|work=[[Forbes India]]|access-date=4 May 2019|archive-url=https://web.archive.org/web/20190720010545/https://www.forbes.com/sites/sindhujabalaji/2018/03/11/how-are-indias-biggest-edtech-startups-winning-students-by-treating-it-like-a-game/|archive-date=20 July 2019|url-status=live}}</ref> In 2019, the company announced that it would launch its app in regional [[Languages of India|Indian languages]].<ref>{{cite web|url=http://bestmediainfo.com/2017/11/byju-s-looking-at-regional-languages-and-international-markets-for-growth/|title=Byju's looking at regional languages and international markets for growth|first=Roshni|last=Nair|date=22 November 2017|website=bestmediainfo.com|archive-url=https://web.archive.org/web/20180331155917/http://bestmediainfo.com/2017/11/byju-s-looking-at-regional-languages-and-international-markets-for-growth/|archive-date=31 March 2018|access-date=4 May 2019}}</ref><ref name="et2018a" /> It also planned to launch an international version of the app for English-speaking students in other countries.<ref>{{cite web|url= http://techcircle.vccircle.com/2018/03/09/why-ed-tech-startup-byju-s-will-build-not-buy-for-its-global-expansion|title= Why ed-tech startup Byju's will build, not buy, for its global expansion|first1=Anand|last1=J.|first2=Dearton Thomas|last2=Hector|date=9 March 2018|website=[[VCCircle]]|archive-url= https://web.archive.org/web/20190502090122/https://www.techcircle.in/2018/03/09/why-ed-tech-startup-byju-s-will-build-not-buy-for-its-global-expansion|archive-date=2 May 2019|access-date=2 May 2019}}</ref><ref>{{cite web|url=https://techcrunch.com/2018/12/17/byjus-raises-540-million/|title=Byju's targets global expansion for its digital education service after raising $540M|first=Jon|last=Russell|website=[[TechCrunch]]|date=17 December 2018|access-date=2 May 2019|archive-url=https://web.archive.org/web/20190505034826/https://techcrunch.com/2018/12/17/byjus-raises-540-million/|archive-date=5 May 2019|url-status=live}}</ref>  And to cater students of kindergarten, Byju's launched new programs in its Early Learn App.<ref>{{Cite web|title=Disney. Byju's Early Learn App Now Offers Learning Programs For Kindergarten Kids In India|url=https://www.apnnews.com/disney-byjus-early-learn-app-now-offers-learning-programs-for-kindergarten-kids-in-india/|access-date=2020-06-15|language=en-US}}</ref>
+In 2019, the company announced that it would launch its app in regional [[Languages of India|Indian languages]].<ref>{{cite web|url=http://bestmediainfo.com/2017/11/byju-s-looking-at-regional-languages-and-international-markets-for-growth/|title=Byju's looking at regional languages and international markets for growth|first=Roshni|last=Nair|date=22 November 2017|website=bestmediainfo.com|archive-url=https://web.archive.org/web/20180331155917/http://bestmediainfo.com/2017/11/byju-s-looking-at-regional-languages-and-international-markets-for-growth/|archive-date=31 March 2018|access-date=4 May 2019}}</ref><ref name="et2018a" /> It also planned to launch an international version of the app for English-speaking students in other countries.<ref>{{cite web|url= http://techcircle.vccircle.com/2018/03/09/why-ed-tech-startup-byju-s-will-build-not-buy-for-its-global-expansion|title= Why ed-tech startup Byju's will build, not buy, for its global expansion|first1=Anand|last1=J.|first2=Dearton Thomas|last2=Hector|date=9 March 2018|website=[[VCCircle]]|archive-url= https://web.archive.org/web/20190502090122/https://www.techcircle.in/2018/03/09/why-ed-tech-startup-byju-s-will-build-not-buy-for-its-global-expansion|archive-date=2 May 2019|access-date=2 May 2019}}</ref><ref>{{cite web|url=https://techcrunch.com/2018/12/17/byjus-raises-540-million/|title=Byju's targets global expansion for its digital education service after raising $540M|first=Jon|last=Russell|website=[[TechCrunch]]|date=17 December 2018|access-date=2 May 2019|archive-url=https://web.archive.org/web/20190505034826/https://techcrunch.com/2018/12/17/byjus-raises-540-million/|archive-date=5 May 2019|url-status=live}}</ref>  And to cater students of kindergarten, Byju's launched new programs in its Early Learn App.<ref>{{Cite web|title=Disney. Byju's Early Learn App Now Offers Learning Programs For Kindergarten Kids In India|url=https://www.apnnews.com/disney-byjus-early-learn-app-now-offers-learning-programs-for-kindergarten-kids-in-india/|access-date=2020-06-15|language=en-US}}</ref>
-In April 2021, the company also announced the launch of "Byju's Future School" to be led by [[WhiteHat Jr.|WhiteHat Jr]] Founder [[Karan Bajaj]].<ref>{{Cite web|date=2021-04-09|title=Byju's to build a blended-learning Future School based on WhiteHat Jr Success Story|url=https://www.ciol.com/byjus-build-blended-learning-future-school-based-whitehat-jr-success-story/|access-date=2021-04-19|website=CIOL|language=en-US}}</ref> The Future School aims to cross the bridge from passive to active learning with an interactive learning platform blended with coding and other subjects like Math, Science, English, Music and Fine arts through storytelling. Byju's will launch the Future School in the United States, United Kingdom, Australia, Brazil, Indonesia and Mexico in May.<ref>{{Cite news|last=Abrar|first=Peerzada|date=2021-04-08|title=Indian edtech giant Byju's expands globally, launches Future School|work=Business Standard India|url=https://www.business-standard.com/article/companies/indian-edtech-giant-byju-s-expands-globally-launches-future-school-121040800739_1.html|access-date=2021-04-19}}</ref>
+In April 2021, the company also announced the launch of "Byju's Future School" to be led by [[WhiteHat Jr.|WhiteHat Jr]] Founder [[Karan Bajaj]].<ref>{{Cite web|date=2021-04-09|title=Byju's to build a blended-learning Future School based on WhiteHat Jr Success Story|url=https://www.ciol.com/byjus-build-blended-learning-future-school-based-whitehat-jr-success-story/|access-date=2021-04-19|website=CIOL|language=en-US}}</ref> The Future School aims to cross the bridge from passive to active learning with an interactive learning platform blended with coding and other subjects like Math, Science, English, Music and Fine arts through storytelling. Byju's will launch the Future School in the United States, United Kingdom, Australia, Brazil, Indonesia and Mexico in May.<ref>{{Cite news|last=Abrar|first=Peerzada|date=2021-04-08|title=Indian edtech giant Byju's expands globally, launches Future School|work=Business Standard India|url=https://www.business-standard.com/article/companies/indian-edtech-giant-byju-s-expands-globally-launches-future-school-121040800739_1.html|access-date=2021-04-19}}</ref> Karan Bajaj quit WhitHat Jr a year after the acquisition.<ref>{{Cite news |title=WhiteHat Jr founder Karan Bajaj quits a year after acquisition by Byju's |work=The Economic Times |url=https://economictimes.indiatimes.com/tech/startups/whitehat-jr-founder-karan-bajaj-quits-a-year-after-acquisition-by-byjus/articleshow/85033048.cms |access-date=2022-10-08}}</ref>
-The company is focusing on adopting a hybrid model of teaching and learning by launching 500 tuition centers across 200 cities in India.<ref>{{Cite web |title=Byju's to launch 500 physical tuition centres as edtech firm ramps up blended learning |url=https://www.moneycontrol.com/news/business/companies/byjus-to-launch-500-physical-tuition-centres-as-edtech-firm-ramps-up-blended-learning-8120241.html |access-date=2022-03-10 |website=Moneycontrol |language=en}}</ref> As of February 2022, 80 centers are already launched.<ref>{{Cite web |last=Simhan |first=T. E. Raja |title=Byju's Tuition Centre to hire nearly 4,000 teachers this year |url=https://www.thehindubusinessline.com/news/education/byjus-tuition-centre-plans-to-hire-nearly-4000-teachers-this-year/article65062083.ece |access-date=2022-03-10 |website=www.thehindubusinessline.com |language=en}}</ref>
+The company is focusing on adopting a hybrid model of teaching and learning by launching 500 tuition centers across 200 cities in India.<ref>{{Cite web |title=Byju's to launch 500 physical tuition centres as edtech firm ramps up blended learning |url=https://www.moneycontrol.com/news/business/companies/byjus-to-launch-500-physical-tuition-centres-as-edtech-firm-ramps-up-blended-learning-8120241.html |access-date=2022-03-10 |website=Moneycontrol |language=en}}</ref> As of February 2022, 80 centers are already launched.<ref>{{Cite web |last=Simhan |first=T. E. Raja |title=Byju's Tuition Centre to hire nearly 4,000 teachers this year |url=https://www.thehindubusinessline.com/news/education/byjus-tuition-centre-plans-to-hire-nearly-4000-teachers-this-year/article65062083.ece |access-date=2022-03-10 |website=www.thehindubusinessline.com |date=18 February 2022 |language=en}}</ref>
 == Acquisitions ==
-In July 2017, Think and Learn acquired [[TutorVista]] (including Edurite) from [[Pearson plc|Pearson]].<ref>{{cite news|url= https://www.livemint.com/Companies/VtOJY1jBZSOrtBvyLzsrhI/Byjus-acquires-TutorVista-Eduvista-in-push-for-global-expa.html|title=Byju's buys Pearson's TutorVista, Edurite in push for global expansion|author=Sayan Chakraborty|date=4 July 2017|newspaper=[[Mint (newspaper)|Mint]]|archive-url=https://web.archive.org/web/20180412082807/https://www.livemint.com/Companies/VtOJY1jBZSOrtBvyLzsrhI/Byjus-acquires-TutorVista-Eduvista-in-push-for-global-expa.html|archive-date=12 April 2018|access-date=4 May 2019}}</ref><ref>{{cite news|url=https://economictimes.indiatimes.com/small-biz/startups/byjus-acquires-tutorvista-and-edurite/articleshow/59427281.cms|title= *Byju's acquires TutorVista, Edurite from Pearson|author=J Vignesh|date=3 July 2017|publisher=[[The Economic Times]]|archive-url= https://web.archive.org/web/20180412082950/https://economictimes.indiatimes.com/small-biz/startups/byjus-acquires-tutorvista-and-edurite/articleshow/59427281.cms|archive-date=12 April 2018|access-date=4 May 2019}}</ref><ref name="forbes_201707">{{cite news|last=Dhamija|first=Anshul|title=Byju's acquires TutorVista and Edurite from Pearson|url=http://www.forbesindia.com/article/special/byjus-acquires-tutorvista-and-edurite-from-pearson/47449/1|work=[[Forbes India]]|date=3 July 2017|access-date=4 May 2019}}</ref> In January 2019, Byju's acquired American-based [[Osmo (game system)|Osmo]], a maker of educational games for children aged 3–8 years for {{USD|120 million|link=yes}}.<ref>{{cite web|url=https://www.livemint.com/Companies/80Le6wvAY3xi3jFSs5FJLI/Byjus-acquires-USbased-Osmo-for-120-million.html|title=Byju's acquires US-based Osmo for $120 million, also Toppr |first=Deepti|last=Govind|website=[[Mint (newspaper)|Mint]]|date=19 January 2019|archive-url=https://web.archive.org/web/20190205042058/http://www.livemint.com/Companies/80Le6wvAY3xi3jFSs5FJLI/Byjus-acquires-USbased-Osmo-for-120-million.html|archive-date=5 February 2019|access-date=4 May 2019}}</ref> Byju's also acquired Indian startup WhiteHat Jr for {{USD|300 million}}.<ref>{{Cite news|url=https://economictimes.indiatimes.com/small-biz/startups/newsbuzz/byjus-acquires-mumbai-based-edtech-firm-whitehat-jr/articleshow/77378868.cms|title=Byju's parent buys WhiteHat Jr in $300m cash deal|first=Biswarup|last=Gooptu|newspaper=The Economic Times}}</ref> In September 2020, Byju's acquires virtual labs simulation startup LabInApp.<ref>{{Cite web|last=Bhalla|first=Tarush|date=2020-09-17|title=Byju's buys virtual simulation platform LabInApp|url=https://www.livemint.com/companies/news/byju-s-acquires-ed-tech-startup-labinapp-11600360542485.html|access-date=2021-07-05|website=mint|language=en}}</ref><ref>{{Cite web|last=Sil|first=Debarghya|date=2020-09-18|title=Edtech Giant Byju's Acquires Virtual Lab Simulation Platform LabInApp|url=https://www.entrepreneur.com/article/356376|access-date=2021-07-05|website=Entrepreneur|language=en}}</ref><ref>{{Cite web|title=Byju's acquires Unitus-funded edtech start-up LabInApp|url=https://www.thehindubusinessline.com/info-tech/social-media/byjus-acquires-unitus-funded-edtech-start-up-labinapp/article32632055.ece|access-date=2021-07-05|website=@businessline|language=en}}</ref> In February 2021, Byju's acquires [[Mumbai]]-based doubt clearing platform Scholr.<ref>{{Cite web|last=Upadhyay|first=Harsh|date=2021-02-18|title=Exclusive: Byju's acquires Mumbai-based doubt clearing platform Scholr|url=https://entrackr.com/2021/02/exclusive-byjus-acquires-mumbai-based-doubt-clearing-platform-scholr/|access-date=2021-02-19|website=Entrackr|language=en-US}}</ref>
+In July 2017, Think and Learn acquired [[TutorVista]] (including Edurite) from [[Pearson plc|Pearson]].<ref>{{cite news|url= https://www.livemint.com/Companies/VtOJY1jBZSOrtBvyLzsrhI/Byjus-acquires-TutorVista-Eduvista-in-push-for-global-expa.html|title=Byju's buys Pearson's TutorVista, Edurite in push for global expansion|author=Sayan Chakraborty|date=4 July 2017|newspaper=[[Mint (newspaper)|Mint]]|archive-url=https://web.archive.org/web/20180412082807/https://www.livemint.com/Companies/VtOJY1jBZSOrtBvyLzsrhI/Byjus-acquires-TutorVista-Eduvista-in-push-for-global-expa.html|archive-date=12 April 2018|access-date=4 May 2019}}</ref><ref>{{cite news|url=https://economictimes.indiatimes.com/small-biz/startups/byjus-acquires-tutorvista-and-edurite/articleshow/59427281.cms|title= *Byju's acquires TutorVista, Edurite from Pearson|author=J Vignesh|date=3 July 2017|publisher=[[The Economic Times]]|archive-url= https://web.archive.org/web/20180412082950/https://economictimes.indiatimes.com/small-biz/startups/byjus-acquires-tutorvista-and-edurite/articleshow/59427281.cms|archive-date=12 April 2018|access-date=4 May 2019}}</ref><ref name="forbes_201707">{{cite news|last=Dhamija|first=Anshul|title=Byju's acquires TutorVista and Edurite from Pearson|url=http://www.forbesindia.com/article/special/byjus-acquires-tutorvista-and-edurite-from-pearson/47449/1|work=[[Forbes India]]|date=3 July 2017|access-date=4 May 2019}}</ref> In January 2019, Byju's acquired American-based [[Osmo (game system)|Osmo]], a maker of educational games for children aged 3–8 years for {{USD|120 million|link=yes}}.<ref>{{cite web|url=https://www.livemint.com/Companies/80Le6wvAY3xi3jFSs5FJLI/Byjus-acquires-USbased-Osmo-for-120-million.html|title=Byju's acquires US-based Osmo for $120 million, also Toppr |first=Deepti|last=Govind|website=[[Mint (newspaper)|Mint]]|date=19 January 2019|archive-url=https://web.archive.org/web/20190205042058/http://www.livemint.com/Companies/80Le6wvAY3xi3jFSs5FJLI/Byjus-acquires-USbased-Osmo-for-120-million.html|archive-date=5 February 2019|access-date=4 May 2019}}</ref> Byju's also acquired Indian startup WhiteHat Jr for {{USD|300 million}}.<ref>{{Cite news|url=https://economictimes.indiatimes.com/small-biz/startups/newsbuzz/byjus-acquires-mumbai-based-edtech-firm-whitehat-jr/articleshow/77378868.cms|title=Byju's parent buys WhiteHat Jr in $300m cash deal|first=Biswarup|last=Gooptu|newspaper=The Economic Times}}</ref> In September 2020, Byju's acquires virtual labs simulation startup LabInApp.<ref>{{Cite web|last=Bhalla|first=Tarush|date=2020-09-17|title=Byju's buys virtual simulation platform LabInApp|url=https://www.livemint.com/companies/news/byju-s-acquires-ed-tech-startup-labinapp-11600360542485.html|access-date=2021-07-05|website=mint|language=en}}</ref><ref>{{Cite web|last=Sil|first=Debarghya|date=2020-09-18|title=Edtech Giant Byju's Acquires Virtual Lab Simulation Platform LabInApp|url=https://www.entrepreneur.com/article/356376|access-date=2021-07-05|website=Entrepreneur|language=en}}</ref><ref>{{Cite web|title=Byju's acquires Unitus-funded edtech start-up LabInApp|url=https://www.thehindubusinessline.com/info-tech/social-media/byjus-acquires-unitus-funded-edtech-start-up-labinapp/article32632055.ece|access-date=2021-07-05|website=@businessline|date=17 September 2020 |language=en}}</ref> In February 2021, Byju's acquires [[Mumbai]]-based doubt clearing platform Scholr.<ref>{{Cite web|last=Upadhyay|first=Harsh|date=2021-02-18|title=Exclusive: Byju's acquires Mumbai-based doubt clearing platform Scholr|url=https://entrackr.com/2021/02/exclusive-byjus-acquires-mumbai-based-doubt-clearing-platform-scholr/|access-date=2021-02-19|website=Entrackr|language=en-US}}</ref>
-In April 2021, Byju's acquired test prep firm Aakash Educational Services Ltd. in an estimated {{USD|950 million}} cash and stock deal. Aakash's founders and [[Blackstone Group]] will receive minority stakes in Byju's as part of the deal.<ref>{{cite news |last1=Shah |first1=Sneha |last2=Peermohamed |first2=Alnoor |title=Byju's to acquire Aakash Educational Services in nearly $1-billion deal |url=https://economictimes.indiatimes.com/tech/startups/byjus-to-acquire-aakash-educational-services-in-700-million-deal/articleshow/81910598.cms |website=The Economic Times |access-date=6 April 2021}}</ref><ref>{{Cite news|date=2021-01-12|title=Byju's to Pay $1 Billion for Blackstone-Backed India Tutor|language=en|work=Bloomberg.com|url=https://www.bloomberg.com/news/articles/2021-01-12/byju-s-said-to-pay-1-billion-for-blackstone-backed-india-tutor|access-date=2021-01-18}}</ref> In July 2021, Byju's acquired American-based kids learning platform [[Epic!]] in a {{USD|500 million}} cash-and-stock deal. The Epic acquisition was part of Byju's foray into the overseas market, from where it expects annual revenue of {{USD|300 million}} per financial year.<ref>{{Cite news|url=https://economictimes.indiatimes.com/tech/startups/byjus-acquires-us-edtech-firm-epic-in-500-million-deal/articleshow/84612454.cms|title = Byju's acquires US edtech firm Epic in $500-million deal|newspaper = The Economic Times}}</ref> In July 2021, Byju's acquired [[Singapore]]-based higher education platform Great Learning at a cost of {{USD|600 million}} and after-school learning app Toppr.<ref>{{cite news |title=Byju's Acquires Education Platform Great Learning For $600 Million |url=https://www.ndtv.com/business/byjus-acquires-education-platform-great-learning-2495176 |access-date=27 July 2021 |work=NDTV.com}}</ref> In September 2021, Byju's acquired two startups including online test preparation platform Gradeup for an undisclosed price and rebranded it to BYJU’S Exam Prep<ref>{{Cite web|last=Bhalla|first=Tarush|date=2021-09-07|title=Byju's takes over Gradeup in its 8th acquisition of the year|url=https://www.livemint.com/companies/start-ups/byjus-acquires-exam-prep-platform-gradeup-8th-buy-this-year-11631025394832.html|access-date=2021-09-10|website=mint|language=en}}</ref><ref>{{Cite news|title=Byju's acquires online exam preparation platform Gradeup|work=The Economic Times|url=https://economictimes.indiatimes.com/tech/startups/byjus-acquires-online-exam-preparation-platform-gradeup/articleshow/86016376.cms|access-date=2021-09-10}}</ref> and American based coding platform [[Tynker]] for {{USD|200 million}}.<ref>{{Cite web|date=September 17, 2021|first=Shilpa|last=Phadnis|title=tynker: Byju's acquires US kids coding platform for $200 million|url=https://timesofindia.indiatimes.com/business/india-business/byjus-acquires-us-kids-coding-platform-for-200-million/articleshow/86281012.cms|access-date=2021-09-18|website=The Times of India|language=en}}</ref><ref>{{Cite web|title=Byju's acquires coding platform Tynker for $200 million in US expansion push|url=https://social.techcrunch.com/2021/09/16/byjus-acquires-coding-platform-tynker-for-200-million-in-us-expansion-push/|access-date=2021-09-18|website=TechCrunch|language=en-US}}</ref> In December 2021, Byju’s acquired [[GeoGebra]] in a {{USD|100 million}} cash-and-stock deal.<ref>{{Cite news|last=Padmanabhan|first=Arun|title=Byju's acquires Austria's math platform GeoGebra in $100 million deal|work=The Economic Times|url=https://economictimes.indiatimes.com/tech/startups/byjus-acquires-austria-based-math-platform-geogebra/articleshow/88162698.cms|access-date=2021-12-18}}</ref>
+In April 2021, Byju's acquired test prep firm Aakash Educational Services Ltd. in an estimated {{USD|950 million}} cash and stock deal. Aakash's founders and [[Blackstone Group]] will receive minority stakes in Byju's as part of the deal.<ref>{{cite news |last1=Shah |first1=Sneha |last2=Peermohamed |first2=Alnoor |title=Byju's to acquire Aakash Educational Services in nearly $1-billion deal |url=https://economictimes.indiatimes.com/tech/startups/byjus-to-acquire-aakash-educational-services-in-700-million-deal/articleshow/81910598.cms |website=The Economic Times |access-date=6 April 2021}}</ref><ref>{{Cite news|date=2021-01-12|title=Byju's to Pay $1 Billion for Blackstone-Backed India Tutor|language=en|work=Bloomberg.com|url=https://www.bloomberg.com/news/articles/2021-01-12/byju-s-said-to-pay-1-billion-for-blackstone-backed-india-tutor|access-date=2021-01-18}}</ref> In July 2021, Byju's acquired American-based kids learning platform [[Epic!]] in a {{USD|500 million}} cash-and-stock deal. The Epic acquisition was part of Byju's foray into the overseas market, from where it expects annual revenue of {{USD|300 million}} per financial year.<ref>{{Cite news|url=https://economictimes.indiatimes.com/tech/startups/byjus-acquires-us-edtech-firm-epic-in-500-million-deal/articleshow/84612454.cms|title = Byju's acquires US edtech firm Epic in $500-million deal|newspaper = The Economic Times}}</ref> In July 2021, Byju's acquired [[Singapore]]-based higher education platform Great Learning at a cost of {{USD|600 million}} and after-school learning app Toppr.<ref>{{cite news |title=Byju's Acquires Education Platform Great Learning For $600 Million |url=https://www.ndtv.com/business/byjus-acquires-education-platform-great-learning-2495176 |access-date=27 July 2021 |work=NDTV.com}}</ref> In September 2021, Byju's acquired two startups including online test preparation platform Gradeup for an undisclosed price and rebranded it to BYJU’S Exam Prep<ref>{{Cite web|last=Bhalla|first=Tarush|date=2021-09-07|title=Byju's takes over Gradeup in its 8th acquisition of the year|url=https://www.livemint.com/companies/start-ups/byjus-acquires-exam-prep-platform-gradeup-8th-buy-this-year-11631025394832.html|access-date=2021-09-10|website=mint|language=en}}</ref><ref>{{Cite news|title=Byju's acquires online exam preparation platform Gradeup|work=The Economic Times|url=https://economictimes.indiatimes.com/tech/startups/byjus-acquires-online-exam-preparation-platform-gradeup/articleshow/86016376.cms|access-date=2021-09-10}}</ref> and American based coding platform [[Tynker]] for {{USD|200 million}}.<ref>{{Cite web|date=September 17, 2021|first=Shilpa|last=Phadnis|title=tynker: Byju's acquires US kids coding platform for $200 million|url=https://timesofindia.indiatimes.com/business/india-business/byjus-acquires-us-kids-coding-platform-for-200-million/articleshow/86281012.cms|access-date=2021-09-18|website=The Times of India|language=en}}</ref><ref>{{Cite web|title=Byju's acquires coding platform Tynker for $200 million in US expansion push|url=https://social.techcrunch.com/2021/09/16/byjus-acquires-coding-platform-tynker-for-200-million-in-us-expansion-push/|access-date=2021-09-18|website=TechCrunch|date=16 September 2021 |language=en-US}}</ref> In December 2021, Byju’s acquired [[GeoGebra]] in a {{USD|100 million}} cash-and-stock deal.<ref>{{Cite news|last=Padmanabhan|first=Arun|title=Byju's acquires Austria's math platform GeoGebra in $100 million deal|work=The Economic Times|url=https://economictimes.indiatimes.com/tech/startups/byjus-acquires-austria-based-math-platform-geogebra/articleshow/88162698.cms|access-date=2021-12-18}}</ref>
-Till date, Byju's invested at least $2.8 billion on a dozen acquisitions in an apparent attempt to expand beyond the original learning app and thread together its services that will allow it to reach learners of all ages. For example, it has ventured into exam preparation, higher education [[Mooc|MOOCs]], and tuition centers. In addition, it has acquired several additional platforms that offer [[virtual reality]], [[artificial intelligence]], and educational gaming services, most of which occurred in 2021.<ref>{{Cite journal |last=Williamson |first=Ben |date=2022-04-03 |title=Big EdTech |url=https://doi.org/10.1080/17439884.2022.2063888 |journal=Learning, Media and Technology |volume=47 |issue=2 |pages=157–162 |doi=10.1080/17439884.2022.2063888 |issn=1743-9884}}</ref>
+Till date, Byju's invested at least $2.8 billion on a dozen acquisitions in an apparent attempt to expand beyond the original learning app and thread together its services that will allow it to reach learners of all ages. For example, it has ventured into exam preparation, higher education [[Mooc|MOOCs]], and tuition centers. In addition, it has acquired several additional platforms that offer [[virtual reality]], [[artificial intelligence]], and educational gaming services, most of which occurred in 2021.<ref>{{Cite journal |last=Williamson |first=Ben |date=2022-04-03 |title=Big EdTech |url=https://doi.org/10.1080/17439884.2022.2063888 |journal=Learning, Media and Technology |volume=47 |issue=2 |pages=157–162 |doi=10.1080/17439884.2022.2063888 |s2cid=249100577 |issn=1743-9884}}</ref>
 == Funding and financials ==
-Byju's received [[Seed money|seed funding]] from Aarin Capital in 2013.<ref>{{cite news|url=https://www.moneycontrol.com/news/business/an-entrepreneur-by-heart-fortis-manipal-deal-makes-ranjan-pai-the-new-king-of-indias-healthcare-industry-2538335.html|title=An entrepreneur at heart, Ranjan Pai is the new king of India's healthcare industry|author=Prince Mathews Thomas|date=29 March 2018|website=[[Moneycontrol.com]]|archive-url=https://web.archive.org/web/20180412084323/https://www.moneycontrol.com/news/business/an-entrepreneur-by-heart-fortis-manipal-deal-makes-ranjan-pai-the-new-king-of-indias-healthcare-industry-2538335.html|archive-date=12 April 2018|access-date=4 May 2019|url-status=dead}}</ref> As of 2019, Byju's had secured nearly $785 million in funding from investors, including [[Sequoia Capital|Sequoia Capital India]], [[Chan Zuckerberg Initiative]] (CZI), [[Tencent]], [[Sofina]], [[Lightspeed Venture Partners]], Qatar Investment Authority,<ref>{{Cite web |title=Forbes India - Byju's Raises $150 Million From Qatar Investment Authority, Owl Ventures |url=https://www.forbesindia.com/article/special/byjus-raises-$150-million-from-qatar-investment-authority-owl-ventures/54289/1 |access-date=2022-04-30 |website=Forbes India |language=en}}</ref> Verlinvest, [[International Finance Corporation|IFC]], [[Naspers|Napsters Ventures]], [[CPP Investment Board|CPPIB]] and [[General Atlantic]].<ref name="economist" /><ref name="et2018b">{{cite news|url=https://economictimes.indiatimes.com/small-biz/startups/newsbuzz/edutech-startup-byjus-quietly-turns-a-unicorn-company/articleshow/63293773.cms|title=Here's how edutech startup Byju's quietly turned into a unicorn company|first1=J|last1=Vignesh|first2=Madhav|last2=Chanchani|date=14 March 2018|newspaper=[[The Economic Times]]|archive-url=https://archive.today/20180324081409/https://economictimes.indiatimes.com/small-biz/startups/newsbuzz/edutech-startup-byjus-quietly-turns-a-unicorn-company/articleshow/63293773.cms|archive-date=24 March 2018|access-date=24 March 2018|url-status=live}}</ref><ref>{{cite web|url=https://www.vccircle.com/cppib-general-atlantic-others-back-byju-s-in-mega-funding-round/|title=CPPIB, General Atlantic & others back Byju's in Naspers-led mega funding round|first=Vijayakumar|last=Pitchiah|website=[[VCCircle]]|date=11 December 2018|archive-url=https://web.archive.org/web/20190411014655/https://www.vccircle.com/cppib-general-atlantic-others-back-byju-s-in-mega-funding-round/|archive-date=11 April 2019|access-date=4 May 2019}}</ref> Byju's was the first company in [[Asia]] to receive an investment from Chan-Zuckerberg Initiative (co-funded by [[Facebook]] founder [[Mark Zuckerberg]] and [[Priscilla Chan (philanthropist)|Priscilla Chan]]).<ref>{{cite news|url=https://www.theguardian.com/technology/2016/sep/21/mark-zuckerberg-priscilla-chan-end-disease|title=Priscilla Chan and Mark Zuckerberg aim to 'cure, prevent and manage' all disease|author=Olivia Solon|date=22 September 2016|newspaper=[[The Guardian]]|archive-url=https://web.archive.org/web/20180412091640/https://www.theguardian.com/technology/2016/sep/21/mark-zuckerberg-priscilla-chan-end-disease|archive-date=12 April 2018|access-date=4 May 2019}}</ref><ref>{{cite news|url=https://www.wsj.com/articles/byjus-raises-50m-co-led-by-chan-zuckerberg-initiative-1473357848|title=Byju's Raises $50M Co-led by Chan Zuckerberg Initiative|date=8 September 2016|newspaper=[[The Wall Street Journal]]|access-date=4 May 2019|archive-url=https://web.archive.org/web/20161021070131/http://www.wsj.com/articles/byjus-raises-50m-co-led-by-chan-zuckerberg-initiative-1473357848|archive-date=21 October 2016|url-status=live}}{{subscription}}</ref><ref>{{cite news|url= https://www.cnbc.com/2016/12/07/how-start-up-byjus-shrugged-off-a-slowdown-and-snagged-cash-from-mark-zuckerberg.html|title= How this start-up shrugged off a slowdown and snagged cash from Mark Zuckerberg|author=Gauri Bhatia|date=8 December 2016|publisher=[[CNBC]]|archive-url= https://web.archive.org/web/20180412092620/https://www.cnbc.com/2016/12/07/how-start-up-byjus-shrugged-off-a-slowdown-and-snagged-cash-from-mark-zuckerberg.html|archive-date=12 April 2018|access-date=4 May 2019}}</ref> As per the company filings with the [[Ministry of Corporate Affairs]], Byju's became a [[Unicorn (finance)|unicorn]] and was valued at ₹6,505 crore ($1 billion) as of March 2018.<ref>{{Cite news|url=https://inc42.com/buzz/the-rise-of-indias-billion-dollar-club-edtech-startup-byjus-turns-unicorn/|title=The Rise Of India's Billion-Dollar Club: Edtech Startup Byju's Turns Unicorn|last=Anupam|first=Suprita|date=14 March 2018|website=inc42.com|access-date=4 May 2019}}</ref><ref name="et2018b" /> In June 2020, Byju's attained the ''decacorn'' status with an investment by [[Mary Meeker]]'s Bond Capital.<ref name="TechCrunch 2020">{{cite web | title=Mary Meeker's Bond backs Indian online learning startup Byju's – TechCrunch | website=TechCrunch | date=2020-06-25 | url=https://social.techcrunch.com/2020/06/25/mary-meekers-bond-invests-in-indian-online-learning-giant-byjus/ | access-date=2020-06-26}}</ref> In March 2022 Byju's raised $800 million, reaching a valuation of $22 billion.<ref>{{Cite news |title=Byju’s closes $800 million pre-IPO fundraise at a valuation of $22 billion |work=The Economic Times |url=https://economictimes.indiatimes.com/tech/startups/byjus-closes-800-million-pre-ipo-fundraise-at-22-billion-valuation/articleshow/90155310.cms |access-date=2022-06-12}}</ref>
+Byju's received [[Seed money|seed funding]] from Aarin Capital in 2013.<ref>{{cite news|url=https://www.moneycontrol.com/news/business/an-entrepreneur-by-heart-fortis-manipal-deal-makes-ranjan-pai-the-new-king-of-indias-healthcare-industry-2538335.html|title=An entrepreneur at heart, Ranjan Pai is the new king of India's healthcare industry|author=Prince Mathews Thomas|date=29 March 2018|website=[[Moneycontrol.com]]|archive-url=https://web.archive.org/web/20180412084323/https://www.moneycontrol.com/news/business/an-entrepreneur-by-heart-fortis-manipal-deal-makes-ranjan-pai-the-new-king-of-indias-healthcare-industry-2538335.html|archive-date=12 April 2018|access-date=4 May 2019|url-status=dead}}</ref> As of 2019, Byju's had secured nearly $785 million in funding from investors, including [[Sequoia Capital|Sequoia Capital India]], [[Chan Zuckerberg Initiative]] (CZI), [[Tencent]], [[Sofina]], [[Lightspeed Venture Partners]], Qatar Investment Authority,<ref>{{Cite web |title=Forbes India - Byju's Raises $150 Million From Qatar Investment Authority, Owl Ventures |url=https://www.forbesindia.com/article/special/byjus-raises-$150-million-from-qatar-investment-authority-owl-ventures/54289/1 |access-date=2022-04-30 |website=Forbes India |language=en}}</ref> Verlinvest, [[International Finance Corporation|IFC]], [[Naspers|Napsters Ventures]], [[CPP Investment Board|CPPIB]] and [[General Atlantic]].<ref name="economist" /><ref name="et2018b">{{cite news|url=https://economictimes.indiatimes.com/small-biz/startups/newsbuzz/edutech-startup-byjus-quietly-turns-a-unicorn-company/articleshow/63293773.cms|title=Here's how edutech startup Byju's quietly turned into a unicorn company|first1=J|last1=Vignesh|first2=Madhav|last2=Chanchani|date=14 March 2018|newspaper=[[The Economic Times]]|archive-url=https://archive.today/20180324081409/https://economictimes.indiatimes.com/small-biz/startups/newsbuzz/edutech-startup-byjus-quietly-turns-a-unicorn-company/articleshow/63293773.cms|archive-date=24 March 2018|access-date=24 March 2018|url-status=live}}</ref><ref>{{cite web|url=https://www.vccircle.com/cppib-general-atlantic-others-back-byju-s-in-mega-funding-round/|title=CPPIB, General Atlantic & others back Byju's in Naspers-led mega funding round|first=Vijayakumar|last=Pitchiah|website=[[VCCircle]]|date=11 December 2018|archive-url=https://web.archive.org/web/20190411014655/https://www.vccircle.com/cppib-general-atlantic-others-back-byju-s-in-mega-funding-round/|archive-date=11 April 2019|access-date=4 May 2019}}</ref> Byju's was the first company in [[Asia]] to receive an investment from Chan-Zuckerberg Initiative (co-funded by [[Meta Platforms]] co founder, [[chairman]] and [[CEO]] [[Mark Zuckerberg]] and [[Priscilla Chan (philanthropist)|Priscilla Chan]]).<ref>{{cite news|url=https://www.theguardian.com/technology/2016/sep/21/mark-zuckerberg-priscilla-chan-end-disease|title=Priscilla Chan and Mark Zuckerberg aim to 'cure, prevent and manage' all disease|author=Olivia Solon|date=22 September 2016|newspaper=[[The Guardian]]|archive-url=https://web.archive.org/web/20180412091640/https://www.theguardian.com/technology/2016/sep/21/mark-zuckerberg-priscilla-chan-end-disease|archive-date=12 April 2018|access-date=4 May 2019}}</ref><ref>{{cite news|url=https://www.wsj.com/articles/byjus-raises-50m-co-led-by-chan-zuckerberg-initiative-1473357848|title=Byju's Raises $50M Co-led by Chan Zuckerberg Initiative|date=8 September 2016|newspaper=[[The Wall Street Journal]]|access-date=4 May 2019|archive-url=https://web.archive.org/web/20161021070131/http://www.wsj.com/articles/byjus-raises-50m-co-led-by-chan-zuckerberg-initiative-1473357848|archive-date=21 October 2016|url-status=live}}{{subscription}}</ref><ref>{{cite news|url= https://www.cnbc.com/2016/12/07/how-start-up-byjus-shrugged-off-a-slowdown-and-snagged-cash-from-mark-zuckerberg.html|title= How this start-up shrugged off a slowdown and snagged cash from Mark Zuckerberg|author=Gauri Bhatia|date=8 December 2016|publisher=[[CNBC]]|archive-url= https://web.archive.org/web/20180412092620/https://www.cnbc.com/2016/12/07/how-start-up-byjus-shrugged-off-a-slowdown-and-snagged-cash-from-mark-zuckerberg.html|archive-date=12 April 2018|access-date=4 May 2019}}</ref> As per the company filings with the [[Ministry of Corporate Affairs]], Byju's became a [[Unicorn (finance)|unicorn]] and was valued at ₹6,505 crore ($1 billion) as of March 2018.<ref>{{Cite news|url=https://inc42.com/buzz/the-rise-of-indias-billion-dollar-club-edtech-startup-byjus-turns-unicorn/|title=The Rise Of India's Billion-Dollar Club: Edtech Startup Byju's Turns Unicorn|last=Anupam|first=Suprita|date=14 March 2018|website=inc42.com|access-date=4 May 2019}}</ref><ref name="et2018b" /> In June 2020, Byju's attained the ''decacorn'' status with an investment by [[Mary Meeker]]'s Bond Capital.<ref name="TechCrunch 2020">{{cite web | title=Mary Meeker's Bond backs Indian online learning startup Byju's – TechCrunch | website=TechCrunch | date=2020-06-25 | url=https://social.techcrunch.com/2020/06/25/mary-meekers-bond-invests-in-indian-online-learning-giant-byjus/ | access-date=2020-06-26}}</ref> In March 2022 Byju's raised $800 million, reaching a valuation of $22 billion.<ref>{{Cite news |title=Byju's closes $800 million pre-IPO fundraise at a valuation of $22 billion |work=The Economic Times |url=https://economictimes.indiatimes.com/tech/startups/byjus-closes-800-million-pre-ipo-fundraise-at-22-billion-valuation/articleshow/90155310.cms |access-date=2022-06-12}}</ref>
-In September 2020, Byju's replaced [[Oppo phones|Oppo]] as the title sponsor of the [[India national cricket team]].<ref>{{Cite web|title=BCCI announces Byju's as Indian cricket team's new sponsor for three-year period - Firstcricket News, Firstpost|url=https://www.firstpost.com/firstcricket/sports-news/bcci-announces-byjus-as-indian-cricket-teams-new-sponsor-for-three-year-period-7057621.html|access-date=2020-11-07|website=Firstpost}}</ref> Byju's operates roughly on a premium business model where a paid subscription is required for most of the content.<ref name="ecotimes_201606" /> In 2017, Byju's generated revenues of about ₹260 crore (US$40 million or €33 million) and doubled it in 2018 financial year, earning ₹520 crore.<ref name="fexpress">{{cite web|last=Jose Hector|first=Darlington|date=9 June 2017|title=Byju's on way to turn India's first education based unicorn, CEO [Byju Raveendran] on how he turned it into mammoth online venture|url=http://www.financialexpress.com/opinion/byjus-on-way-to-turn-indias-first-education-based-unicorn-ceo-byju-raveendran-on-how-he-turned-it-into-mammoth-online-venture/708927/|archive-url=https://web.archive.org/web/20180324073529/http://www.financialexpress.com/opinion/byjus-on-way-to-turn-indias-first-education-based-unicorn-ceo-byju-raveendran-on-how-he-turned-it-into-mammoth-online-venture/708927/|archive-date=24 March 2018|access-date=4 May 2019|newspaper=[[The Financial Express (India)|The Financial Express]]}}</ref><ref name="qz2018">{{cite web|url=https://qz.com/1248788/byjus-indias-newest-unicorn-is-going-global-with-its-exam-prep-business/|title=After turning exam prep into a booming business, India's newest unicorn is going global|last=U N|first=Sushma|date=16 April 2018|website=[[Quartz (publication)|Quartz India]]|archive-url=https://web.archive.org/web/20180416082817/https://qz.com/1248788/byjus-indias-newest-unicorn-is-going-global-with-its-exam-prep-business/|archive-date=16 April 2018|access-date=4 May 2019}}</ref><ref>{{cite news|url=https://economictimes.indiatimes.com/small-biz/startups/newsbuzz/byjus-ups-revenue-to-rs-490-cr-in-fy-18-drops-losses-by-half/articleshow/67474606.cms|title=Byju's ups revenue to Rs 490 cr in FY 18, drops losses by half|newspaper=[[The Economic Times]]|date=10 January 2019|access-date=4 May 2019|archive-url=https://web.archive.org/web/20190502100745/https://economictimes.indiatimes.com/small-biz/startups/newsbuzz/byjus-ups-revenue-to-rs-490-cr-in-fy-18-drops-losses-by-half/articleshow/67474606.cms|archive-date=2 May 2019|url-status=live}}</ref> In June 2020, with the investment of Bond, a global technology investment firm, Byju's became decacorn at US$10.5 billion valuations.<ref>{{cite news |title=Byju's is now a decacorn with the latest investment from Mary Meeker's BOND |url=https://www.businessinsider.in/business/startups/news/byjus-is-now-a-decacorn-with-the-latest-investment-from-mary-meekers-bond/amp_articleshow/76639112.cms |access-date=28 June 2020 |publisher=Business Insider |date=26 June 2020}}</ref>
+In September 2020, Byju's replaced [[Oppo phones|Oppo]] as the title sponsor of the [[India national cricket team]].<ref>{{Cite web|title=BCCI announces Byju's as Indian cricket team's new sponsor for three-year period - Firstcricket News, Firstpost|url=https://www.firstpost.com/firstcricket/sports-news/bcci-announces-byjus-as-indian-cricket-teams-new-sponsor-for-three-year-period-7057621.html|access-date=2020-11-07|website=Firstpost|date=25 July 2019 }}</ref> Byju's operates roughly on a premium business model where a paid subscription is required for most of the content.<ref name="ecotimes_201606" /> In 2017, Byju's generated revenues of about ₹260 crore (US$40 million or €33 million) and doubled it in 2018 financial year, earning ₹520 crore.<ref name="fexpress">{{cite web|last=Jose Hector|first=Darlington|date=9 June 2017|title=Byju's on way to turn India's first education based unicorn, CEO [Byju Raveendran] on how he turned it into mammoth online venture|url=http://www.financialexpress.com/opinion/byjus-on-way-to-turn-indias-first-education-based-unicorn-ceo-byju-raveendran-on-how-he-turned-it-into-mammoth-online-venture/708927/|archive-url=https://web.archive.org/web/20180324073529/http://www.financialexpress.com/opinion/byjus-on-way-to-turn-indias-first-education-based-unicorn-ceo-byju-raveendran-on-how-he-turned-it-into-mammoth-online-venture/708927/|archive-date=24 March 2018|access-date=4 May 2019|newspaper=[[The Financial Express (India)|The Financial Express]]}}</ref><ref name="qz2018">{{cite web|url=https://qz.com/1248788/byjus-indias-newest-unicorn-is-going-global-with-its-exam-prep-business/|title=After turning exam prep into a booming business, India's newest unicorn is going global|last=U N|first=Sushma|date=16 April 2018|website=[[Quartz (publication)|Quartz India]]|archive-url=https://web.archive.org/web/20180416082817/https://qz.com/1248788/byjus-indias-newest-unicorn-is-going-global-with-its-exam-prep-business/|archive-date=16 April 2018|access-date=4 May 2019}}</ref><ref>{{cite news|url=https://economictimes.indiatimes.com/small-biz/startups/newsbuzz/byjus-ups-revenue-to-rs-490-cr-in-fy-18-drops-losses-by-half/articleshow/67474606.cms|title=Byju's ups revenue to Rs 490 cr in FY 18, drops losses by half|newspaper=[[The Economic Times]]|date=10 January 2019|access-date=4 May 2019|archive-url=https://web.archive.org/web/20190502100745/https://economictimes.indiatimes.com/small-biz/startups/newsbuzz/byjus-ups-revenue-to-rs-490-cr-in-fy-18-drops-losses-by-half/articleshow/67474606.cms|archive-date=2 May 2019|url-status=live}}</ref> In June 2020, with the investment of Bond, a global technology investment firm, Byju's became decacorn at US$10.5 billion valuations.<ref>{{cite news |title=Byju's is now a decacorn with the latest investment from Mary Meeker's BOND |url=https://www.businessinsider.in/business/startups/news/byjus-is-now-a-decacorn-with-the-latest-investment-from-mary-meekers-bond/amp_articleshow/76639112.cms |access-date=28 June 2020 |publisher=Business Insider |date=26 June 2020}}</ref>
 In November 2020, Byju's became the title sponsor of the [[Indian Super League]] club [[Kerala Blasters FC]] replacing [[Muthoot Pappachan Group|Muthoot Group]].<ref>{{Cite web|title=കേരള ബ്ലാസ്റ്റേഴ്സിൻെറ ടൈറ്റിൽ സ്പോൺസറായി ബൈജൂസിനെ പ്രഖ്യാപിച്ചു|url=https://malayalam.samayam.com/sports/football/indian-super-league/byjus-named-as-kerala-blasters-fcs-new-title-sponsor/articleshow/79099984.cms|access-date=2020-11-07|website=malayalam.samayam.com|language=ml}}</ref> In November 2020, Byju's raised US$200 million in a fresh funding round led by [[BlackRock]] and [[T. Rowe Price]] at a valuation of $12 billion.<ref>{{cite news |title=Byju's raises $200 mn in fresh funding; valuation surges to $12 bn |url=https://www.business-standard.com/article/companies/byju-s-raises-200-mn-in-fresh-funding-valuation-surges-to-12-bn-120112100876_1.html |access-date=27 March 2021 |work=Business Standard India |date=21 November 2020}}</ref> In March 2021, Byju's secured $460m in a series F funding round.<ref>{{cite news |title=Byju's secured $460M in Series F Funding round|url=https://onlinechurn.com/byjus-secured-460m-in-series-f-funding-round/ |access-date=30 March 2021 |work=Online Churn}}</ref> In April 2021, B Capital, Baron Funds, and XN invested $1 billion in Byju's.<ref>{{Cite news|url=https://www.bloomberg.com/news/articles/2021-04-10/saverin-s-b-capital-others-invest-1-billion-in-india-s-byju-s|title = Saverin's B Capital, Others Invest $1 Billion in India's Byju's|newspaper = Bloomberg.com|date = 10 April 2021}}</ref> In June 2021, Byju's raised $50 million in a Series F round from IIFL's private equity fund and Maitri Edtech.<ref>{{cite news|title=Byju's raises another $50 million led by IIFL|website=the economic times|publisher=etech|url=https://economictimes.indiatimes.com/tech/funding/byjus-raises-50-million-in-series-f-round-led-by-iifl/articleshow/83715676.cms}}</ref> In October 2021, Byju's raised $296 million as a part of its Series F round from Oxshott Venture Fund, [[Edelweiss Group]], Verition Fund, XN Exponent Holdings, and MarketX Ventures.<ref>{{Cite web|date=2021-11-15|title=Exclusive: Byju's Valuation Touches $21 Bn Post Chan Zuckerberg & Google Founder's Office Investment|url=https://inc42.com/buzz/exclusive-byjus-takes-series-f-round-size-to-363-mn-adds-chan-zuckerberg-as-investor/|access-date=2022-01-13|website=Inc42 Media|language=en-US}}</ref> In March 2022, the company raised $800 million from Byju Raveendran, Sumeru Ventures, Vitruvian Partners, and BlackRock.<ref>{{Cite news |last=Abrar |first=Peerzada |date=2022-03-11 |title=Byju's CEO pumps 50% of $800 mn in latest fundraise; valuation tops $22 bn |work=Business Standard India |url=https://www.business-standard.com/article/companies/byju-s-valuation-tops-22-bn-after-800-mn-funding-led-by-founder-122031101188_1.html |access-date=2022-03-24}}</ref>
@@ Line 92: / Line 99: @@
 |{{Increase}} 2,381
 |{{Decrease}}{{color|red|-262.1}}
+|-
+|FY 2021<ref name=FR2021>{{Cite news |last1=Sharma |first1=Samidha |last2=Mishra |first2=Digbijay |title=Byju's losses swell to Rs 4,588 crore in delayed FY21 results |work=The Economic Times |url=https://economictimes.indiatimes.com/tech/startups/byjus-readjusts-revenue-for-fy21-to-rs-2280-crore-losses-swell-to-rs-4588-crore/articleshow/94198872.cms?from=mdr |access-date=2022-09-16}}</ref>
+|{{Decrease}} 2,280
+|{{Decrease}}{{color|red|-4,558}}
 |}
@@ Line 99: / Line 110: @@
 Among the several initiatives launched under Education for All, Byju's Give was launched in November 2020, under which the company collects old or unused smart devices for refurbishing purposes and then loads them up with Byju's content for free and distribute to those children who have no access to the internet.<ref>{{Cite web|date=November 20, 2020|title=Byju's launches new initiative to encourage digital learning|url=https://timesofindia.indiatimes.com/home/education/news/byjus-launches-new-initiative-to-encourage-digital-learning/articleshow/79323225.cms|access-date=2022-02-14|website=[[The Times of India]]|language=en}}</ref>
-== Sports ==
+== Sports sponsorships ==
 In July 2019, Byju's won the sponsorship rights for the [[India national cricket team|Indian cricket team]] jersey.<ref>{{Cite news |title=Byju's to replace Oppo on Team India jersey |work=Business Today |url=https://sportstar.thehindu.com/cricket/oppo-to-be-replaced-by-byjus-on-indian-cricket-team-jersey/article28706334.ece |url-status=live |archive-url=https://web.archive.org/web/20190725075909/https://sportstar.thehindu.com/cricket/oppo-to-be-replaced-by-byjus-on-indian-cricket-team-jersey/article28706334.ece |archive-date=25 July 2019}}</ref>
 In November 2020, Byju's replaced the [[Muthoot Pappachan Group|Muthoot Group]] to become the title sponsor of the [[Indian Super League]] club [[Kerala Blasters FC]].<ref>{{Cite web |title=കേരള ബ്ലാസ്റ്റേഴ്സിൻെറ ടൈറ്റിൽ സ്പോൺസറായി ബൈജൂസിനെ പ്രഖ്യാപിച്ചു |url=https://malayalam.samayam.com/sports/football/indian-super-league/byjus-named-as-kerala-blasters-fcs-new-title-sponsor/articleshow/79099984.cms |access-date=2020-11-07 |website=malayalam.samayam.com |language=ml}}</ref>
-In March 2022, Byju's was announced as an official Sponsor of the [[2022 FIFA World Cup|FIFA  World Cup Qatar 2022]].<ref>{{Cite web |date=2022-03-24 |title=Byju's named as official sponsor of FIFA World Cup Qatar 2022 |url=https://indianexpress.com/article/business/byjus-named-as-official-sponsor-of-fifa-world-cup-qatar-2022-7835066/ |access-date=2022-04-04 |website=The Indian Express |language=en}}</ref>
+In March 2022, Byju's was announced as an official sponsor of the [[2022 FIFA World Cup|FIFA  World Cup Qatar 2022]].<ref>{{Cite web |date=2022-03-24 |title=Byju's named as official sponsor of FIFA World Cup Qatar 2022 |url=https://indianexpress.com/article/business/byjus-named-as-official-sponsor-of-fifa-world-cup-qatar-2022-7835066/ |access-date=2022-04-04 |website=The Indian Express |language=en}}</ref>
 == Criticism ==
-Byju's was criticized for charging fees that only the rich can afford.<ref>{{Cite web|title=Digitally deprived & divided|url=https://www.tribuneindia.com/news/comment/digitally-deprived-divided-289680|access-date=2021-10-12|website=Tribuneindia News Service|language=en}}</ref> Former salespeople say the company pushes its products on parents who can’t afford them.<ref>{{Cite web|date=2021-08-30|title=Hard sells and 'toxic' targets: How Indian edtech giant Byju's fuels its meteoric rise|url=https://restofworld.org/2021/inside-india-edtech-byjus/|access-date=2021-10-12|website=Rest of World|language=en-US}}</ref><ref>{{Cite web|last=Chengappa|first=Sangeetha|title=Why Byju's did not meet $150-million net profit target in FY21|url=https://www.thehindubusinessline.com/companies/why-byjus-did-not-meet-150-million-net-profit-target-in-fy21/article34323074.ece|access-date=2021-10-12|website=@businessline|language=en}}</ref> Byju's filed a {{currency|20|INR}} crore defamation suit against critic Pradeep Poonia. They later withdrew the lawsuit.<ref>{{Cite web|title=WhiteHat Jr drops Rs 20 cr defamation suit against critic Pradeep Poonia|url=https://www.businesstoday.in/latest/corporate/story/whitehat-jr-drops-rs-20-cr-defamation-suit-against-critic-pradeep-poonia-294974-2021-05-04|access-date=2021-10-12|website=Business Today|language=en}}</ref><ref>{{Cite web|title=IIT engineer says corporates not above freedom of speech after WhiteHat Jr withdraws defamation case against him|url=https://www.freepressjournal.in/business/iit-engineer-says-corporates-not-above-freedom-of-speech-after-whitehat-jr-withdraws-defamation-case-against-him|access-date=2021-10-12|website=Free Press Journal|language=en}}</ref>
+=== Libel suits ===
+Byju's was criticized for charging fees that only the rich can afford.<ref>{{Cite web|title=Digitally deprived & divided|url=https://www.tribuneindia.com/news/comment/digitally-deprived-divided-289680|access-date=2021-10-12|website=Tribuneindia News Service|language=en}}</ref> Former salespeople say the company pushes its products on parents who cannot afford them.<ref>{{Cite web|date=2021-08-30|title=Hard sells and 'toxic' targets: How Indian edtech giant Byju's fuels its meteoric rise|url=https://restofworld.org/2021/inside-india-edtech-byjus/|access-date=2021-10-12|website=Rest of World|language=en-US}}</ref><ref>{{Cite web|last=Chengappa|first=Sangeetha|title=Why Byju's did not meet $150-million net profit target in FY21|url=https://www.thehindubusinessline.com/companies/why-byjus-did-not-meet-150-million-net-profit-target-in-fy21/article34323074.ece|access-date=2021-10-12|website=@businessline|date=15 April 2021 |language=en}}</ref> Byju's filed a {{currency|20|INR}} crore defamation suit against critic Pradeep Poonia. They later withdrew the lawsuit.<ref>{{Cite web|title=WhiteHat Jr drops Rs 20 cr defamation suit against critic Pradeep Poonia|url=https://www.businesstoday.in/latest/corporate/story/whitehat-jr-drops-rs-20-cr-defamation-suit-against-critic-pradeep-poonia-294974-2021-05-04|access-date=2021-10-12|website=Business Today|date=4 May 2021 |language=en}}</ref><ref>{{Cite web|title=IIT engineer says corporates not above freedom of speech after WhiteHat Jr withdraws defamation case against him|url=https://www.freepressjournal.in/business/iit-engineer-says-corporates-not-above-freedom-of-speech-after-whitehat-jr-withdraws-defamation-case-against-him|access-date=2021-10-12|website=Free Press Journal|language=en}}</ref>
+=== Advertising and sales practices ===
 Byju's subsidiary WhiteHat Jr. was asked to remove their five TV advertisements by the [[Advertising Standards Council of India]] (ASCI) due to misleading advertisements<ref>{{Cite news|date=28 October 2020|title=Byju's WhiteHat Jr. agrees to withdraw ads after ASCI flags code violation|url=https://economictimes.indiatimes.com/industry/services/advertising/whitehat-jr-to-withdraw-ads-after-asci-flags-code-violation/articleshow/78899934.cms?from=mdr|access-date=2 November 2020|website=Economic Times|last1=Bhushan|first1=Ratna}}</ref> and hard sales tactics.<ref>{{Cite book |last1=Chen |first1=Benjamin |url=https://books.google.com/books?id=wagvEAAAQBAJ&dq=%22Byju%27s%22&pg=PT173 |title=Youth Economist Compilation: For the youth by the youths |last2=Garcia |first2=David Cendon |last3=Caldas |first3=Amy Espinoza |last4=Andrade |first4=Beatriz |last5=Nicholas |first5=Kayla |last6=Dhesi |first6=Kiman |last7=Costa |first7=Luciana |last8=Huemer |first8=Sarah |last9=Shekhawat |first9=Vaidaansh |date=2021-05-23 |publisher=Benjamin Chen |isbn=979-8-5056-5091-2 |language=en}}</ref> WhiteHat Jr. claimed that a child named "Wolf Gupta" bagged job offers worth crores in multiple social media advertisements. This child was often described to be between the ages of 6 to 14 years. Investigations later revealed that this was all fabricated and Mr."Gupta" is a work of fiction.<ref>{{Cite web|date=12 October 2020|title=Who Is Wolf Gupta? Byju's WhiteHat Jr Latest Marketing Gimmick Is Making Netizens Furious, Here's What We Know So Far About the 'Fictitious' Kid Apparently Working As AI Researcher at Google|url=https://in.news.yahoo.com/wolf-gupta-byju-whitehat-jr-090945630.html|access-date=2 November 2020|website=Yahoo News}}</ref>
-The [[Ministry of Consumer Affairs, Food and Public Distribution|Department of Consumer Affairs]] voiced concerns on June 24, 2022, at India Edtech Consortium (IEC) meeting regarding aggressive sales practices and deceptive marketing strategies utilized by EdTech companies, particularly Byju's and the entities that make up its group. DCA advised Byju's to work closely with the ASCI based on the complaints against it.<ref>{{Cite news |last=Mishra |first=Digbijay |title=Government airs concerns over complaints against edtech companies |work=The Economic Times |url=https://economictimes.indiatimes.com/tech/startups/government-airs-concerns-over-complaints-against-edtech-companies/articleshow/92883976.cms |access-date=2022-07-19}}</ref> According to the reports, Byju's team has pledged to resolve these grievances with a detailed action plan.<ref>{{Cite web |date=2022-07-15 |title=Govt Expresses Concern Over Alleged Malpractices By BYJU’s, Other Edtech Companies |url=https://www.outlookindia.com/business/edtech-startups-in-india-govt-expresses-concern-over-alleged-malpractices-by-byju-s-other-edtech-companies-edtech-startup-funding-news-209376 |access-date=2022-07-19 |website=[[Outlook (Indian magazine)|Outlook India]] |language=en}}</ref>
+The company had filed a {{INRConvert|20000000|year=2020}} defamation suit against Pradeep Punia in November 2020, a software engineer, who alleged that the company made false claims and hired incompetent teachers.<ref>{{Cite web |date=2021-05-06 |title=WhiteHat Jr withdraws defamation case against software engineer |url=https://indianexpress.com/article/business/companies/whitehat-jr-withdraws-defamation-case-against-software-engineer-7303550/ |access-date=2022-05-18 |website=The Indian Express |language=en}}</ref> It was later withdrawn.<ref>{{Cite web |title=WhiteHat Jr drops Rs 20 cr defamation suit against critic Pradeep Poonia |url=https://www.businesstoday.in/latest/corporate/story/whitehat-jr-drops-rs-20-cr-defamation-suit-against-critic-pradeep-poonia-294974-2021-05-04 |access-date=2022-05-18 |website=Business Today |date=4 May 2021 |language=en}}</ref> It has also been the subject of a data leak, where the personal information of over 200,000 users was exposed.<ref>{{Cite web |title=WhiteHat Jr Data Exposed Data Due to Multiple Vulnerabilities: Report |url=https://gadgets360.com/apps/news/whitehat-jr-vulnerabilities-security-issues-exposing-2-8-lakh-student-teacher-data-2329924 |access-date=2022-05-18 |website=NDTV Gadgets 360 |language=en}}</ref>
+The [[Ministry of Consumer Affairs, Food and Public Distribution|Department of Consumer Affairs]] voiced concerns on June 24, 2022, at India Edtech Consortium (IEC) meeting regarding aggressive sales practices and deceptive marketing strategies utilized by EdTech companies, particularly Byju's and the entities that make up its group. DCA advised Byju's to work closely with the ASCI based on the complaints against it.<ref>{{Cite news |last=Mishra |first=Digbijay |title=Government airs concerns over complaints against edtech companies |work=The Economic Times |url=https://economictimes.indiatimes.com/tech/startups/government-airs-concerns-over-complaints-against-edtech-companies/articleshow/92883976.cms |access-date=2022-07-19}}</ref> According to the reports, Byju's team has pledged to resolve these grievances with a detailed action plan.<ref>{{Cite web |date=2022-07-15 |title=Govt Expresses Concern Over Alleged Malpractices By BYJU's, Other Edtech Companies |url=https://www.outlookindia.com/business/edtech-startups-in-india-govt-expresses-concern-over-alleged-malpractices-by-byju-s-other-edtech-companies-edtech-startup-funding-news-209376 |access-date=2022-07-19 |website=[[Outlook (Indian magazine)|Outlook India]] |language=en}}</ref>
+=== Accounting practices ===
+Previously, BYJU's used a different revenue recognition practice, which they had to change and obtain approval in accordance with [[Indian Accounting Standards]] (Ind-AS) 115 guidelines. For example, revenue expected in one fiscal year for a multi-year charge cannot be considered as revenue in that year alone. This discrepancy was eventually flagged by the auditor and a change was sought by the latter.<ref>{{Cite news |last1=Mishra |first1=Digbijay |last2=Sharma |first2=Samidha |title=Byju's audited revenue may be lower than projected by edtech unicorn |work=The Economic Times |url=https://economictimes.indiatimes.com/tech/startups/byjus-final-audited-accounts-may-lower-revenue-numbers/articleshow/94159952.cms |access-date=2022-10-09}}</ref> As of September 2022, BYJU's began recognising streaming revenue across the term of usage, which was previously recognised fully upon the start of the contract. These new accounting standards have resulted in a reduction in the amount of income that Byju's is able to book in advance.<ref name=":1">{{Cite news |last1=Cornish |first1=Chloe |last2=Singh |first2=Jyotsna |last3=Ruehl |first3=Mercedes |date=2022-10-03 |title=How a teaching app feted by Silicon Valley was left chasing the Indian dream |work=[[Financial Times]] |url=https://www.ft.com/content/8d998d44-3937-4931-8ee1-f963f6a8b253 |access-date=2022-10-08}}</ref>
+Also, in the past, BYJU's used its funding capital to acquire both domestic and overseas businesses and group them under its brand. And, lately investors voiced scepticism regarding this very plan to rapidly deploy capital in order to grow internationally.<ref name=":1" />
 ==Awards and nominations ==
 {| class="sortable wikitable"
 |-
-! Year
+!style="background:#813588; color:#eeeeef;"| Year
-! Award or recognition
+!style="background:#813588; color:#eeeeef;"| Award or recognition
-! Type of award
+!style="background:#813588; color:#eeeeef;"| Type of award
-! Result/ranking
+!style="background:#813588; color:#eeeeef;"| Result/ranking
-! {{Tooltip|Ref.|Reference(s)}}
+!style="background:#813588; color:#eeeeef;"| {{Tooltip|Ref.|Reference(s)}}
 |-
 | 2010