Byju’s-owned Great Learning saw its overall revenues jump 34% to Rs 801 crore in FY23. Overall losses during the fiscal narrowed to Rs 210 crore from Rs 266 crore in FY22.
The company’s Singapore business saw a rise of 45% in revenue to Rs 408 crore during the fiscal. However, the growth in revenue came on the back of the Singapore business turning loss-making. While the company earned a profit of Rs 42 crore in FY23 from the country, it incurred a loss of Rs 8 crore during the fiscal.
From India, Great Learning clocked a 24% rise in revenue to Rs 393 crore in FY23. It narrowed its losses from the country to Rs 202 crore from Rs 308 crore in FY22.
The company offers programmes in the fields of data science, analytics, AI, machine learning, cloud computing, cybersecurity, digital business, management, and digital marketing.
As earlier reported, Byju’s has put Great Learning for sale and is expecting to raise around $400 million from it. Byju’s had paid about $350 million to acquire Great Learning in 2021 in a cash and stock deal to strengthen its position in online higher education, and corporate learning space.
Byju’s Great Learning’s revenue rises 34% to Rs 801 crore, losses shrink
From India, Great Learning clocked a 24% rise in revenue to Rs 393 crore in FY23.
