Great Learning reported a strong 23% YoY growth in gross revenue at $118 Mn In FY24
The Bengaluru-based edtech startup also managed to stay EBITDA positive while maintaining profitability during the year under review
Founded in 2013, Great Learning offers upskilling courses in data science and AI in partnership with top global universities such as IIT Bombay, Johns Hopkins University and others
BYJU’S-owned upskilling platform Great Learning
crossed the $100 Mn revenue mark in the financial year 2023-24 (FY24).
In a statement, the Bengaluru-based company said it posted a strong 23% growth in its topline to $118 Mn during the year under review as compared to $96 Mn a year ago.
Great Learning said it also posted a positive EBITDA and net profit for the fiscal year ended March 2024. However, it did not disclose its bottomline figures.
The company’s India arm had reported a net loss of INR 357.3 Cr in FY23.
Founded by Mohan Lakhamraju, Arjun Nair, and Hari Krishnan Nair in 2013, Great Learning offers upskilling courses in data science and artificial intelligence in partnership with top global universities such as IIT Bombay, Johns Hopkins University, Duke University, among others.
Troubled edtech giant BYJU’S acquired Great Learning in 2021 for $600 Mn. It was reported earlier that the founders of Great Learning were in talks with investors to raise funds to buy the company back from BYJU’S. However, those plans are yet to materialise.
(This is a developing story and will be updated soon)
