Byju’s Story – Profile, History, Founder, Revenue, Competition

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Hobbit Media Network Production

Lulu Snickerdoodle

@ Hobbit Media Network

Byju’s Story – Profile, History, Founder, Revenue, Competition

Even before the Coronavirus pandemic disrupted the education of millions of learners around the world, there were already significant developments in the global educational technology industry.

Around $18.6 billion was invested in online education in 2019 with the number forecasted to even soar to

With these numbers, it won’t be surprising for online learning to eventually overtake traditional learning methods in the foreseeable future.

Byju’s is a technology company based in Bangalore, India.

It developed an online learning platform that consists of numerous undergraduate and graduate-level courses.

Online learning became one of the highlights of 2020 due to the onset of COVID-19.

With governments temporarily shutting down schools and learning institutions to limit the spread of the virus, this has forced educators and students to take their learning sessions online.

80 million users around the world India-based Byju’s which caters to

Although online learning is being seen to take a big leap in the next few years, numerous issues are still causing concerns for both instructors conducting classes and students attending their classes from home.

Both parties have cited unstable Internet connectivity, expensive learning equipment, and external distractions as some of the main factors that greatly impact the effectiveness of online classes.

Despite these issues, public and private sectors around the globe are continually improving e-learning capabilities to ensure this type of blended learning will not just complement traditional methods but eventually overtake it in the future.

One company that is looking to play a big role in online learning is Byju’s.

Operating from India, Byju’s classes include courses that cover primary education subjects

It also offers practice exams for these courses as well as exams for JEE, NEET, and IAS.

Courses are prepared by licensed educators who are either employed by the company or working in consultation roles.

Although most users are required to spend to get access to these courses, Byju’s offers scholarship programs for a limited time period on certain courses.

With the Byju’s app, users can accomplish their learning through multiple electronic devices such as computers, phones, and tablets.

Founded in 2011, Byu’s has seen tremendous growth in the past few years.

80 million registered students and 3.5 million paid subscriptions. The company boasts

Students based from India aren’t the only ones using the Byju’s learning app but students from various parts of the globe.

3 more offices in India and another in Dubai This has allowed the company to open three more offices in India and another in Dubai

With the edtech industry raking in record-high revenues in 2020, Byuju also had a record-breaking year.

$390 million in revenues It generated

$1 million in 2020, the company again raised $450 million in 2021 raising its valuation to $15 billion. Raising $1 million in 2020, the company again raised $450 million in 2021

The company is now making timely acquisitions to further cement its position as a major player in India’s edtech industry.

$1 billion . It recently acquired

Byju’s is headquartered in Bannerghatta Main Road, Bangalore, and operates in three other locations in India as well as in Dubai.

3,200 employees in its three locations. The company employs around

History

Byju’s was founded in 2011 by Byju Raveendran and his wife Divya Gokulnath.

Both are former educators.

Taking its name from its co-founder, the app was developed by Raveendran and Gokulnath to offer an alternative learning solution for Indian students.

Initially named Think & Learn, the company was recognized in the 2012 Deloitte Technology Fast 50 India and Deloitte Technology Fast 500 Asia Pacific.

Since then, the company has appeared regularly in the two Deloitte lists.

200,000 students every month. In 2015, Think & Learn was rebranded to Byju’s and was already attracting

$40 million in the same year. The company also raised

In 2017, Byju’s introduced a Byju’s Parent Connect app to help parents keep track of their children’s learning.

Lulu Snickerdoodle @ Hobbit Media Network

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