• About Us
  • Share Your Story
  • Advertise with US
  • Career
  • Contact Us
startup insider
  • Home
  • News & Updates
  • Startup Stories
  • Interviews
  • Events & Conferences
  • PodCast
  • Press Release
  • Gues Post
No Result
View All Result
  • Home
  • News & Updates
  • Startup Stories
  • Interviews
  • Events & Conferences
  • PodCast
  • Press Release
  • Gues Post
No Result
View All Result
startup insider
No Result
View All Result
Home Startup Stories

The Succes Story Of Byjus: The Future Of Online Education

in Startup Stories
0
Byjus
Share on FacebookShare on Twitter

Even in this period of pandemic crisis, the online education startups can get fresh fundings, and one such case is Byjus. Everyone must have seen the advert of this online education platform where it’s brand ambassador Shahrukh Khan could be seen praising it. Byju Raveendran, who had completed his early education from a small village, turned a coaching class into a company with monthly revenue in millions of dollars and have made it India’s largest ed-tech company.

Byjus

The Indian online education-related company Byjus in fresh funding has raised $ 500 million (about Rs 3,672 crore) in the new round, which makes the company’s valuation to $ 10.8 billion. Byju’s stated that Silver Lake and existing investors like Tiger Global, General Atlantis and Owl Ventures had made fresh investments.

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.

Byjus

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.

Byjus

This year, 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.

At the same time, in June, Baijus also got fundings of about 700 crores from a US tech investor through bonds. Currently, Byju’s app has over 570 lakh registered users and over 350 paid subscribers. It is adding more than 300,000 new customers every month.

Byjus

The success of Byjus can be estimated as this year during March and April, Byjus witnessed an enormous increase in the number of students. First of all, in March, there was an increase of 60 lakh new students on the online platform. Whereas in April, 75 lakh new students were added. The remarkable thing is that most of the students were organic users. According to media reports, Mrinal Mohit, chief operating officer of Byjus, has said that April and May have proved to be the best month in terms of sales.

Read More: Despite Covid-19 challenges, Banksathi founders committed to their Craft

Byjus has today provided thousands of jobs in several fields like tech, sales, human resource, advertising, marketing and content creation. Its the fastest growing startup which has marked its presence and giving a fierce competition to its rivals like un-academy etc.

Tags: Byjusindian startupsnews startupstart up newsstartupstartup newsstartup news indiastorysuccesstech insider india
ShareTweetShare
Previous Post

India Bans 118 More Mobile Apps Including PUBG

Next Post

The Success Story of Amazon CEO Jeff Bezos

Harsh Verma

Harsh Verma

Related Posts

pratik
Startup Stories

DigiTecholic, Inc. Founder & CEO Pratik Sinha is India’s ninth youngest self-made millionaire

January 14, 2021
N.Sonali
Startup Stories

DO YOU ASPIRE TO BE AN ACTOR

December 10, 2020
Gegadyne
Startup Stories

Gegadyne Energy Startup Story

December 9, 2020
Swiggy
Startup Stories

Swiggy Startup Success Story – In-Depth Analysis

November 21, 2020
make my trip
Startup Stories

MakeMyTrip Startups Success Story – How it Became Successful

November 21, 2020
SnapDeal
Startup Stories

From Being Denied US-VISA to Starting SnapDeal

October 4, 2020
Next Post
Amazon

The Success Story of Amazon CEO Jeff Bezos

ADVERTISEMENT
  • banksathi

    Despite Covid-19 challenges, Banksathi founders committed to their Craft

    1 shares
    Share 0 Tweet 0
  • Unique Hobbies Based Startup HOBBYHUB

    1 shares
    Share 0 Tweet 0
  • Amazon All Set To Enter India’s Food Delivery Market

    1 shares
    Share 0 Tweet 0
  • Tim Cook Confirms: First Apple Retail Store To Be Opened By 2021

    1 shares
    Share 0 Tweet 0
  • Ashish Rudhra: India’s Fastest Growing Digital Marketer

    65 shares
    Share 65 Tweet 0
Biggbang

How BiggBang Coworking Aims to help Startups in Chandigarh

January 15, 2021
pratik

DigiTecholic, Inc. Founder & CEO Pratik Sinha is India’s ninth youngest self-made millionaire

January 14, 2021
Wireless Headphone

Top 5 Best Cheap Wireless Headphone Deals Waiting For You To Grab

January 7, 2021
startup insider

Startup Insider is a prominent news website which deals with startup news, stories, interview tips, gives the latest update about events and conferences. We aim to provide significant knowledge and information to the people who visit this website.

Contact us for story and interview or advertisement media@startupinsider.in

Categories

  • Events & Conferences
  • Gues Post
  • Interviews
  • News & Updates
  • Press Release
  • Startup Stories

Recent News

Biggbang

How BiggBang Coworking Aims to help Startups in Chandigarh

January 15, 2021
pratik

DigiTecholic, Inc. Founder & CEO Pratik Sinha is India’s ninth youngest self-made millionaire

January 14, 2021
  • About Us
  • Contact Us
  • Interview
  • Share Your Story
  • Advertise with Us
  • Career
  • Privacy
  • Terms of Use

© 2020 Startup Insider

No Result
View All Result
  • Home
  • News & Updates
  • Startup Stories
  • Interviews
  • Events & Conferences
  • PodCast
  • Press Release
  • Gues Post

© 2020 Startup Insider