Byju's#Accounting practices

File:Byju Raveendran CEO Byju's.jpg

Byju's app was developed by Think and Learn Pvt. Ltd, a company which was established by Byju Raveendran, Divya Gokulnath and a group of students in 2011.{{cite news|last=Rai|first=Saritha|date=21 June 2017|title=Zuckerberg or Gates? Billionaires Try Opposite Paths for Online Education in India|newspaper=Bloomberg.com|url=https://www.bloomberg.com/news/articles/2017-06-20/zuckerberg-or-gates-billionaires-try-opposites-paths-for-online-education-in-india|url-status=live|archive-url=https://archive.today/20180324072640/https://www.bloomberg.com/news/articles/2017-06-20/zuckerberg-or-gates-billionaires-try-opposites-paths-for-online-education-in-india|archive-date=24 March 2018|access-date=4 May 2019|publisher=Bloomberg Technology}}{{cite web|url=https://www.entrepreneur.com/article/310403|title=Decoding Byju's Journey From Start-up to Unicorn|first=Sandeep|last=Soni|date=14 March 2018|work=Entrepreneur India|archive-url= https://web.archive.org/web/20180324083500/https://www.entrepreneur.com/article/310403|archive-date=24 March 2018|access-date=4 May 2019}}{{cite news |last1=Ghosh |first1=Debojyoti |title=Byju's better half |url=https://www.fortuneindia.com/people/byjus-better-half/104850 |access-date=26 March 2021 |work=Fortune India |date=November 21, 2020}} Byju, an engineer by profession, was coaching students in mathematics since 2006.{{Cite web |title=BYJU'S The Learning App |department=Faculty & Research |publisher=Harvard Business School |url=https://www.hbs.edu/faculty/Pages/item.aspx?num=52474&source=post_page--------------------------- |access-date=2022-07-18 |website=www.hbs.edu}} During the initial days, the company focused on offering online video-based learning programs for the K-12 segment and for competitive exams.{{cite news|url=https://economictimes.indiatimes.com/small-biz/startups/newsbuzz/how-8-students-helped-byju-raveendran-build-his-multi-crore-edtech-business/articleshow/59274288.cms|title=How 8 students helped Byju Raveendran build his multi-crore edtech business|author=J Vignesh|date=23 June 2017|newspaper=The Economic Times| archive-url= https://web.archive.org/web/20180412072941/https://economictimes.indiatimes.com/small-biz/startups/newsbuzz/how-8-students-helped-byju-raveendran-build-his-multi-crore-edtech-business/articleshow/59274288.cms|archive-date=12 April 2018|access-date=4 May 2019}}{{cite news|url= https://economictimes.indiatimes.com/small-biz/startups/overseas-expansion-acquisition-on-byju-raveendrans-mind/articleshow/53392426.cms|title=Overseas expansion, acquisition on Byju Raveendran's mind|author=Anu Thomas|date= 28 July 2016|newspaper=The Economic Times|archive-url=https://web.archive.org/web/20180413112147/https://economictimes.indiatimes.com/small-biz/startups/overseas-expansion-acquisition-on-byju-raveendrans-mind/articleshow/53392426.cms|archive-date=13 April 2018|access-date= 4 May 2019}} In 2012, the firm entered Deloitte Technology Fast 50 India and Deloitte Technology Fast 500 Asia Pacific ratings and has been present there ever since.{{cite web|url=https://www2.deloitte.com/content/dam/Deloitte/in/Documents/technology-media-telecommunications/in-tmt-tech-fast-50-winners-report-17-noexp.pdf|title=Deloitte Technology Fast50 India 2017 Ranking|year=2017|publisher=Deloitte|archive-url= https://web.archive.org/web/20180412073224/https://www2.deloitte.com/content/dam/Deloitte/in/Documents/technology-media-telecommunications/in-tmt-tech-fast-50-winners-report-17-noexp.pdf|archive-date=12 April 2018|access-date=4 May 2019}}

In August 2015, the firm launched Byju's: The Learning App.{{cite news|url=http://www.financialexpress.com/education-2/reinventing-the-classroom-says-byju-raveendran-of-byjus-the-learning-app/755401/|title=Reinventing the classroom, says Byju Raveendran of Byju's: The Learning App|author=Gaurab Dasgupta|date=25 August 2017|newspaper=Financial Express|archive-url= https://web.archive.org/web/20180412074915/http://www.financialexpress.com/education-2/reinventing-the-classroom-says-byju-raveendran-of-byjus-the-learning-app/755401/|archive-date=12 April 2018|access-date=4 May 2019}} In 2017, they launched Byju's Math App for kids and Byju's Parent Connect app.{{cite news|url=https://www.businessinsider.in/Byjus-new-gamified-app-wantsto-make-studying-Maths-real-fun-for-students/articleshow/57166026.cms|title=Byju's new gamified app wants to make studying Maths real fun for students|first=Tanya|last=Dubey|date=15 February 2017|work= Business Insider India|archive-url= https://web.archive.org/web/20180412075729/https://www.businessinsider.in/Byjus-new-gamified-app-wantsto-make-studying-Maths-real-fun-for-students/articleshow/57166026.cms|archive-date=12 April 2018|access-date=4 May 2019}}{{cite news|url=https://www.thehindubusinessline.com/news/education/parent-connect-app-will-track-the-childs-learning-journey-says-byjus-ceo/article9715336.ece|title= Parent connect app will track the child's learning journey, says Byju's CEO|author=Venkatesh Ganesh|publisher=Business Line|archive-url= https://web.archive.org/web/20180412075855/https://www.thehindubusinessline.com/news/education/parent-connect-app-will-track-the-childs-learning-journey-says-byjus-ceo/article9715336.ece|archive-date=12 April 2018|access-date=4 May 2019}} By 2018, it had 15 million users out of which 900,000 were paid users.{{cite news|url=https://economictimes.indiatimes.com/small-biz/startups/newsbuzz/byjus-targets-rs-1300-crore-revenue-next-year/articleshow/63397720.cms|title=Byju's targets Rs 1300 crore revenue next year|first=Krishna|last=Kumar|date=21 March 2018|newspaper=The Economic Times|archive-url=https://archive.today/20180324080218/https://economictimes.indiatimes.com/small-biz/startups/newsbuzz/byjus-targets-rs-1300-crore-revenue-next-year/articleshow/63397720.cms|archive-date=24 March 2018|access-date=4 May 2019|url-status=live}}{{cite news|url=https://www.economist.com/news/business/21737096-byjus-has-900000-paid-users-and-investment-sequoia-capital-and-chinas-tencent-indian|title=Indian teaching startups make work for idle thumbs|date=17 February 2018|newspaper=The Economist|archive-url=https://web.archive.org/web/20180217112341/https://www.economist.com/news/business/21737096-byjus-has-900000-paid-users-and-investment-sequoia-capital-and-chinas-tencent-indian|archive-date= 17 February 2018|access-date=4 May 2019}} In the same year, Byju's became India's first edtech unicorn.{{Cite web|title=Byju's Is India's First EdTech Unicorn|url=https://finance.yahoo.com/news/byju-india-first-edtech-unicorn-043520632.html|access-date=2022-01-13|website=finance.yahoo.com|date=20 September 2018 |language=en-US}} By 2019, 60% of Byju’s students were from non-metros and rural cities.{{Cite web|title=Byju's profit up due to non-metro users|url=https://www.newindianexpress.com/business/2019/dec/19/byjus-profit-up-due-to-non-metro-users-2078273.html|access-date=2022-01-13|website=The New Indian Express|date=19 December 2019 }}

In January 2022, the company joined Simplilearn, Unacademy, upGrad, PrepInsta Prime and Vedantu to become one of the founding members of IAMAI's India EdTech Consortium.{{Cite news|agency=PTI|date=2022-01-12|title=IAMAI sets up India EdTech Consortium to uphold code of conduct by edtech platforms|language=en-IN|work=The Hindu|url=https://www.thehindu.com/education/iamai-sets-up-india-edtech-consortium-to-uphold-code-of-conduct-by-edtech-platforms/article38248144.ece|access-date=2022-02-10|issn=0971-751X}}

In March 2022, it signed a contract with Qatar Investment Authority to establish a new edtech company and an R&D centre in Doha.{{Cite news |last=Abrar |first=Peerzada |date=2022-03-28 |title=Byju's and Qatar Investment Authority announce ed-tech subsidiary in Doha |work=Business Standard India |url=https://www.business-standard.com/article/companies/byju-s-and-qatar-investment-authority-announce-ed-tech-subsidiary-in-doha-122032800784_1.html |access-date=2022-04-30}}

In August 2022, Bloomberg News reported that India's Ministry of Corporate Affairs sent a letter to Byju's asking them to explain the non-filing of its audited financials for the year ending March 2021. Byju's reasoned that the 17-month delay was due to the challenge of consolidating the accounts of its acquisitions during that year.{{cite news |url=https://www.bloomberg.com/news/articles/2022-08-25/byju-s-said-to-be-asked-reasons-for-delayed-filing-of-accounts |title=India Seeks Byju's Reply on Delayed Filing of Audited Accounts |date=2022-08-25 |url-access=limited |first1=Shruti |last1=Srivastava |first2=Anto |last2=Antony |archive-url=https://archive.today/20220826020017/https://www.bloomberg.com/news/articles/2022-08-25/byju-s-said-to-be-asked-reasons-for-delayed-filing-of-accounts |archive-date=2022-08-26}} In spite of the delay, Deloitte gave the company a clean audit.{{Cite web |title=BYJU's receives a clean bill of health from Deloitte – e3d news |date=5 September 2022 |url=https://e3dnews.com/2022/09/05/byjus-unqualified-deloitte/ |access-date=2022-09-06 |language=en-US}} In November 2022, many employees of Byju's came out to speak against the company's unfair treatment. Reportedly, Byju's fired over five thousand employees.{{Cite web |title="Byju's Forced Us To Resign, Treated Us As Robots," Say Sacked Employees |url=https://www.ndtv.com/india-news/byjus-ex-employees-claim-company-forced-them-to-sign-resignation-letters-treated-them-as-robots-3487877 |access-date=2022-11-05 |website=NDTV.com}} In April 2023, the Enforcement Directorate announced that it had conducted searches at Byju's offices under the Foreign Exchange Management Act and seized "incriminating" documents.{{cite news |last1=Singh |first1=Manish |title=India's anti-money laundering agency searches edtech giant Byju's offices |url=https://techcrunch.com/2023/04/28/edtech-giant-byjus-founder-under-india-crime-fighting-agency-radar/ |access-date=1 May 2023 |work=TechCrunch |date=29 April 2023}}

In May 2025, the Byju's Android app was delisted from the Google Play Store due to unpaid AWS bills.{{Cite news |last=Fernandes |first=Jocelyn |date=27 May 2025 |title=Here's why Byju's learning app was delisted from Google's Playstore |url=https://www.livemint.com/companies/news/byjus-learning-app-delisted-from-google-playstore-why-non-payment-of-dues-amazon-web-services-business-insolvency-news-11748325269595.html |url-status=live |access-date=3 June 2025 |work=Mint}} The matter had been under mediation since April 2024.

Byju's is an education tutoring app that runs on a freemium model,{{cite web|url= http://techcircle.vccircle.com/2016/03/22/ed-tech-startup-byjus-raises-75m-from-sequoia-sofina/|title=Ed-tech startup Byju's raises $75M from Sequoia, Sofina|first=Priya|last=Prasad|date=22 March 2016|website=VCCircle|archive-url=https://web.archive.org/web/20180331161943/http://techcircle.vccircle.com/2016/03/22/ed-tech-startup-byjus-raises-75m-from-sequoia-sofina/|archive-date=31 March 2018|access-date=4 May 2019}} with free access to content limited for 15 days after the registration.{{cite web|url=https://english.manoramaonline.com/business/news/byju-raveendran-50-million-investments-facebook-zuckerberg.html|title=Byju Raveendran: From a Malayalam school to an app with Zuckerberg funding|first=Ajish|last=George|date=12 September 2016|newspaper=Malayala Manorama|archive-url=https://web.archive.org/web/20180331163007/https://english.manoramaonline.com/business/news/byju-raveendran-50-million-investments-facebook-zuckerberg.html|archive-date=31 March 2018|access-date=4 May 2019}} It was launched in August 2015,{{Cite news|url=http://www.rediff.com/business/interview/two-lakh-to-330-crore-the-byjus-classes-success-story/20161007.htm|title=2 lakh to 3300 crore: The Byju's Classes success story|last=Warrier|first=Shobha|website=Rediff.com|archive-url=https://web.archive.org/web/20180802204802/http://www.rediff.com/business/interview/two-lakh-to-330-crore-the-byjus-classes-success-story/20161007.htm|archive-date=2 August 2018|access-date=4 May 2019}} offering educational content for students from classes 4 to 12.{{Cite journal |last=Williamson |first=Ben |date=2022-04-03 |title=Big EdTech |journal=Learning, Media and Technology |volume=47 |issue=2 |pages=157–162 |doi=10.1080/17439884.2022.2063888 |s2cid=249100577 |issn=1743-9884|doi-access=free }} In 2019, an early learning program started for classes 1 to 3. It also trains students for examinations in India such as IIT-JEE, NEET, CAT, IAS, and international examinations such as GRE and GMAT.{{cite web|url=https://www.moneycontrol.com/news/business/companies/byjus-ceo-targets-entry-into-unicorn-club-aims-to-turn-profitable-in-fy18-2286985.html|title=Byjus' CEO targets entry into unicorn club; aims to turn profitable in FY18|first=Durba|last=Ghosh|date=24 May 2017|website=Moneycontrol.com|archive-url=https://web.archive.org/web/20180331144119/https://www.moneycontrol.com/news/business/companies/byjus-ceo-targets-entry-into-unicorn-club-aims-to-turn-profitable-in-fy18-2286985.html|archive-date=31 March 2018|access-date=4 May 2019|url-status=dead}}

Academic subjects and concepts are explained with 12–20 minute digital animation videos{{Cite news|url=https://economictimes.indiatimes.com/wealth/earn/why-byju-raveendrans-firm-is-leading-in-the-educational-technology-space/articleshow/52700525.cms|title=Why Byju Raveendran's firm is leading in the educational technology space|last=Dwivedi|first=Vinay|newspaper=The Economic Times|date=13 June 2016|access-date=4 May 2019|archive-url=https://web.archive.org/web/20190215160026/https://economictimes.indiatimes.com/wealth/earn/why-byju-raveendrans-firm-is-leading-in-the-educational-technology-space/articleshow/52700525.cms|archive-date=15 February 2019|url-status=live}}{{Cite news|url=https://qz.com/740893/an-engineer-has-built-indias-largest-education-technology-startup-by-helping-students-get-into-the-iims/|title=India's largest edu-tech startup was built by an engineer who aced CAT for fun—twice|last=Karnik|first=Madhura|website=Quartz|date=27 July 2016|archive-url=https://web.archive.org/web/20160801073300/https://qz.com/740893/an-engineer-has-built-indias-largest-education-technology-startup-by-helping-students-get-into-the-iims/|archive-date=1 August 2016|access-date=4 May 2019}}{{Cite web|url=http://www.forbesindia.com/article/hidden-gems-2016/how-byjus-fills-the-biggest-gap-in-indian-education/44247/1|title=How Byju's fills the biggest gap in Indian education|last=Shree|first=Shilpa|website=Forbes India|language=en-US|date=9 September 2016|archive-url=https://web.archive.org/web/20180731184429/http://www.forbesindia.com/article/hidden-gems-2016/how-byjus-fills-the-biggest-gap-in-indian-education/44247/1|archive-date=31 July 2018|access-date=4 May 2019}} through which students learn in a self-paced mode.{{Cite book |last1=Mirjana |first1=Pejic-Bach |url=https://books.google.com/books?id=xG9bEAAAQBAJ&dq=%22Byju%27s%22&pg=PA293 |title=Management Strategies for Sustainability, New Knowledge Innovation, and Personalized Products and Services |last2=Ça?lar |first2=Do?ru |date=2022-01-14 |publisher=IGI Global |isbn=978-1-7998-7795-0 |language=en}} Byju's reports to have 40 million users overall, 3 million annual paid subscribers and an annual retention rate of about 85%.{{cite web|url=http://www.businessworld.in/article/Byju-s-Group-The-World-Is-His-Classroom/29-04-2019-169817/|title=Byju's Group: The World Is His Classroom|first=Suman|last=K Jha|work=Businessworld|date=29 April 2019|archive-url=https://web.archive.org/web/20190502150713/http://www.businessworld.in/article/Byju-s-Group-The-World-Is-His-Classroom/29-04-2019-169817/|archive-date=2 May 2019|access-date=2 May 2019}}{{cite web|url=https://www.forbes.com/sites/sindhujabalaji/2018/03/11/how-are-indias-biggest-edtech-startups-winning-students-by-treating-it-like-a-game/|title=How Are India's Biggest EdTech Startups Winning Students? By Treating It Like A Game|first=Sindhuja|last=Balaji|date=11 March 2018|work=Forbes India|access-date=4 May 2019|archive-url=https://web.archive.org/web/20190720010545/https://www.forbes.com/sites/sindhujabalaji/2018/03/11/how-are-indias-biggest-edtech-startups-winning-students-by-treating-it-like-a-game/|archive-date=20 July 2019|url-status=live}} In October 2018, the app expanded to the United Kingdom, United States and other English-speaking countries.{{Cite web |title=BBC World News – India's Game-Changers, Byju Raveendran |url=https://www.bbc.co.uk/programmes/n3ct5ckk |access-date=2022-10-08 |website=BBC |language=en-GB}}

In 2019, the company announced that it would launch its app in regional Indian languages.{{cite web|url=http://bestmediainfo.com/2017/11/byju-s-looking-at-regional-languages-and-international-markets-for-growth/|title=Byju's looking at regional languages and international markets for growth|first=Roshni|last=Nair|date=22 November 2017|website=bestmediainfo.com|archive-url=https://web.archive.org/web/20180331155917/http://bestmediainfo.com/2017/11/byju-s-looking-at-regional-languages-and-international-markets-for-growth/|archive-date=31 March 2018|access-date=4 May 2019}} It also planned to launch an international version of the app for English-speaking students in other countries.{{cite web|url= http://techcircle.vccircle.com/2018/03/09/why-ed-tech-startup-byju-s-will-build-not-buy-for-its-global-expansion|title= Why ed-tech startup Byju's will build, not buy, for its global expansion|first1=Anand|last1=J.|first2=Dearton Thomas|last2=Hector|date=9 March 2018|website=VCCircle|archive-url= https://web.archive.org/web/20190502090122/https://www.techcircle.in/2018/03/09/why-ed-tech-startup-byju-s-will-build-not-buy-for-its-global-expansion|archive-date=2 May 2019|access-date=2 May 2019}}{{cite web|url=https://techcrunch.com/2018/12/17/byjus-raises-540-million/|title=Byju's targets global expansion for its digital education service after raising $540M|first=Jon|last=Russell|website=TechCrunch|date=17 December 2018|access-date=2 May 2019|archive-url=https://web.archive.org/web/20190505034826/https://techcrunch.com/2018/12/17/byjus-raises-540-million/|archive-date=5 May 2019|url-status=live}} And to cater students of kindergarten, Byju's launched new programs in its Early Learn App.{{Cite web|title=Disney. Byju's Early Learn App Now Offers Learning Programs For Kindergarten Kids In India|date=3 June 2020 |url=https://www.apnnews.com/disney-byjus-early-learn-app-now-offers-learning-programs-for-kindergarten-kids-in-india/|access-date=2020-06-15|language=en-US}}

In April 2021, the company also announced the launch of "Byju's Future School" to be led by WhiteHat Jr Founder Karan Bajaj.{{Cite web|date=2021-04-09|title=Byju's to build a blended-learning Future School based on WhiteHat Jr Success Story|url=https://www.ciol.com/byjus-build-blended-learning-future-school-based-whitehat-jr-success-story/|access-date=2021-04-19|website=CIOL|language=en-US}} The Future School aims to cross the bridge from passive to active learning with an interactive learning platform blended with coding and other subjects like Math, Science, English, Music and Fine arts through storytelling. Byju's planned to launch the Future School in the United States, United Kingdom, Australia, Brazil, Indonesia and Mexico in May of that year.{{Cite news|last=Abrar|first=Peerzada|date=2021-04-08|title=Indian edtech giant Byju's expands globally, launches Future School|work=Business Standard India|url=https://www.business-standard.com/article/companies/indian-edtech-giant-byju-s-expands-globally-launches-future-school-121040800739_1.html|access-date=2021-04-19}} Karan Bajaj quit WhiteHat Jr a year after the acquisition.{{Cite news |title=WhiteHat Jr founder Karan Bajaj quits a year after acquisition by Byju's |work=The Economic Times |url=https://economictimes.indiatimes.com/tech/startups/whitehat-jr-founder-karan-bajaj-quits-a-year-after-acquisition-by-byjus/articleshow/85033048.cms |access-date=2022-10-08}}

The company is focusing on adopting a hybrid model of teaching and learning by launching 500 tuition centers across 200 cities in India.{{Cite web |title=Byju's to launch 500 physical tuition centres as edtech firm ramps up blended learning |url=https://www.moneycontrol.com/news/business/companies/byjus-to-launch-500-physical-tuition-centres-as-edtech-firm-ramps-up-blended-learning-8120241.html |access-date=2022-03-10 |website=Moneycontrol |date=17 February 2022 |language=en}} As of February 2022, 80 centers are already launched.{{Cite web |last=Simhan |first=T. E. Raja |title=Byju's Tuition Centre to hire nearly 4,000 teachers this year |url=https://www.thehindubusinessline.com/news/education/byjus-tuition-centre-plans-to-hire-nearly-4000-teachers-this-year/article65062083.ece |access-date=2022-03-10 |website=www.thehindubusinessline.com |date=18 February 2022 |language=en}}

In July 2017, Think and Learn acquired TutorVista (including Edurite) from Pearson.{{cite news|url= https://www.livemint.com/Companies/VtOJY1jBZSOrtBvyLzsrhI/Byjus-acquires-TutorVista-Eduvista-in-push-for-global-expa.html|title=Byju's buys Pearson's TutorVista, Edurite in push for global expansion|author=Sayan Chakraborty|date=4 July 2017|newspaper=Mint|archive-url=https://web.archive.org/web/20180412082807/https://www.livemint.com/Companies/VtOJY1jBZSOrtBvyLzsrhI/Byjus-acquires-TutorVista-Eduvista-in-push-for-global-expa.html|archive-date=12 April 2018|access-date=4 May 2019}}{{cite news|url=https://economictimes.indiatimes.com/small-biz/startups/byjus-acquires-tutorvista-and-edurite/articleshow/59427281.cms|title= *Byju's acquires TutorVista, Edurite from Pearson|author=J Vignesh|date=3 July 2017|publisher=The Economic Times|archive-url= https://web.archive.org/web/20180412082950/https://economictimes.indiatimes.com/small-biz/startups/byjus-acquires-tutorvista-and-edurite/articleshow/59427281.cms|archive-date=12 April 2018|access-date=4 May 2019}}{{cite news|last=Dhamija|first=Anshul|title=Byju's acquires TutorVista and Edurite from Pearson|url=http://www.forbesindia.com/article/special/byjus-acquires-tutorvista-and-edurite-from-pearson/47449/1|work=Forbes India|date=3 July 2017|access-date=4 May 2019}}

In January 2019, Byju's acquired American-based Osmo, a maker of educational games for children aged 3–8 years for {{USD|120 million|link=yes}}.{{cite web|url=https://www.livemint.com/Companies/80Le6wvAY3xi3jFSs5FJLI/Byjus-acquires-USbased-Osmo-for-120-million.html|title=Byju's acquires US-based Osmo for $120 million, also Toppr |first=Deepti|last=Govind|website=Mint|date=19 January 2019|archive-url=https://web.archive.org/web/20190205042058/http://www.livemint.com/Companies/80Le6wvAY3xi3jFSs5FJLI/Byjus-acquires-USbased-Osmo-for-120-million.html|archive-date=5 February 2019|access-date=4 May 2019}}

In July 2020, Byju's also acquired Indian startup WhiteHat Jr for {{USD|300 million}}.{{Cite news|url=https://economictimes.indiatimes.com/small-biz/startups/newsbuzz/byjus-acquires-mumbai-based-edtech-firm-whitehat-jr/articleshow/77378868.cms|title=Byju's parent buys WhiteHat Jr in $300m cash deal|first=Biswarup|last=Gooptu|newspaper=The Economic Times}}

In September 2020, Byju's acquires virtual labs simulation startup LabInApp.{{Cite web|last=Bhalla|first=Tarush|date=2020-09-17|title=Byju's buys virtual simulation platform LabInApp|url=https://www.livemint.com/companies/news/byju-s-acquires-ed-tech-startup-labinapp-11600360542485.html|access-date=2021-07-05|website=mint|language=en}}{{Cite web|last=Sil|first=Debarghya|date=2020-09-18|title=Edtech Giant Byju's Acquires Virtual Lab Simulation Platform LabInApp|url=https://www.entrepreneur.com/article/356376|access-date=2021-07-05|website=Entrepreneur|language=en}}{{Cite web|title=Byju's acquires Unitus-funded edtech start-up LabInApp|url=https://www.thehindubusinessline.com/info-tech/social-media/byjus-acquires-unitus-funded-edtech-start-up-labinapp/article32632055.ece|access-date=2021-07-05|website=@businessline|date=17 September 2020 |language=en}}

In February 2021, Byju's acquires Mumbai-based doubt clearing platform Scholr.{{Cite web|last=Upadhyay|first=Harsh|date=2021-02-18|title=Exclusive: Byju's acquires Mumbai-based doubt clearing platform Scholr|url=https://entrackr.com/2021/02/exclusive-byjus-acquires-mumbai-based-doubt-clearing-platform-scholr/|access-date=2021-02-19|website=Entrackr|language=en-US}}

In April 2021, Byju's acquired test prep firm Aakash Educational Services Ltd. in an estimated {{USD|950 million}} cash and stock deal. Aakash's founders and Blackstone Group will receive minority stakes in Byju's as part of the deal.{{cite news |last1=Shah |first1=Sneha |last2=Peermohamed |first2=Alnoor |title=Byju's to acquire Aakash Educational Services in nearly $1-billion deal |url=https://economictimes.indiatimes.com/tech/startups/byjus-to-acquire-aakash-educational-services-in-700-million-deal/articleshow/81910598.cms |website=The Economic Times |access-date=6 April 2021}}{{Cite news|date=2021-01-12|title=Byju's to Pay $1 Billion for Blackstone-Backed India Tutor|language=en|work=Bloomberg.com|url=https://www.bloomberg.com/news/articles/2021-01-12/byju-s-said-to-pay-1-billion-for-blackstone-backed-india-tutor|access-date=2021-01-18}}

In July 2021, Byju's acquired American-based kids learning platform Epic! in a {{USD|500 million}} cash-and-stock deal. The Epic acquisition was part of Byju's foray into the overseas market, from where it expects annual revenue of {{USD|300 million}} per financial year.{{Cite news|url=https://economictimes.indiatimes.com/tech/startups/byjus-acquires-us-edtech-firm-epic-in-500-million-deal/articleshow/84612454.cms|title = Byju's acquires US edtech firm Epic in $500-million deal|newspaper = The Economic Times}}

In July 2021, Byju's acquired Singapore-based higher education platform Great Learning at a cost of {{USD|600 million}} and after-school learning app Toppr.{{cite news |title=Byju's Acquires Education Platform Great Learning For $600 Million |url=https://www.ndtv.com/business/byjus-acquires-education-platform-great-learning-2495176 |access-date=27 July 2021 |work=NDTV.com}}

In September 2021, Byju's acquired two startups including online test preparation platform Gradeup for an undisclosed price and rebranded it to BYJU’S Exam Prep{{Cite web|last=Bhalla|first=Tarush|date=2021-09-07|title=Byju's takes over Gradeup in its 8th acquisition of the year|url=https://www.livemint.com/companies/start-ups/byjus-acquires-exam-prep-platform-gradeup-8th-buy-this-year-11631025394832.html|access-date=2021-09-10|website=mint|language=en}}{{Cite news|title=Byju's acquires online exam preparation platform Gradeup|work=The Economic Times|url=https://economictimes.indiatimes.com/tech/startups/byjus-acquires-online-exam-preparation-platform-gradeup/articleshow/86016376.cms|access-date=2021-09-10}} and American based coding platform Tynker for {{USD|200 million}}.{{Cite web|date=September 17, 2021|first=Shilpa|last=Phadnis|title=tynker: Byju's acquires US kids coding platform for $200 million|url=https://timesofindia.indiatimes.com/business/india-business/byjus-acquires-us-kids-coding-platform-for-200-million/articleshow/86281012.cms|access-date=2021-09-18|website=The Times of India|language=en}}{{Cite web|title=Byju's acquires coding platform Tynker for $200 million in US expansion push|url=https://techcrunch.com/2021/09/16/byjus-acquires-coding-platform-tynker-for-200-million-in-us-expansion-push/|access-date=2021-09-18|website=TechCrunch|date=16 September 2021|language=en-US}}

In December 2021, Byju's acquired GeoGebra in a {{USD|100 million}} cash-and-stock deal.{{Cite news|last=Padmanabhan|first=Arun|title=Byju's acquires Austria's math platform GeoGebra in $100 million deal|work=The Economic Times|url=https://economictimes.indiatimes.com/tech/startups/byjus-acquires-austria-based-math-platform-geogebra/articleshow/88162698.cms|access-date=2021-12-18}}

In February 2022, Byju's-owned upskilling platform Great Learning acquires Bengaluru-based campus recruitment platform Superset.{{Cite web|last=Rai|first=Joseph|date=2022-02-23|title=Byju's-owned upskilling platform Great Learning buys recruitment firm Superset|url=https://www.livemint.com/companies/start-ups/byjusowned-upskilling-platform-great-learning-buys-recruitment-firm-superset-11645558786034.html|access-date=2022-02-23|website=Livemint|language=en-US}}

To date, Byju's spent at least $2.8 billion on a dozen acquisitions to expand beyond the original learning app and bring together its services that will allow it to reach learners of all ages. For example, it has ventured into exam preparation, higher education MOOCs, and tuition centers. In addition, it has acquired several additional platforms that offer virtual reality, artificial intelligence, and educational gaming services, most of which occurred in 2021.

Byju's received seed funding from Aarin Capital in 2013.{{cite news|url=https://www.moneycontrol.com/news/business/an-entrepreneur-by-heart-fortis-manipal-deal-makes-ranjan-pai-the-new-king-of-indias-healthcare-industry-2538335.html|title=An entrepreneur at heart, Ranjan Pai is the new king of India's healthcare industry|author=Prince Mathews Thomas|date=29 March 2018|website=Moneycontrol.com|archive-url=https://web.archive.org/web/20180412084323/https://www.moneycontrol.com/news/business/an-entrepreneur-by-heart-fortis-manipal-deal-makes-ranjan-pai-the-new-king-of-indias-healthcare-industry-2538335.html|archive-date=12 April 2018|access-date=4 May 2019|url-status=dead}} As of 2019, Byju's had secured nearly $785 million in funding from investors, including Sequoia Capital India, Chan Zuckerberg Initiative (CZI), Tencent, Sofina, Lightspeed Venture Partners, Qatar Investment Authority,{{Cite web |title=Forbes India – Byju's Raises $150 Million From Qatar Investment Authority, Owl Ventures |url=https://www.forbesindia.com/article/special/byjus-raises-$150-million-from-qatar-investment-authority-owl-ventures/54289/1 |access-date=2022-04-30 |website=Forbes India |language=en}} Verlinvest, IFC, Naspers Ventures, CPPIB and General Atlantic.{{cite news|url=https://economictimes.indiatimes.com/small-biz/startups/newsbuzz/edutech-startup-byjus-quietly-turns-a-unicorn-company/articleshow/63293773.cms|title=Here's how edutech startup Byju's quietly turned into a unicorn company|first1=J|last1=Vignesh|first2=Madhav|last2=Chanchani|date=14 March 2018|newspaper=The Economic Times|archive-url=https://archive.today/20180324081409/https://economictimes.indiatimes.com/small-biz/startups/newsbuzz/edutech-startup-byjus-quietly-turns-a-unicorn-company/articleshow/63293773.cms|archive-date=24 March 2018|access-date=24 March 2018|url-status=live}}{{cite web|url=https://www.vccircle.com/cppib-general-atlantic-others-back-byju-s-in-mega-funding-round/|title=CPPIB, General Atlantic & others back Byju's in Naspers-led mega funding round|first=Vijayakumar|last=Pitchiah|website=VCCircle|date=11 December 2018|archive-url=https://web.archive.org/web/20190411014655/https://www.vccircle.com/cppib-general-atlantic-others-back-byju-s-in-mega-funding-round/|archive-date=11 April 2019|access-date=4 May 2019}} Byju's was the first company in Asia to receive an investment from Chan-Zuckerberg Initiative (co-funded by Meta Platforms co founder, chairman and CEO Mark Zuckerberg and Priscilla Chan).{{cite news|url=https://www.theguardian.com/technology/2016/sep/21/mark-zuckerberg-priscilla-chan-end-disease|title=Priscilla Chan and Mark Zuckerberg aim to 'cure, prevent and manage' all disease|author=Olivia Solon|date=22 September 2016|newspaper=The Guardian|archive-url=https://web.archive.org/web/20180412091640/https://www.theguardian.com/technology/2016/sep/21/mark-zuckerberg-priscilla-chan-end-disease|archive-date=12 April 2018|access-date=4 May 2019}}{{cite news|url=https://www.wsj.com/articles/byjus-raises-50m-co-led-by-chan-zuckerberg-initiative-1473357848|title=Byju's Raises $50M Co-led by Chan Zuckerberg Initiative|date=8 September 2016|newspaper=The Wall Street Journal|access-date=4 May 2019|archive-url=https://web.archive.org/web/20161021070131/http://www.wsj.com/articles/byjus-raises-50m-co-led-by-chan-zuckerberg-initiative-1473357848|archive-date=21 October 2016|url-status=live}}{{subscription required}}{{cite news|url= https://www.cnbc.com/2016/12/07/how-start-up-byjus-shrugged-off-a-slowdown-and-snagged-cash-from-mark-zuckerberg.html|title= How this start-up shrugged off a slowdown and snagged cash from Mark Zuckerberg|author=Gauri Bhatia|date=8 December 2016|publisher=CNBC|archive-url= https://web.archive.org/web/20180412092620/https://www.cnbc.com/2016/12/07/how-start-up-byjus-shrugged-off-a-slowdown-and-snagged-cash-from-mark-zuckerberg.html|archive-date=12 April 2018|access-date=4 May 2019}} As per the company filings with the Ministry of Corporate Affairs, Byju's became a unicorn and was valued at ₹6,505 crore ($1 billion) as of March 2018.{{Cite news|url=https://inc42.com/buzz/the-rise-of-indias-billion-dollar-club-edtech-startup-byjus-turns-unicorn/|title=The Rise Of India's Billion-Dollar Club: Edtech Startup Byju's Turns Unicorn|last=Anupam|first=Suprita|date=14 March 2018|website=inc42.com|access-date=4 May 2019}} In June 2020, Byju's attained the decacorn status with an investment by Mary Meeker's Bond Capital.{{cite web | title=Mary Meeker's Bond backs Indian online learning startup Byju's – TechCrunch | website=TechCrunch | date=2020-06-25 | url=https://techcrunch.com/2020/06/25/mary-meekers-bond-invests-in-indian-online-learning-giant-byjus/ | access-date=2020-06-26}} In March 2022 Byju's raised $800 million, reaching a valuation of $22 billion.{{Cite news |title=Byju's closes $800 million pre-IPO fundraise at a valuation of $22 billion |work=The Economic Times |url=https://economictimes.indiatimes.com/tech/startups/byjus-closes-800-million-pre-ipo-fundraise-at-22-billion-valuation/articleshow/90155310.cms |access-date=2022-06-12}}

In September 2020, Byju's replaced Oppo as the title sponsor of the India national cricket team.{{Cite web|title=BCCI announces Byju's as Indian cricket team's new sponsor for three-year period |url=https://www.firstpost.com/firstcricket/sports-news/bcci-announces-byjus-as-indian-cricket-teams-new-sponsor-for-three-year-period-7057621.html|access-date=2020-11-07|website=Firstpost|date=25 July 2019 }} Byju's operates roughly on a premium business model where a paid subscription is required for most of the content. In 2017, Byju's generated revenues of about ₹260 crore (US$40 million or €33 million) and doubled it in 2018 financial year, earning ₹520 crore.{{cite web|last=Jose Hector|first=Darlington|date=9 June 2017|title=Byju's on way to turn India's first education based unicorn, CEO [Byju Raveendran] on how he turned it into mammoth online venture|url=http://www.financialexpress.com/opinion/byjus-on-way-to-turn-indias-first-education-based-unicorn-ceo-byju-raveendran-on-how-he-turned-it-into-mammoth-online-venture/708927/|archive-url=https://web.archive.org/web/20180324073529/http://www.financialexpress.com/opinion/byjus-on-way-to-turn-indias-first-education-based-unicorn-ceo-byju-raveendran-on-how-he-turned-it-into-mammoth-online-venture/708927/|archive-date=24 March 2018|access-date=4 May 2019|newspaper=The Financial Express}}{{cite web|url=https://qz.com/1248788/byjus-indias-newest-unicorn-is-going-global-with-its-exam-prep-business/|title=After turning exam prep into a booming business, India's newest unicorn is going global|last=U N|first=Sushma|date=16 April 2018|website=Quartz India|archive-url=https://web.archive.org/web/20180416082817/https://qz.com/1248788/byjus-indias-newest-unicorn-is-going-global-with-its-exam-prep-business/|archive-date=16 April 2018|access-date=4 May 2019}}{{cite news|url=https://economictimes.indiatimes.com/small-biz/startups/newsbuzz/byjus-ups-revenue-to-rs-490-cr-in-fy-18-drops-losses-by-half/articleshow/67474606.cms|title=Byju's ups revenue to Rs 490 cr in FY 18, drops losses by half|newspaper=The Economic Times|date=10 January 2019|access-date=4 May 2019|archive-url=https://web.archive.org/web/20190502100745/https://economictimes.indiatimes.com/small-biz/startups/newsbuzz/byjus-ups-revenue-to-rs-490-cr-in-fy-18-drops-losses-by-half/articleshow/67474606.cms|archive-date=2 May 2019|url-status=live}} In June 2020, with the investment of Bond, a global technology investment firm, Byju's became viewed as a decacorn with a US$10.5 billion valuation.{{cite news |title=Byju's is now a decacorn with the latest investment from Mary Meeker's BOND |url=https://www.businessinsider.in/business/startups/news/byjus-is-now-a-decacorn-with-the-latest-investment-from-mary-meekers-bond/amp_articleshow/76639112.cms |access-date=28 June 2020 |publisher=Business Insider |date=26 June 2020}}

In November 2020, Byju's became the title sponsor of the Indian Super League club Kerala Blasters FC replacing Muthoot Group.{{Cite web|title=കേരള ബ്ലാസ്റ്റേഴ്സിൻെറ ടൈറ്റിൽ സ്പോൺസറായി ബൈജൂസിനെ പ്രഖ്യാപിച്ചു|url=https://malayalam.samayam.com/sports/football/indian-super-league/byjus-named-as-kerala-blasters-fcs-new-title-sponsor/articleshow/79099984.cms|access-date=2020-11-07|website=malayalam.samayam.com|language=ml}} In November 2020, Byju's raised US$200 million in a fresh funding round led by BlackRock and T. Rowe Price at a valuation of $12 billion.{{cite news |title=Byju's raises $200 mn in fresh funding; valuation surges to $12 bn |url=https://www.business-standard.com/article/companies/byju-s-raises-200-mn-in-fresh-funding-valuation-surges-to-12-bn-120112100876_1.html |access-date=27 March 2021 |work=Business Standard India |date=21 November 2020}} In March 2021, Byju's secured $460m in a series F funding round.{{cite news |title=Byju's secured $460M in Series F Funding round|url=https://onlinechurn.com/byjus-secured-460m-in-series-f-funding-round/ |access-date=30 March 2021 |work=Online Churn}} In April 2021, B Capital, Baron Funds, and XN invested $1 billion in Byju's.{{Cite news|url=https://www.bloomberg.com/news/articles/2021-04-10/saverin-s-b-capital-others-invest-1-billion-in-india-s-byju-s|title = Saverin's B Capital, Others Invest $1 Billion in India's Byju's|newspaper = Bloomberg.com|date = 10 April 2021}} In June 2021, Byju's raised $50 million in a Series F round from IIFL's private equity fund and Maitri Edtech.{{cite news|title=Byju's raises another $50 million led by IIFL|website=the economic times|publisher=etech|url=https://economictimes.indiatimes.com/tech/funding/byjus-raises-50-million-in-series-f-round-led-by-iifl/articleshow/83715676.cms}} In October 2021, Byju's raised $296 million as a part of its Series F round from Oxshott Venture Fund, Edelweiss Group, Verition Fund Management, XN Exponent Holdings, and MarketX Ventures.{{Cite web|date=2021-11-15|title=Exclusive: Byju's Valuation Touches $21 Bn Post Chan Zuckerberg & Google Founder's Office Investment|url=https://inc42.com/buzz/exclusive-byjus-takes-series-f-round-size-to-363-mn-adds-chan-zuckerberg-as-investor/|access-date=2022-01-13|website=Inc42 Media|language=en-US}} In March 2022, the company raised $800 million from Byju Raveendran, Sumeru Ventures, Vitruvian Partners, and BlackRock.{{Cite news |last=Abrar |first=Peerzada |date=2022-03-11 |title=Byju's CEO pumps 50% of $800 mn in latest fundraise; valuation tops $22 bn |work=Business Standard India |url=https://www.business-standard.com/article/companies/byju-s-valuation-tops-22-bn-after-800-mn-funding-led-by-founder-122031101188_1.html |access-date=2022-03-24}}

In March 2022, Byju's was named as one of the official sponsors of the 2022 FIFA World Cup.{{cite news |title=Byju's named official sponsor of FIFA World Cup Qatar 2022 |url=https://timesofindia.indiatimes.com/sports/football/top-stories/byjus-named-official-sponsor-of-fifa-world-cup-qatar-2022/articleshow/90425001.cms |access-date=27 April 2022 |work=The Times of India |date=24 March 2022 |language=en}}

In 2022 Byjus laid off nearly 4000 people from its team amid funding crunch and road to profitability.{{Cite web |last=Mukhopadhyay |first=Sounak |date=2023-03-22 |title=Thousands have lost jobs in India; these layoff numbers will blow your mind |url=https://www.livemint.com/news/india/thousands-have-lost-jobs-in-india-these-layoff-numbers-will-blow-your-mind-11679462788841.html |access-date=2023-04-15 |website=mint |language=en}}

Byju's is experiencing a severe funding crunch as of December 2023. The business is at odds with US lenders over unpaid interest on a $1.2 billion term loan. Byju's listed two important assets for sale in an effort to raise between $800 million and $1 billion to help with its financial difficulties. {{Cite web |title=Byju Raveendran said to have infused Rs 4,000 cr of own money in firm |url=https://www.business-standard.com/companies/news/byju-raveendran-infuses-around-rs-4-000-cr-to-help-byju-s-battle-crisis-123120500932_1.html}}

Byju's laid off almost 4,000 employees in 2022 as a result of a lack of funding, hoping to shift toward profitability. In addition, the business is dealing with litigation and grievances regarding its products, services, and business practices from clients, employees, and competitors.

Byju Raveendran, the company's founder and group CEO, stated in November 2023 that the business will keep growing profitably and sustainably in the upcoming years.{{Cite web |title= Byju's reports 2.3x revenue growth in FY22, reduces EBITDA loss| date=4 November 2023 |url=https://entrackr.com/2023/11/byjus-reports-2-3x-revenue-growth-in-fy22-reduces-ebitda-loss/#:~:text=BYJU'S%20will%20continue%20on%20the,Rs%202%2C189%20crore%20in%20FY20.}}

On 25 January 2024, lenders began bankruptcy proceedings against Byju's in an effort to repay its loans.{{Cite web|url=https://www.reuters.com/technology/lenders-begin-bankruptcy-proceedings-against-indias-byjus-2024-01-25/|title=Lenders begin bankruptcy proceedings against India's Byju's|date=January 25, 2024|access-date=February 1, 2024|website=Reuters|language=en}} On 1 February 2024, Byju's U.S. division filed for Chapter 11 bankruptcy in Delaware. Byju's would raise around $200 million in an effort to clear "immediate liabilities" and for other operational costs at a post-money valuation of $225 million.{{cite web | url=https://www.deccanherald.com/business/companies/how-byjus-journeyed-from-22-billion-to-225-million-in-less-than-two-years-2891142 | title=How Byju's journeyed from $22 billion to $225 million in less than two years | date=12 February 2024 }}

{{Cite web|url=https://finance.yahoo.com/news/byjus-us-unit-files-bankruptcy-202553510.html|title=Indian edtech Byju's US unit files for bankruptcy in Delaware|date=February 1, 2024|access-date=February 1, 2024|website=Yahoo! Finance|language=en}}

On 22 May 2024, a US bankruptcy court penalized Byju's director Riju Ravindran for contempt of court for refusing to disclose the location of $533 million in loan proceeds. The court also prohibited further transfers of these funds and found co-founders Byju Raveendran and Divya Gokulnath complicit. This decision followed a year-long legal battle between Byju's parent company, Think & Learn, and its bondholders.{{Cite web |last=Shah |first=Sneha |date=22 May 2024 |title=US bankruptcy court pulls up Byju's Riju Ravindran for concealing $533 mn |url=https://www.livemint.com/companies/news/us-bankruptcy-court-pulls-up-byju-s-co-founder-riju-ravindran-for-concealing-533-mn-11716350365234.html |access-date=31 May 2024 |website=mint}}

On 1 August 2024, Byju's director Riju Ravindran was ordered by a US bankruptcy judge to pay $10,000 a day until he helped locate the $533 million the company was accused of hiding from its U.S lenders.{{Cite web |date=2024-08-01 |title=US Court Fines Riju Raveendran With $10,000 a Day Over Missing $533 Million |url=https://business.outlookindia.com/corporate/us-court-fines-riju-raveendran-with-10000-a-day-over-missing-533-million |access-date=2024-08-02 |website=Outlook Business & Money |language=en}}

In July 2024, the National Company Law Tribunal (NCLT) appointed an Insolvency Resolution Professional to oversee Byju’s day-to-day affairs. This came after BCCI sought initiation of the insolvency proceedings against Byju’s over unpaid dues of Rs.158 crore.{{Cite news |title=Raveendran loses immediate control of Byju's as NCLT admits BCCI insolvency plea over ₹158 crore in dues |url=https://www.livemint.com/companies/news/byjus-crisis-nclt-admits-bcci-insolvency-proceeding-petition-cricketing-body-aims-to-recover-rs-158-crore-sponsorship-11721113031205.html}}{{Cite web |date=2024-07-16 |title=Byju's crisis: NCLT admits BCCI petition seeking insolvency proceeding against edtech firm |url=https://www.businesstoday.in/latest/corporate/story/byjus-crisis-nclt-admits-bcci-petition-seeking-insolvency-proceeding-against-edtech-firm-437306-2024-07-16 |access-date=2024-07-16 |website=Business Today |language=en}} The order was later quashed by NCLAT Chennai after the two parties agreed to a settlement.

On October 23, 2023, the Supreme Court of India set aside an NCLAT judgment that had closed insolvency proceedings against Byju's parent company, Think & Learn. The case was initiated by US-based creditor Glas Trust over a ₹158 crore debt. The Court ruled that proper procedures were not followed by NCLAT and directed that funds in escrow be moved to the Committee of Creditors.{{Cn|date=January 2025}}

In September 2020, Byju's launched the “Education for All” Initiative for kids from marginalized populations.{{Cite web|date=September 16, 2020|title=Byju's announces social initiative to empower 5 million children by 2025|url=https://www.thehindubusinessline.com/news/education/byjus-announces-social-initiative-to-empower-5-million-children-by-2025/article32620626.ece|access-date=2022-02-14|website=Hindu Business Line|language=en}}

Among the several initiatives launched under Education for All, Byju's Give was launched in November 2020, under which the company collects old or unused smart devices for refurbishing purposes and then loads them up with Byju's content for free and distribute to those children who have no access to the internet.{{Cite web|date=November 20, 2020|title=Byju's launches new initiative to encourage digital learning|url=https://timesofindia.indiatimes.com/home/education/news/byjus-launches-new-initiative-to-encourage-digital-learning/articleshow/79323225.cms|access-date=2022-02-14|website=The Times of India|language=en}}

In July 2019, Byju's won the sponsorship rights for the Indian cricket team jersey until 2023.{{Cite news |title=Byju's to replace Oppo on Team India jersey |work=Business Today |url=https://sportstar.thehindu.com/cricket/oppo-to-be-replaced-by-byjus-on-indian-cricket-team-jersey/article28706334.ece |url-status=live |archive-url=https://web.archive.org/web/20190725075909/https://sportstar.thehindu.com/cricket/oppo-to-be-replaced-by-byjus-on-indian-cricket-team-jersey/article28706334.ece |archive-date=25 July 2019}}

In November 2020, Byju's replaced the Muthoot Group to become the title sponsor of the Indian Super League club Kerala Blasters FC until 2024.{{Cite web |title=കേരള ബ്ലാസ്റ്റേഴ്സിൻെറ ടൈറ്റിൽ സ്പോൺസറായി ബൈജൂസിനെ പ്രഖ്യാപിച്ചു |url=https://malayalam.samayam.com/sports/football/indian-super-league/byjus-named-as-kerala-blasters-fcs-new-title-sponsor/articleshow/79099984.cms |access-date=2020-11-07 |website=malayalam.samayam.com |language=ml}}

In March 2022, Byju's was announced as an official sponsor of the FIFA World Cup Qatar 2022.{{Cite web |date=2022-03-24 |title=Byju's named as official sponsor of FIFA World Cup Qatar 2022 |url=https://indianexpress.com/article/business/byjus-named-as-official-sponsor-of-fifa-world-cup-qatar-2022-7835066/ |access-date=2022-04-04 |website=The Indian Express |language=en}}

Byju's was criticized for charging fees that only the rich can afford.{{Cite web|title=Digitally deprived & divided|url=https://www.tribuneindia.com/news/comment/digitally-deprived-divided-289680|access-date=2021-10-12|website=Tribuneindia News Service|language=en}} Former salespeople say the company pushes its products on parents who cannot afford them.{{Cite web|date=2021-08-30|title=Hard sells and 'toxic' targets: How Indian edtech giant Byju's fuels its meteoric rise|url=https://restofworld.org/2021/inside-india-edtech-byjus/|access-date=2021-10-12|website=Rest of World|language=en-US}}{{Cite web|last=Chengappa|first=Sangeetha|title=Why Byju's did not meet $150-million net profit target in FY21|url=https://www.thehindubusinessline.com/companies/why-byjus-did-not-meet-150-million-net-profit-target-in-fy21/article34323074.ece|access-date=2021-10-12|website=@businessline|date=15 April 2021 |language=en}} Byju's filed a {{currency|20|INR}} crore ({{crore|20}}) defamation suit against critic Pradeep Poonia. They later withdrew the lawsuit.{{Cite web|title=WhiteHat Jr drops Rs 20 cr defamation suit against critic Pradeep Poonia|url=https://www.businesstoday.in/latest/corporate/story/whitehat-jr-drops-rs-20-cr-defamation-suit-against-critic-pradeep-poonia-294974-2021-05-04|access-date=2021-10-12|website=Business Today|date=4 May 2021 |language=en}}{{Cite web|title=IIT engineer says corporates not above freedom of speech after WhiteHat Jr withdraws defamation case against him|url=https://www.freepressjournal.in/business/iit-engineer-says-corporates-not-above-freedom-of-speech-after-whitehat-jr-withdraws-defamation-case-against-him|access-date=2021-10-12|website=Free Press Journal|language=en}}

Byju's subsidiary WhiteHat Jr. was asked to remove their five TV advertisements by the Advertising Standards Council of India (ASCI) due to misleading advertisements{{Cite news|date=28 October 2020|title=Byju's WhiteHat Jr. agrees to withdraw ads after ASCI flags code violation|url=https://economictimes.indiatimes.com/industry/services/advertising/whitehat-jr-to-withdraw-ads-after-asci-flags-code-violation/articleshow/78899934.cms?from=mdr|access-date=2 November 2020|website=Economic Times|last1=Bhushan|first1=Ratna}} and hard sales tactics.{{Cite book |last1=Chen |first1=Benjamin |url=https://books.google.com/books?id=wagvEAAAQBAJ&dq=%22Byju%27s%22&pg=PT173 |title=Youth Economist Compilation: For the youth by the youths |last2=Garcia |first2=David Cendon |last3=Caldas |first3=Amy Espinoza |last4=Andrade |first4=Beatriz |last5=Nicholas |first5=Kayla |last6=Dhesi |first6=Kiman |last7=Costa |first7=Luciana |last8=Huemer |first8=Sarah |last9=Shekhawat |first9=Vaidaansh |date=2021-05-23 |publisher=Benjamin Chen |isbn=979-8-5056-5091-2 |language=en}} WhiteHat Jr. claimed that a child named "Wolf Gupta" bagged job offers worth millions of rupees in multiple social media advertisements. This child was often described to be between the ages of 6 and 14 years. Investigations later revealed that this was all fabricated and Mr. "Gupta" is a work of fiction.{{Cite web|date=12 October 2020|title=Who Is Wolf Gupta? Byju's WhiteHat Jr Latest Marketing Gimmick Is Making Netizens Furious, Here's What We Know So Far About the 'Fictitious' Kid Apparently Working As AI Researcher at Google|url=https://in.news.yahoo.com/wolf-gupta-byju-whitehat-jr-090945630.html|access-date=2 November 2020|website=Yahoo News}}

The company had filed a {{INRConvert|20000000|year=2020}} defamation suit against Pradeep Poonia in November 2020, a software engineer, who alleged that the company made false claims and hired incompetent teachers.{{Cite web |date=2021-05-06 |title=WhiteHat Jr withdraws defamation case against software engineer |url=https://indianexpress.com/article/business/companies/whitehat-jr-withdraws-defamation-case-against-software-engineer-7303550/ |access-date=2022-05-18 |website=The Indian Express |language=en}} It was later withdrawn.{{Cite web |title=WhiteHat Jr drops Rs 20 cr defamation suit against critic Pradeep Poonia |url=https://www.businesstoday.in/latest/corporate/story/whitehat-jr-drops-rs-20-cr-defamation-suit-against-critic-pradeep-poonia-294974-2021-05-04 |access-date=2022-05-18 |website=Business Today |date=4 May 2021 |language=en}} It has also been the subject of a data leak, where the personal information of over 200,000 users was exposed.{{Cite web |title=WhiteHat Jr Data Exposed Data Due to Multiple Vulnerabilities: Report |url=https://gadgets360.com/apps/news/whitehat-jr-vulnerabilities-security-issues-exposing-2-8-lakh-student-teacher-data-2329924 |access-date=2022-05-18 |website=NDTV Gadgets 360 |date=25 November 2020 |language=en}}

Byju's offered a trial period with a 100% down payment refund. The company helped parents purchase expensive courses through easy loans from partner lenders. While Byju's receives the full fee upfront, parents must continue paying EMIs via direct debit, and the subscription is not canceled even if they are dissatisfied with the course or teachers.{{cite web | url=https://www.context.news/money-power-people/loss-after-loss-indian-parents-say-byjus-pushed-them-into-debt | title='Loss after loss': Indian parents say Byju's pushed them into debt | Context by TRF }}{{cite web | url=https://voxya.com/company/byjus-complaints/9823 | title=File a Consumer Complaint Against Byjus }}{{cite web | url=https://www.consumercomplaints.in/byjus-b115389 | title=BYJU's Complaints & Reviews }}

The Department of Consumer Affairs voiced concerns on 24 June 2022, at India Edtech Consortium (IEC) meeting regarding aggressive sales practices and deceptive marketing strategies utilized by EdTech companies, particularly Byju's and the entities that make up its group. DCA advised Byju's to work closely with the ASCI based on the complaints against it.{{Cite news |last=Mishra |first=Digbijay |title=Government airs concerns over complaints against edtech companies |work=The Economic Times |url=https://economictimes.indiatimes.com/tech/startups/government-airs-concerns-over-complaints-against-edtech-companies/articleshow/92883976.cms |access-date=2022-07-19}} According to the reports, Byju's team has pledged to resolve these grievances with a detailed action plan.{{Cite web |date=2022-07-15 |title=Govt Expresses Concern Over Alleged Malpractices By BYJU's, Other Edtech Companies |url=https://www.outlookindia.com/business/edtech-startups-in-india-govt-expresses-concern-over-alleged-malpractices-by-byju-s-other-edtech-companies-edtech-startup-funding-news-209376 |access-date=2022-07-19 |website=Outlook India |language=en}}

Previously, BYJU's used a different revenue recognition practice, which they had to change and obtain approval in accordance with Indian Accounting Standards (Ind-AS) 115 guidelines. For example, revenue expected in one fiscal year for a multi-year charge cannot be considered as revenue in that year alone. This discrepancy was eventually flagged by the auditor and a change was sought by the latter.{{Cite news |last1=Mishra |first1=Digbijay |last2=Sharma |first2=Samidha |title=Byju's audited revenue may be lower than projected by edtech unicorn |work=The Economic Times |url=https://economictimes.indiatimes.com/tech/startups/byjus-final-audited-accounts-may-lower-revenue-numbers/articleshow/94159952.cms |access-date=2022-10-09}} As of September 2022, BYJU's began recognising streaming revenue across the term of usage, which was previously recognised fully upon the start of the contract. These new accounting standards have resulted in a reduction in the amount of income that Byju's is able to book in advance.{{Cite news |last1=Cornish |first1=Chloe |last2=Singh |first2=Jyotsna |last3=Ruehl |first3=Mercedes |date=2022-10-03 |title=How a teaching app feted by Silicon Valley was left chasing the Indian dream |work=Financial Times |url=https://www.ft.com/content/8d998d44-3937-4931-8ee1-f963f6a8b253 |access-date=2022-10-08}}

Also, in the past, BYJU's used its funding capital to acquire both domestic and overseas businesses and group them under its brand. And, lately investors voiced scepticism regarding this very plan to rapidly deploy capital in order to grow internationally.

In April 2023, Indian authorities conducted a raid on the Bengaluru office of the firm, suspecting violations of foreign exchange laws. In addition to denying any wrongdoing, the company assured its employees of full compliance with the laws. In May, the company faced a lawsuit from lenders in a US court, alleging defaults on payments and breaches of the loan agreement, including significant delays in releasing financial statements. Byju's denied the accusations of fund diversion through its US-based subsidiary, Alpha. In June, following the alleged non-payment of an interest installment of nearly $40 million, Byju's counter sued the lenders for harassment and initiated a new round of layoffs, resulting in the termination of around a thousand employees. The company faced further challenges as its auditors, Deloitte Haskins and Sells, resigned citing the delayed submission of financial statements, hindering their ability to assess the company's accounts. Subsequently, three board members resigned, leaving CEO Byju Raveendran, his wife Divya Gokulnath, and brother Riju Ravindran as the remaining members on the board.{{Cite news |date=2023-07-10 |title=Byju's: The unravelling of India's most valued start-up |language=en-GB |work=BBC News |url=https://www.bbc.com/news/world-asia-india-66126095 |access-date=2023-07-10}}{{cite web |title=Byju's Advisory Panel Suffers Blow as Kumar, Pai Exit Amidst Legal Turmoil |url=https://www.brutimes.com/news/business/byjus-advisory-panel-suffers-blow-as-kumar-pai-exit-amidst-legal-turmoil |website=Bru Times News |language=en}}

In February 2024, India's economic intelligence and law enforcement entity Enforcement Directorate issued a look out notice against CEO Byju Raveendran.{{Cite news | date=2024-02-22 |title=ED issues fresh look-out notice against Byju Raveendran |url=https://www.thehindu.com/news/national/ed-renews-lookout-notice-for-byjus-founder/article67873711.ece |access-date=2024-02-23 |work=The Hindu |language=en-IN |issn=0971-751X}}

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• Course Hero
• Doubtnut
• Khan Academy
• Vedantu
• Unacademy
• Physics Wallah
• Interval Learning

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{{reflist}}

• {{Official website|https://byjus.com}}

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