Byju is an Indian ed-tech startup founded in 2011 by Byju Raveendran. The company is headquartered in Bangalore. Byju offers online tutoring and test preparation for students in grades 4-12.
In October 2019, Byju raised $150 million in a Series D funding round, led by Qatar Investment Authority (QIA), valuating the company at $4.78 billion. In December 2019, Byju acquired WhiteHat Jr for $300 million.
In January 2020, the company raised $300 million in a Series F funding round, led by South African technology conglomerate Naspers, valuating the company at $10.5 billion.
In August 2020, the company announced that it had raised $500 million in a Series G funding round, led by Silver Lake and Tiger Global, valuating the company at $12 billion.
Products
Byju’s flagship product is Byju’s learning app, which is a personalised learning app that uses adaptive learning technology to offer students a customised learning experience. The app offers video lessons, practice questions, tests, and adaptive quizzes.
Byju’s has also developed Byju’s Classes, an offline coaching service for students preparing for competitive exams such as the IIT JEE and the NEET.
Reception
Byju’s has been praised for its innovative use of technology to deliver personalized learning experiences to students.
The company has been ranked as the most valued ed-tech company in the world and is the first Indian company to be valued at over $10 billion.
In 2019, the company was ranked first in Forbes India’s ‘Startup of the Year’ list.
In 2020, Byju’s was ranked first in Deloitte’s ‘Technology Fast 50 India’ list, a ranking of the 50 fastest-growing technology companies in India.
Controversies
In September 2020, Byju’s was accused of false advertising by the Advertising Standards Council of India (ASCI). ASCI found that the company’s advertisements made false claims about the app’s efficacy, such as ‘Byju’s can help you learn four times faster’, ‘Byju’s can help you score 100% in Board exams’, and ‘Byju’s can make you fell in love with learning’.
ASCI also found that the company’s advertisements were misleading, as they did not adequately disclose the terms and conditions of the free trial offer.
In response to the ASCI ruling, Byju’s issued a statement saying that the company ‘activelly (sic) abides by all relevant laws and regulations’.
In October 2020, the Delhi High Court issued a notice to Byju’s on a plea accusing the company of cheating and illegally collecting data from children’s smartphones. The plea alleged that Byju’s collected data without parental consent and used it for commercial purposes.
The Delhi High Court has also issued a notice to the Central Board of Secondary Education (CBSE) on the same plea.
Byju is an Indian ed-tech startup founded in 2011 by Byju Raveendran. The company is headquartered in Bangalore. Byju offers online tutoring and test preparation for students in grades 4-12.
Related FAQs
- What is Byju’s?
Byju’s is an Indian ed-tech startup founded in 2011 by Byju Raveendran. The company is headquartered in Bangalore. Byju offers online tutoring and test preparation for students in grades 4-12.
- How much is Byju’s worth?
Byju’s is valued at $12 billion as of August 2020.
- What does Byju’s do?
Byju’s offers online tutoring and test preparation for students in grades 4-12. The company’s flagship product is the Byju’s learning app, which uses adaptive learning technology to offer students a customised learning experience.
- What is Byju’s funding?
Byju’s has raised a total of $2.4 billion in funding, from investors such as Naspers, Qatar Investment Authority, and Tiger Global.
- What is 1b capital 15b 200m?
1b capital 15b 200m is a Series G funding round led by Silver Lake and Tiger Global, valuating the company at $12 billion.
