Edtech agency Think and Learn Private Ltd, which operates underneath the model title of Byju’s, on Saturday reported audited outcomes for 2022, however just for its core enterprise, not together with its multi-billion greenback acquisitions, after a year-long delay resulting from governance points and its auditor resigning.

Byju’s guardian Think & Learn’s working losses fell 6 per cent to Rs 2,400 crore ($288.67 million) for its core on-line training enterprise in 2021-22. Its core enterprise income grew 2.3 occasions to Rs 3,569 crore in FY22 from Rs 1,552 crore within the earlier 12 months.

The core enterprise of the corporate contains its K12 providing, software and tuition centres.

“The core enterprise has demonstrated good progress, underlining the potential of edtech in India, the fastest-growing main economic system. I’m additionally humbled by the teachings learnt within the post-pandemic world of readjustments,” BYJU’S founder and group CEO Byju Raveendran said in a statement.

“BYJU’S will continue on the path of sustainable and profitable growth in the coming years,” he mentioned. The monetary numbers launched by the corporate excludes the monetary efficiency of all acquisitions made by the corporate.

Byju’s, managed by billionaire Byju Raveendran was certainly one of India’s hottest startups, valued at $22 billion in 2022, however has confronted a collection of enterprise crises together with its auditor Deloitte and board members resigning and a U.S lawsuit disputing phrases and fee of a billion greenback mortgage.

“The takeaways from a uniquely belligerent 12 months, which included 9 acquisitions, are life-long learnings,” Raveendran said in a statement.

Backed by investors such as General Atlantic, Prosus and Blackrock, Byju’s has over the past year laid off thousands of employees, seen its investors cut its valuation and seen its results delayed for the second consecutive year.

Last September, Byju’s filed its 2021 numbers after a 17-month delay. During the pandemic, its valuation swelled as more students took online classes, and Byju’s acquired businesses across disparate lines- from coding for children to companies providing executive MBAs

Byju’s is looking to raise up to $1 billion by selling at least two companies it acquired in 2021- Great Learning and Epic, Reuters reported in September.

(With Inputs From Agencies)