Byju’s-owned Great Learning narrows losses in FY23, logs 25% revenue growth ...Middle East

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Byju’s-owned Great Learning narrows losses in FY23, logs 25% revenue growth
New Delhi: Byju’s-owned professional learning platform Great Learning cut its losses by nearly 28 per cent to Rs 222 crore in FY23 from Rs 307 crore in FY22. Great Learning, acquired by edtech major Byju’s for $600 million in July 2021, registered about 25 per cent growth, as its revenue reached Rs 391 crore in FY23 from Rs 313 crore in FY22, according to its financial statements filed with the Registrar of Companies (RoC). Income from digital content formed 48 per cent of the total revenue which increased 6.3 per cent to Rs 187 crore in FY23, reports Entrackr. On a unit level, it spent Rs 1.57 to earn a rupee of operating revenue, the report mentioned. Byju’s is reportedly mulling to sell

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