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The Silicon Review Asia

Byju’s-The Learning App closes a new round of funding, making its founder a billionaire

Byju’s-The Learning App closes a new round of funding, making its founder a billionaire

India is a rapidly developing market for numerous types of internet-based services owing to its enormous population of over 1.3 billion people and mobile internet that is cheap and reasonably fast. In light of the gaping holes in India’s education system, it should come as no surprise that an e-learning platform has taken the country by storm, achieving a multi-billion dollar evaluation and making its founder a billionaire.

Byju’s – The Learning App was founded in 2011 by ByjuRaveendran and initially catered to providing tuitions for school students. As his popularity grew, ByjuRaveendran decided to start a company and launch an e-learning platform to help millions of school students learn better and faster. The company landed an amazing $150 million in the latest round of funding earlier this month, propelling its evaluation to a cool $5.7 billion. ByjuRaveendran holds a 21% stake in the business, thereby making him a billionaire.

Byju’s has also announced that it would be teaming up with Walt Disney Co. in order to tap the American market.  In a brilliant streak of creativity, Byju’s app would feature some of the most recognizable Disney characters like Simba from Lion King and Princess Anna from Frozen teaching basics of mathematics to primary school students.

According to Raveendran, this method of learning would help students who have a shorter span of attention.   

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