June 29, 2020
After successful testing Indian EdTech firm Byju’s has launched after school lessons
Byju’s, an Indian EdTech firm has launched an online tuition program. The Bengaluru based company launched ‘BYJU’S Classes’ which will connect students with dedicated teachers. Students will be able to choose between weekday and weekend lessons in maths and science. The lessons will be available for students preparing for national exams including JEE and NEET, as well as those studying maths and science in classes 4 -12.
Recently Byju’s announced that it has become a decacorn following an investment round led by Silicon Valley venture capitalist Mary Meeker’s Bond Capital. The investment of $100 million raises the valuation of Byju’s to $10.5 billion. In the coming months it is planning to recruit an additional 4000 employees and introduce new courses in history and geography. Byju’s has over 57 million registered students and offers online learning content for students from KG through 12th grade.
Other investors in Byju’s include Facebook’s Mark Zuckerberg, South African private equity firm Naspers and Chinese conglomerate Tencent. In 2019 it developed a partnership with Disney to launch an app for young children. During the Covid-19 pandemic it moved towards a freemium model and this resulted in a 14 million surge in enrolments since March. It is now hoping to establish itself and stand out in the fragmented after school tuition market.
“ As the world gears up to embrace the new normal, we believe that a student’s education must be a priority in every sense. Our new product, ‘BYJU’S Classes’ will offer what every student and parent needs today – access to classes from the best teachers in the country, instant doubt resolution and a personalised one-on-one mentor to guide them along their learning journey ” Divya Gokulnath, Co-founder, BYJU’S
More information can be accessed here: https://byjus.com/
You can learn more about EdTech here: https://global-edtech.com/edtech-definitions-products-and-trends/