Friday, November 22

Tag: Byju Raveendran

EdTech Co. Byju’s Crosses Rs 100 Cr Monthly Milestone
21Jun By Gauri SinghNo Comments
BUSINESS

EdTech Co. Byju’s Crosses Rs 100 Cr Monthly Milestone

India’s top online education startup Byju’s has touched the revenue milestone and has crossed the monthly earning of Rs 100 crores last month. The company now aims to grow more and has set a target revenue of Rs 1400 crores this year. The Bengaluru-based company claims that it has 20 million registered students and 1.26 million annual paid subscribers on its learning app. The app also has an addition of 1.5 million registered students every month. According to the reports, for the past three years, Byju’s has been growing 100% annually since the launch of its app in 2015. “Last month we crossed Rs 100 crores in revenue. With a consistent 20% month-on-month growth, we expect to finish this year with Rs 1400 crores in revenue. The launch of the personalized version of our app last year, ...
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Member of World Bank Group Invested in India’s Online Education Startup BYJU’s
21Dec By NitishNo Comments
FUNDING

Member of World Bank Group Invested in India’s Online Education Startup BYJU’s

IFC, a member of the World Bank Group, today said it has invested $15 million in online education startup BYJU's. This partnership will enable BYJU's to further their plans to make quality education accessible for students across the nation as well as in international markets, International Finance Corporation (IFC) said in a statement. In September, BYJU's had raised USD 50 million from a clutch of investors, led by Chan Zuckerberg Initiative (CZI) and Sequoia Capital. BYJU's has also raised USD 9 million from Aarin Capital in 2013, followed by Series B funding of USD 25 million from Sequoia Capital last year and a USD 75 million fund raise from Sequoia Capital and Sofina earlier this year. "The investment from IFC recognises our commitment to create world-class learning programs th...
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