New Delhi. During the lockdown, Byju’s Learning App has also found a place in the most downloaded education app worldwide from Google Play Store. Byju’s is also included in the top 10 education apps downloaded during this period. Sensor Tower (Sensor Tower Report 2020) has given information about this in a report released for April 2020. Byju’s announced a free learning program after schools and other educational institutions were closed in March 2020.
After this, 60 lakh students joined this learning platform in March. In April, about 75 lakh students started using Byju’s. Due to Covid-19, the trend of online study programs has increased rapidly amid the lockdown.
Byju’s Chief Operating Officer, Mrinal Mohit said, ‘We are fortunate that we have received a positive response even in this crisis. The number of students joining our learning program has increased by 3 times.’
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It was launched in 2015
Byju Ravindran launched the Byju’s Learning App for school children in 2015. In this learning app, one can study about CAT, Civil Service Exam, JEE, NEET and Management Admission Test. Investors have invested heavily in this unique app. Venture capital fund Sequoia Capital and a Belgian investment company invested $75 million. This is the largest investment by any student in India. Education Startup This was the biggest investment ever made by Byju’s. Many other companies have invested heavily in Byju’s.
Ravindran in Forbes 100 Richest Indians list
Last year, Forbes magazine included 6 new names in the Forbes Richest Indians 2019 list. One of these names is 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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Rapidly growing revenue
Byju’s-The Learning App is one of the few startups in the country that has shown 100 percent growth for three consecutive years. In the financial year 2019, the growth of this company increased to 200 percent. Earlier this year, Byju’s announced that the company’s revenue in the financial year 2019 was Rs 1,430 crore. Regarding this tremendous revenue of Byju’s, it is being said that more and more students across the country have started liking this app. The number of paid subscribers of this app is increasing rapidly.
Why is Byju’s becoming increasingly popular?
The most important thing about Byju’s popularity is its learning approach. Animation and gamification are used in the videos of this app, which students like very much. However, for this, the Byju’s team had to work hard continuously for four years. Currently, students spend an average of more than an hour on this app after logging in.
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Tags: Byju Raveendran, Byju’s
FIRST PUBLISHED : June 5, 2020, 17:04 IST