Byju’s is a global company that provides effective and high-quality educational technologies. It offers personalized learning programs for students of K-12, LKG, and UKG, as well as for exams such as JEE, NEET, and IAS. Moreover, Byju’s is a school learning app developer and currently has more than 115 million registered students.
Edtech major Byju’s has raised $700 million at a valuation of $22 billion, involving two separate deals of equity and convertible notes. The new funding round was led by two West Asia-based sovereign wealth funds and large private equity firms. Moreover, a few existing investors have also participated in the round. The edtech major’s co-founder Divya Gokulnath noted that the company is focused on scaling its offline model – the tuition centers – and for that they need investment.
Byju’s was founded in 2011 by Byju Raveendran, Divya Gokulnath, and a group of students. They started by making video learning programs for students. In 2015 the company entered Deloitte Technology Fast 50 India and Deloitte Technology Fast 500 Asia Pacific. Then, in the same year, the Byju App was launched. Due to the pandemic, the company was able to accelerate its growth and bought Akaash and Great Learning. In 2020, Byju’s launched the “Education for All” Initiative for kids from marginalized populations.