The company, which is backed by marquee investors such as Naspers, General Atlantic and Naspers, currently has a base of 30 million free users and 2 million paid users.
The improved financial performance of Byju’s comes at a time when the company saw its valuation soaring to $3.8 billion, when it raised $540 million in a round led by South African conglomerate Naspers, with participation from Canada Pension Plan Investment Board (CPPIB) in December. That made Byju's the most valuable educational tech companies
in the world.
The Byju Raveendran-founded company is now making lot of investments in technology-enabled learning products while firming up plans to expand into international markets. Starting from January, the unicorn start-up plans to launch in global markets such as the United States, UK, parts of Europe and Australia, targeting the age group of 3-8.
In India, it is also expanding its bouquet of products by catering to Class 1-3, in addition to Class 4-12 segment where it is already present.
Recently, the firm has also announced that it is on its way to touch a revenue mark of Rs 1,400 crore by March 2019.