After this, 60 lakh students joined this learning platform in March. In April, around 75 lakh students started using Byjus. The trend of online study programs has risen rapidly amid the lockdown due to Kovid-19.
Mrinal Mohit, COO of Byju’s, said: “We are fortunate to have gotten a positive response in this crisis as well. The number of students joining our apprenticeship program has increased 3-fold.
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was released in 2015
Byju’s Learning App was launched by Byju Ravindran in the year 2015 for schoolchildren. From CAT, Civil Services Examination, JEE, NEET to Management Admission Test can be read in this learning app. Investors have invested hand in hand in this unique application in itself. Venture capital fund Sequoia Capital and a Belgian investment company had invested $75 million. This was the largest investment in any education startup in India so far. Many other companies have invested heavily in Byju’s.
Ravindran in Forbes 100 Richest Indians list
Last year, 6 new names were included in Forbes Magazine’s 100 Richest Indians 2019 list. One of these names is the name of Byju Ravindran, the 38-year-old founder of Byju’s – The Learning App. Today we are going to tell you about the success story of Byju’s.
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fast growing revenue
Byju’s-The Learning App is one of the few startups in the country, which has grown at 100% for three consecutive years. In fiscal year 2019, the growth of this company increased to 200 percent. Earlier this year, Byju’s stated that the company’s revenue in FY2019 amounted to Rs 1,430 crore. Regarding this tremendous income of Byju, it is said that more and more students from all over the country have started to like this app. The number of paid subscribers of this app is increasing rapidly.
Why Byjus is becoming more and more popular?
The most important thing about Byju’s popularity is the learning approach. Animation and gamification are used in the videos in this app, which students like very much. However, for this, the Byjus team had to work hard continuously for four years. Students currently spend an average of over an hour after logging into this app.
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Tags: business news in hindi, Byju Raveendran, BYJU, Lockdown
PUBLISHED FOR THE FIRST TIME : June 05, 2020, 17:04 IST