In 2020, there was a great demand for online education. So, Byjus got over 90 million users on its platforms.
Byjus Losses
Moreacquisitions
Then, Byjus started acquiring its competitorsGreat Learning for $500 millionWhitehat Jr for $300millionEpic for $500 millionAkash Institution for $ 950 million
Byjus Losses
Cash drain
So, Byjus spend over $2.88 billion for acquiring over 20 companies.
Byjus Losses
Unwantedexpansions
Even it expanded in US, UK, Brazil, and Indonesia.
Byjus Losses
user base
But now in 2022, Byjus saw a significant drop in its user base. Noted a loss of 4,588 crores in 2021-2022.osses
Byjus Losses
Losses from thier acquired companies
It acquired companies are making huge losses. Whitehat Jr alone made the loss of 1,188 crores.