Byju s had earlier set the target to become profitable by March 2023. Byju s booked a loss of Rs 4,588 crore for fiscal year ended March 31, 2021, 19 times more than the preceding fiscal.
The company has been growing at over 250% year-on-year on a CAGR basis over the past years. As much as 70% of revenue currently comes from online sales and the balance from offline sales, she informed.
Currently, most of the startup s revenue comes from storage/warehouse fee. But cofounder Prasanna Rao expects the fee from selling grain on its platform should be a bigger revenue model going forward. Commission on sales stood at Rs 40 crore in FY23 and he expects this to cross Rs 100 crore this fiscal.
​​Healthtech market, Kharge said, was estimated to reach $25 billion by 2025 and double by 2033, while the revenues in the medical devices market in India were projected to reach $6 billion in 2023 with an annual growth rate of 8.5%.
The companies of Sam Altman and former Apple designer Jony Ive are teaming up to develop a device that would succeed the smartphone and deliver the benefits of AI in a new form factor.