Bengaluru-based ed-tech startup Byju's has become a decacorn (a startup valued at $10 billion or above) after raising an undisclosed amount of funding from BOND, a global technology investment firm, Business Insider India reported.
The Succes Story Of Byjus
Born in the coastal village of South India, Ravindran, son of a teacher hated school and would stay out of the house for hours playing football, and after returning, he would study at home. Ravindran became an engineer after completing his studies and started helping students in preparing for the exams. He used to teach the students in such a way that their students were left astonished and satisfied. Gradually, the number of students in his class increased and soon he became a celebrity teacher and started teaching thousands of students simultaneously in big halls and even small stadiums.
Earlier, he used to train graduate students for the Common Aptitude Test (CAT) for admission to IIMs. However, he, later on, decided to shift his focus to online teaching children in the early years and started Byjus in the year 2012 with a capital of just 2 lakh rupees. According to him if children are taught basic subjects like Maths and Science in school in an exciting way, then there are more opportunities for them to succeed.
Byju’s today run online programs and lectures for children in classes VI to XII and also helps graduate students for preparing for competitive exams like SSC, CAT, IAS, GRE and GMAT. The central sole moto of Byjus is not to emphasize only theory but visual and contextual learning and uses technology and data for this. The platform offers video lectures by renowned faculties, watch-and-learn videos, animations and interactive simulations which helps students learn in an easy and fun way.
The company has raised more than 7 thousand crore funds through investments. Apart from this, on 27 August 2020, DST Global invested Rs 900 crore in the company.Today Byjus has received funding from many of the firms like Sequoia Capital India, Chan Zuckerberg Initiative (CZI), Tencent, Sofina, Lightspeed Venture Partners, Brussels-based family office Verlinvest, development finance institution IFC, Napsters Ventures, CPPIB and General Atlantic.
64+ million BYJU’S App download
4.7+ star rating for BYJU’S App
71 minutes average time spent by a student daily on the App
BYJU’S platform is used by students across 1701+ cities worldwide
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