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BTM > Uncategorized > Byju’s From $5.75 Billion In 2019 To $11 Billion In 2020, Still Going Strong…
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Byju’s From $5.75 Billion In 2019 To $11 Billion In 2020, Still Going Strong…

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Last updated: 2023/10/08 at 1:32 PM
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We all have gone through that phase when everyone in the class nods their head in accord, yet you find all a bit offbeat. Every student is different and has his or her level and pace of understanding, and it’s practically impossible for a teacher to take care of each and every student’s level of perception.

Edtech is thankfully finding a way to fill this gap and Byju’s is one such renowned name. Byju’s is a Bangalore-based multinational technology company in ed-tech which was founded by ‘Byju Raveendran’ a B.Tech student and his wife ‘Divya Gokulnath’ in the year 2011. The ed-tech company was launched after 4 years of its inception in the year 2015, after there was hard work and dedication put for effective learning program for classes 1-12, and also for many aspirants who wanted to appear in competitive exams including IIT-JEE, NEET, CAT, GRE, and GMAT. 

A revolution was bought by a unique way of learning besides traditional learning methods. The whole app was developed under Byju’s parent company, Think and Learn Private Limited. Major acquisitions by Byju are listed below.

Byju’s has approximately spent $1.43 billion on the acquisitions. Some of them include:

  1. In January 2019 Byju’s acquired Osmo, an educational game US-based company. It helped Byju’s plan to innovate, explore and set the benchmark for tech-enabled personalized learning solutions.
  2. In 2020 Byju’s acquisition of Whitehat Jr., It is a live online 1:1 platform for coding and math. This made Byju’s leader in the world of coding.
  3. In 2021 Byju’s acquisition of Aakash Educational Services Limited, which was a 33-year-old company with solid curriculum-based coaching for students and test preparatory service for competitive exams. 

When the world was struggling from the COVID-19 pandemic situation and schools were shut down, Byju’s made the app free for students till April 2020. As a startup Byju’s is quite innovative and has earned massive success in the industry. Ti is creating a place where interested students can take the initiative of learning themselves rather than being spoon-fed. As per Forbes list of India’s 100 Richest People (2020), Byju is India’s youngest billionaire with a net worth of $3.05 billion.

Online tuitions can produce better outcomes compared to offline tuitions

Online tuition is the best strait that offers the use of the latest methods and technologies in education and allows children to learn better rather than mere memorization of the syllabus. Your child will be part of online tuition classes that definitely have more advantages and also have a structured way of imparting education based on the learning on the learning capacity of children.

  1. Online learning helps in better retention of concepts by interacting with the teacher through educational video.
  2. Best teachers with experience and are well trained who do not try pressurizing rather makes the concept easy for learning.
  3. Flexible time schedule, the online course is structured as per the curriculum and children have access to the video lectures, for revising the concept on any given topic. 
  4. Children enjoy the luxury of saving time and traveling expenses, this time can rather be used productively for a more meaningful task like learning.
  5. This also promotes a sense of self-discipline and responsibility, as in online learning child is making effort to solve the problem or understand the concept whereas in offline tuitions they totally depend on the teacher.

Excellent initiative by Byju’s for learning of unprivileged enthusiasts

Wondering what your old mobile phone is worth?

Well, it could open a whole new world of learning for some child who is keen to learn but can’t afford to. Your outdated tab could update a child’s future dreams for learning. By just sparing your touch screens you can make a whole lot of difference by touching the lives of the child who is equally enthusiastic to learn and move forward. This is one of the best initiatives one can ever make.

Byju’s Give Initiative is a step toward Education for all missions. Lets everybody from every corner of the country make effort and this will empower 5 million children from underserved communities to have quality learning by 2025! It’s a great mission everyone can contribute towards. You can become a change-maker through the simple gesture of giving the old devices that are of no value for you lying in corner of your house. 

• You can sign up to give away your old and unused Smartphones and tablets.

• It will repurpose your old device, upgrade it with BYJU’S learning content.

• Your updated device will be given free of cost to an underprivileged student.

• Devices that cannot be refurbished will be processed as e-waste.

Let all of us make this happen toward giving chance to these smart kids to learn and fulfill their dreams. 

Awards and recognitions:

Byju’s came a long way, some of the biggest companies in India and media groups have recognized and now it makes a big difference in imparting education. Some of the well-known awards for Byju’s are:

  • Winner of the CNBC-TV 18 Crisil Emerging India Award (Education)
  • Winner of Big Research NDTV Profit Business & Service Excellence Award
  • Winner of Deloitte Technology Fast 50 India and Fast 500 Asia Award (2012, 2013 & 2014)
  • Winner of ET Now Education Excellence Award

Recently Byju’s has introduced two teacher models 

One expert teacher will offer conceptual clarity while the second teacher will solve doubts on the online education platform. The company said in a statement:

“With the two-teacher advantage, students are taught by one expert teacher who uses strong visuals and storytelling to explain topics in-depth to ensure conceptual clarity, while the second teacher solves instant doubts, pays individual attention and makes the sessions interactive and engaging”.

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admin October 8, 2023 October 8, 2023
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