HomeStartupByju’s parent Think and Learn presents Byju's 3.0 to investors

Byju’s parent Think and Learn presents Byju’s 3.0 to investors

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Byjus Latest News: Troubles mount for Byju's as auditor Deloitte and 3  board members quit firm
  1. All resolutions, including the approval of financial accounts for FY 2022, were successfully passed during the AGM.
  2. India CEO Arjun Mohan unveiled Byju’s 3.0 plan focused on a hybrid model combining online and offline education to boost productivity and expand product options.
  3. Founder Byju Raveendran addressed challenges related to litigation surrounding loans, TLB lenders’ demands, and plans to resolve the liquidity crisis through the sale of assets like Epic and Great Learning.
  4. Nitin Golani, CFO of Byju’s India, shared financial insights, revealing a consolidated revenue of Rs 5,015 crore for FY 2022, showcasing growth compared to previous years.
  5. Byju’s is aiming to reduce losses significantly to establish a sustainable business model. The delay in submitting FY 2022 results has raised concerns among investors and lenders, impacting the company’s valuation.

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