In recent years, there has been a staggering increase in the amount of digital learning available in the world. Millions of students are turning to digital platforms to gain access to high-quality education and resources. One of the leading digital learning programs is Byju’s, which has accumulated $1B, $15B, and $200M in investments since its founding in 2015. In this article, we will be exploring the sources of these investments, as well as how Byju’s plans to use them to fuel their growth and content development.
Founders of Byju
Byju’s was founded in 2015 by Byju Raveendran and Divya Gokulnath. Both of them come from technology and teaching backgrounds, which enabled them to develop the highly successful digital learning program they offer today. At the time Byju’s was founded, digital learning was just emerging in India, and the startup was one of the first to make a significant impact.
Endorsements
The company quickly gained traction in the industry and was marketed by various celebrities, including top Indian cricketers like MS Dhoni and Virat Kohli. This enabled Byju to garner the attention of investors and led to multiple endorsements and investments.
Investments
Byju’s has already secured over $1B in investments from prominent venture capitalists such as General Atlantic, Tiger Global Management, Owl Ventures, and others. The company is valued at $15B, making it the most valuable ed-tech company in the world. Byju’s recently secured $200M investment from Mary Meeker’s Bond Capital, which will be used to help them further expand and develop their products.
Future Plans
Byju’s plans to use the additional funds to accelerate the development of its artificial intelligence-based content and assessment technology. The company also intends to focus on reaching more students, with the goal of reaching 50 million students by 2021. Byju’s also plans to expand internationally, with a focus on Latin America and Southeast Asia.
Conclusion
Byju’s has been a pioneer in the ed-tech industry, garnering investments of $1B, $15B and $200M over the past few years. The company intends to use these funds to further expand and develop their products, with the goal of reaching even more students all over the world. This injection of funds will certainly help Byju’s to launch into the forefront of the ed-tech industry.
