Great Learning expects to clock revenue of more than Rs 1000 crore in FY 23

21 Nov 2022 , 09:57 AM

Great Learning forecasts doubling its revenue to almost Rs1,000 crore for FY23, at a time when an increasing number of edtech companies are cutting staff in an effort to conserve money and concentrate on profitability during a financial winter.

The edtech company, which focuses on the higher education and professional sectors, also has ambitions to hire roughly 500 workers in the upcoming six months.

Last year, the company earned nearly Rs600 crore in revenue. The company projects that this year will see continued robust growth and revenue of over Rs1,000 crore.

Lakhamraju, who launched the business in 2013, said that it had previously operated successfully on its own resources. However, last year was an outlier because of a number of variables, and the company was unable to turn a profit.