Byju's crosses Rs1 bn monthly revenue, expects Rs 14 bn in FY19

Byju’s, India’s largest education technology startup, has crossed the Rs 1 billion monthly revenue mark and is looking to close the fiscal year with a revenue target of Rs14 billion. The three-year old company, backed by the Chan-Zuckerberg Initiative, Tencent, and Sequoia Capital among others, said it has seen a consistent growth rate of around 100 per cent for the last three years, and has become profitable in a very short period of time. “Last month (May), we crossed Rs 1 billion in revenue. With a consistent 20 per cent month-on-month growth, we expect to finish this year with Rs 14 billion in revenue,” said Byju Raveendran, Founder & CEO, Byju’s. “The launch of the personalized version of our app last year, further helped us boost engagement and enhanced the learning experience for our students.”