Jaro Education, an Indian edtech firm, aims to clock more than INR 300 crores in revenues by the end of FY 22-23. The revenue target for FY 2022-23 will be a 200 per cent increase as compared to FY 2021-22. The edtech firm is set to report its revenue for FY 21-22 at over 100 crores, marking a 100 per cent jump over the last financial year.
The company’s net profit is expected to increase by 300 per cent from the previous financial year. The overall revenue from operations grew by more than 100 per cent in FY 21-22. From H1FY2021 to H1FY22, Jaro Education observed massive growth in its learner base by 150 per cent and is predicted to exceed 200 per cent in FY2022. Herein, the expenses have been focused on marketing, human resources, digital transformation, technology infrastructure, and customer experience.
Asserting a vision for future growth, Jaro Education’s CEO, Ranjita Raman said, “Our revenues have grown more than 100 per cent in the last fiscal. We have further soared to this mark of 100 crores, but we aspire to clock INR 300 crores by the end of FY23. Jaro Education, being a self-funded and profitable company, is gradually becoming a catalyst in boosting its growth synergy. Firmly, we are poised to garner a significant share in renovating the future edtech market.”
