Byju's to push IPO by 9-12 months over macroeconomic factors

Byju's, which was planning a public share listing in US, said that it would have to push its Initial Public Offering (IPO) by 9-12 months over macroeconomic factors. Byju's reported a ₹4,588 crore loss in FY21, nearly 17 times the ₹262 crore loss in FY20. Byju Raveendran, Co-founder and CEO, said the company will be cash-flow positive by March 2023.