Byju 1b 15b
Byju 1b 15b, the Indian edtech giant, has raised $1.5 billion in its latest funding round, valuing the company at $15 billion. The company has seen a surge in demand for its online learning platform due to the COVID-19 pandemic, which has forced schools and colleges to shut down. In this article, we will take a closer look at BYJU’s and its latest funding round.
BYJU’s Funding Round:
BYJU’s latest funding round was led by UBS Group AG, Blackstone Group Inc., and Zoom Video Communications Inc. The company plans to use the funds to expand its product offerings, hire more teachers, and expand into new markets. BYJU’s currently has over 57 million registered users and 3.5 million paid subscribers. The COVID-19 pandemic has been a boon for BYJU’s as more students are turning to online learning platforms. The company has seen a 60% increase in the number of students using its platform since the pandemic began. BYJU’s has also launched several new products, including a coding platform and an online tutoring service.
BYJU’s Business Model:
BYJU’s offers a range of online learning products, including video lessons, interactive quizzes, and practice tests. The company’s flagship product is its learning app, which offers courses for students from kindergarten to 12th grade. The app uses a mix of video lessons, interactive quizzes, and gamification to make learning fun and engaging. BYJU’s also offers a range of test preparation courses for competitive exams such as the JEE, NEET, and CAT. The company has partnered with several schools and colleges to offer its products to students.
BYJU’s latest funding round is a testament to the growing demand for online learning platforms. The company has seen tremendous growth in recent years and is now valued at $15 billion. With the COVID-19 pandemic forcing schools and colleges to shut down, more students are turning to online learning platforms like BYJU’s. The company’s innovative products and business model have made it a leader in the edtech space, and it will be interesting to see how it continues to grow in the coming years.