Gokulnath said, “We have created significant brand awareness across India. We now plan to achieve profitability by March 2023. For this we have made a way. Under the scheme, marketing budget will be maximized and priority of expenditure will be fixed.
“This new scheme will help us increase efficiency, avoid waste. Our hybrid learning model – the ‘Tuition Centre’ and our ‘online learning model’ which is Byju’s Classes or our ‘Learning App’. Specifically, we plan to hire 10,000 teachers for our first two products.
Byju’s had a loss of Rs 4,588 crore in the financial year ended March 31, 2021. Mrinal Mohit, Chief Executive, Byju’s India Business, said, “Our aim is to ensure sustainable growth along with strong revenue growth.”
Let us tell you that this step of BYJU’S has been taken after the slump in demand which emerged quite sharply in the pandemic at a time as the lockdown forced schools to remain closed for months.
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