To fill this gap, the ad-tech sector is growing rapidly. And speaking of ad-tech in India, one name we certainly don’t remember is that of Byju. Today, BYJU’S is one of those instantly recognized Indian brands that is making its presence not only in the country but also internationally. The start-up is India’s only EdTech Unicorn. BYJUs is a platform created by Byju Raveendran. BYJU’s app was developed in 2011 by Think and Learn Private Limited. It is a platform for teachers to teach and learn to the students to learn various educational concepts through the app and to understand them better. It mainly focuses on mathematics and science.
Byju Raveendran is an Indian and hails from Azhikode, a small coastal village in Kerala. He was initially working as an engineer at a UK-based shipping company. In 2003, during a two-month break from a foreign job as a service engineer, Byju decided to help some of his friends in Bangalore for Kat. This was an informal way to help him, and he himself participated in the exam and scored 100 percent. He started teaching some of his friends, and took the exam again in 2005 without any preparation and again scored 100 percent perfect. This time he also appeared for IIM-A, B, C interview and cleared them all. However, decided against pursuing an MBA and instead told students how to teach CAT. It was only by coincidence that he took the entrepreneurial path, but teaching was an option he made.
Gradually and continuously, the number of students increased through word of mouth. In 2007, he taught over 1000 students in an auditorium. Again, no interaction was possible even in an offline format with classes with a large capacity. So, Biju became a force for imagination and concept. They grew from Bangalore to 9 cities. Ravindran would travel to 9 cities in a week to teach and this continued till 2009. Eventually, he switched to fully recorded classes with a “patron” to answer the suspicion after the video. This is how they work today for many of their test prep batches. But it was with the help of some of his students who graduated from IIMs in 2011 that he formed the company Byju.
For BYJU’S only test-taking classes (10+, 12+, CAT etc.) students were transferred from teaching students in the age group. It was integral to the development of the brand from a test and test submission model, a teaching model for teaching and learning for students in age groups.
It was in 2011 that they began creating a core learning product, which is today a part of the app-based format. It took the team almost four years to create high quality content starting in 2011, now available on the learning app, and building the brand that is BYJU’S.One of the reasons that online learning flourished is because of its diverse and unique content. Its video lesson format is highly engaging, with a healthy mix of animation, gamut and live action formats. Since the online app launch, BYJU’S has grown rapidly. In 2018, the company achieved a major milestone, raising funds from Tencent and BCCL and becoming India’s 11th Unicorn Company with a valuation of over $ 1 billion. Earlier this year, BYJU’S announced that it had increased its revenue to Rs 1,430 crore in FY19, and was also profitable on a full year basis. The major factor behind this increase in revenue was reported to be “deep penetration across India and significant growth in the number of paid customers”.
BYJU’s purpose is not to focus only on students who are willing and motivated to learn instead, all being focused on, not impartial. The primary goal of BYJUs is to bridge the gap between the Indian education system and help students fall in love with their learning.
The benefits of taking online courses on Biju’s Teaching App are:
1)You can study anywhere anytime.
2)The mobile application understands student learning behavior.
3)You can review the assignment.
4)Both the instructor and the class are available 24/7.
5)You get access to receive notes and announcements.
6)You discuss questions and take practice quizzes.
7)Students understand it easily after some use.
8)You can chat with fellow students who are taking free online educational courses.
9)Byju’s courses are less expensive than traditional classroom coaching.
10)Byju has recently acquired tutor Vista and Adurite, an online tuition brand. In 2019, Byju became the official sponsor of the jersey of the Indian cricket team.
Baiju Ravindra Achievements:
1)Byju won several awards including CNBC-TV 18 CRISIL Emerging India Award in Education, Big Research NDTV Profit Business and Service Excellence Award, Deloitte Technology Fast 50 India and Fast 500.
2)In 2017, Biju’s app was included at Harvard University as one of its case studies.
3)In 2019, Bajju’s total assets were $ 6.5 billion.
4)The educational mobile app has over 40 million subscribers or registered users and over 12 million downloads on Android’s Play Store in 2019.
Biju Ravendran wants to create a powerful educational product that makes learning more effective and spreads to South Africa, US, UK and Commonwealth markets.
PEOPLE ARE SOME QUESTIONS TO ASK CONSTANTLY ?
1)What is the salary of Byju Raveendran?
> He is in billionaire club this stage, the annual salary figure of Rs 15 crore may feel like a pocket change itself – even though this compensation includes salary and allowances, perquisites, retired benefits and commission.
2)Who is Byju Raveendran wife?
>For an interview, Byju co-founder Divya Gokulnath is not easy to pin down. It took him about eight months to finally agree.It is not that the young entrepreneur, and the wife of Byju Ravendran, the star of Byju, India’s leading edtech platform and unicorn, is reticent.
3)Is BYJU a billionaire?
>Bytek Ravindran, Edtech’s founder BYJU, became India’s youngest billionaire. This year, the 39-year-old debut in the Forbes Billionaires List is estimated at a net worth of $ 1.8 billion.
4)Is BYJU’s an Indian company?
>BYJU’S – is the common brand name of the learning app Think and Learn Private Limited, an Indian educational technology (edtech) and online tuition firm founded in 2011 by Byju Raveendran in Bangalore. In March 2019, it was the world’s most valuable edtech company for $5.4 billion (Rs 38500 crore).
5)Is BYJU funded by China?
>These are investments made by nearly two dozen Chinese tech companies and funds led by giants such as Alibaba, BiteDance and Tencent, including 92 Indian start-ups, including unicorns such as Paytm, Biju, Oyo and Ola. … This includes a $ 300 million investment by MG Motors.
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