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How does byjus have that valuation? That seems a little too much. Is there something shody going on here? Their financial report says they are profitable since
by hawkoy 6y ago
How does byjus have that valuation? That seems a little too much.
Is there something shody going on here? Their financial report says they are profitable since last year.
This probably explains it a little: https://www.reddit.com/r/IndiaInvestments/comments/ifjh95/how_is_byjus_able_to_generate_a_revenue_of_72m_in https://www.reddit.com/r/IndiaInvestments/comments/ifjh95/ho...
- darkhorse13 6y agoNote that Byju's reported revenue in 2019 was $78M, so we are looking at a multiplier of around 140! Probably nothing shady though, just VCs being VCs, hoping to unload this on the public through an IPO, make their money and get out.