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Byju's financial year 2022 losses cross Rs 8,000 crore, up 80% in year
Credit: IndiaTimes- Published on January 23, 2024
Byju's losses surge to Rs 8,245 crore in FY22. Auditor cites "material uncertainty" over loan repayment. Byju's valuation drops to $1 billion. Byju's faces scrutiny, senior level exits, and negotiations over loan repayment. Byju's auditors express doubt over company's ability to continue.
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