BYJU: One of India’s most valued start-up & its noble act
BYJU is a learning application solely made for students from 4th to 12th Standard. Based in Bangalore, Byju was founded by Byju Raveendran in 2011. The educational app trains students for competitive examinations as well, such as NEET, CAT, IAS, IIT-JEE and international levels exams like GRE and GMAT. Byju’s USP is its visually explained concepts with the use of modern digital animations and moving illustrations, all immerse in a short film.
One of India’s most successful start-up has recently raised $25 million through its live investor general Atlantic in the latest round of finance, growing its estimated value to $5.4 billion. The funding mad Byju’s the fourth most valued startup in India. The firm previously had raised $540 million from investors with an estimated value of $3.6 billion in December 2018.
Byju is the first Asian firm to get investment from Chan Zuckerberg Initiative(CZI). Other major investors have been Sofina, Times Internet, Verlinvest, Aarin Capital and Sequoia.
According to the Ministry of corporate affairs (MCA), the new investment course will evaluate the 36% promote stake led by founder Byju Raveendra at $1.9 Billion. After this, Raveendra along with his wife Divya Golkulnath and Brother Riju would be the wealthiest entrepreneurs in the world. With its booming success, Byju is soon planning to hit the international market by releasing its product possibly within this year. Their major targets will be the USA, United Kingdom, and Australia.
Early this month, Byju announced that they would be dispensing learning programs to children of the late CRPF personnel who were killed in the remorseless terror act in Pulwama, Jammu & Kashmir. The courses will be associated with the school syllabus of the students and will be pre-installed in a tablet provided to them. Each device will be installed with Byju’s learning application which can be used through the whole schooling period.
While making the announcement of this noble deed, CEO Raveendran said, “We would like to enlarge our assistance towards the schooling of children of the late soldiers of the unkind Pulawama incident. It would be our honor as an educational firm to help these kids whose parents lost their lives for our nation.”
The Team of Byju’s The Learning App have assured that they would reach the families in grieve with the help of the Central Reserve Police Force (CRPF) welfare.
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