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Byjus Base Model

This document outlines 3 subscription plans - Launch, Rise, and Scale - with varying variable rates and annual fees based on revenue thresholds. It then models the cash flows for a company selecting the Rise plan over 7 years, assuming 10% annual revenue growth, indirect costs of 45% of revenue, and a WACC of 12% to calculate the discounted cash flows and value of the firm at Rs. 810 lakhs. The document provides assumptions for the financial modeling and specifies the plan will not change once selected.

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sharma.kunal70
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89 views8 pages

Byjus Base Model

This document outlines 3 subscription plans - Launch, Rise, and Scale - with varying variable rates and annual fees based on revenue thresholds. It then models the cash flows for a company selecting the Rise plan over 7 years, assuming 10% annual revenue growth, indirect costs of 45% of revenue, and a WACC of 12% to calculate the discounted cash flows and value of the firm at Rs. 810 lakhs. The document provides assumptions for the financial modeling and specifies the plan will not change once selected.

Uploaded by

sharma.kunal70
Copyright
© © All Rights Reserved
We take content rights seriously. If you suspect this is your content, claim it here.
Available Formats
Download as XLSX, PDF, TXT or read online on Scribd
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Plans Subscription Price

Launch 10% + 9,999 onboarding


Rise 5% + 2,00,000 p.a.
Scale 3% + 5,00,000 p.a.

1 2
Particulars Launch Rise
Variable 10% 5%
Onboarding Fees ₹ 9,999.00 ₹ -
Annual Subscription Fees ₹ - ₹ 200,000.00
Plan applicablity based on
Annual Revenue upto ₹ 4,000,000 upto ₹ 15,000,000

Assumptions
1. Revenue growth p.a 10%

2. Revenue growth p.a -


stable growth after 6 years 8%
3. PAT = FCFF
4. Entity is an unlevered firm (Debt Free)
5. WACC of company 12%

6. Indirect Expenses as a
% of Revenue 45%
7. Tax Rate 25%
8. Payment gateway
charges 2.50%
9. Once the plan is decided company will not change it.

Plan Plan Denotion


Rise 2

Particulars Year 1
Turnover/ Sales/Revenue 84.00
Transaction Fees 4.20
Payment Gateway Charges @2.5% 2.10
Fixed Onboarding Fees -
Annual Subscription Fees 2.00
Gross Profit 75.70
Indirect Expenses 37.80
PBT 37.90
Tax @ 25% 9.48
PAT 28.42
Discounting Factor @ 12% 0.89
Discounted Cash Flows 25.38
3
Scale
3%
₹ -
₹ 500,000.00

from ₹ 15,000,001

84.00 Amount in lacs

Year 2 Year 3 Year 4


92.40 101.64 111.80
4.62 5.08 5.59
2.31 2.54 2.80
- - -
2.00 2.00 2.00
83.47 92.02 101.42
41.58 45.74 50.31
41.89 46.28 51.11
10.47 11.57 12.78
31.42 34.71 38.33
0.80 0.71 0.64
25.05 24.71 24.36
Year 5 Year 6 Year 7
122.98 135.28 146.11
6.15 6.76 7.31
3.07 3.38 3.65
- - -
2.00 2.00 2.00
111.76 123.14 133.15
55.34 60.88 65.75
56.42 62.26 67.40
14.10 15.56 16.85
42.31 46.69 50.55
0.57 0.51 0.45
24.01 23.66 22.87

Discounted Cash Flows ₹ 170


Discounted Terminal
Cash Flow ₹ 640
Value of firm ₹ 810 (₹ in lakhs)
CONTENT GUIDE
1 Type of offered plan to customer changes as per breakeven point of sales
2 Use scroller to re-compute value of firm as per change in sales
3 Use What-if analysis to compute valuation for every possible scenario
4 Alter assumption table for N no. of clients with N no. of varied assumotions
akeven point of sales

possible scenario
. of varied assumotions

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