• About
  • Contact
Thursday, January 21, 2021
Next Big Brand
  • .
  • News
  • Internet
  • Startup
  • OTT
  • Agency
  • Industries
  • FMCG
  • Automobile
  • Retail
  • Tech
  • Case Study
  • Interview
No Result
View All Result
Next Big Brand
Home Internet

Byju Raveendran Joins The Elite Billionaire Club Of India

Pritish raj by Pritish raj
July 29, 2019
in Internet
3 min read
0
byju-raveendran-next-big-brand

byju-raveendran-next-big-brand-source-newsbug

Share on FacebookShare on Twitter
  • The Chief Executive Officer of BYJU’s joined the elite club after his venture Think & Learn Pvt. Ltd. secured a funding of $150 million earlier this month.
  • The latest backing the company got from is by Qatar Investment Authority.

India has a new billionaire who is an ex-classroom teacher. Yes, we are talking about the man who developed an education app that has grown to a valuation of almost $6 billion in about seven years.

The above-mentioned man is none other than, Byju Raveendran. The Chief Executive Officer of BYJU’s joined the elite club after his venture Think & Learn Pvt. Ltd. secured a funding of $150 million earlier this month.

The journey of Byju Raveendran

Born in the family of school teachers across the southern coast of India, Raveendran went on to become an engineer and then helped his friends crack engineering and management exams.

The classes started getting huge and he started teaching in sports stadiums becoming a celebrity tutor in the process.

He set up Think & Learn Pvt. Ltd. in 2011, offering online lessons. He launched the main app in 2015. The business saw more than 35 million people signing up among which about 2.4 million pay the amount of Rs. 10,000 to Rs. 12,000 as an annual fee. This helped BYJU become profitable in the year ending March 2019. That was when Raveendran decided to look for long term investors. The latest backing the company got from is by Qatar Investment Authority.

In the latest round, Raveendran bought shares in the company to maintain the equity shares.

The company has kept the approach simple- provide content to kids which is short and caters to their fewer attention spans. The company is planning to expand to English speaking countries now.

Teaming Up with Disney

This news comes up with another news of that Byju’s app will team up with Walt Disney Co. and introduce this product to the American market by early 2020.

This will be the biggest leap for the 37-year billionaire. They are introducing a new concept with the Disney, where the cult characters of Disney cartoon world will teach math and English to students of grade one to three. This means from the Lion King’s Simba to Frozen’s Anna will be making learning fun for kids.

“Kids everywhere relate to Disneys’ Simba or Moana, who grip kids attention before we take them through the loop of learning,” said Raveendran.

It’s a readymade audience for the app, as the lessons will be set in the premise of entertainment classic.

Disney Byju- Next Big Brand
Source- Google Play

For example:- To learn shapes, the kids will have to jump in the story of cars where they have to identify car parts such as tires, seats, etc.

With booming Indian online learning market, it is expected to more than double $5.7 billion in 2020. Byju’s own fortunes have climbed alongside the market. Its revenues are expected to more than double to Rs 3000 crore ($435 million) in the year ending March 2020.

Previous Post

Whatsapp crosses 400 million active users in India, says NITI Aayog report

Next Post

ALTBalaji & ZEE5 announce an unlikely content partnership for OTT Users

Pritish raj

Pritish raj

Pritish Raj is a content writer at Next Big Brand. Hailing from the diversified state of Bihar, he is an engineer by education who chooses the way of poetry, photography, and writing to kick off his career. Highly enthusiastic about brands and startups, he aims to be a travel content creator.

Related Posts

Amazon Food Delivery- Next big Brand
Internet

Amazon Launches Food Delivery Service In India, More Competition For Swiggy & Zomato

May 21, 2020
Facebook Shops- Next Big Brand
Internet

Facebook Introduces Facebook Shops For Small Businesses Amid Pandemic

May 20, 2020
Ashok Cherian TikTok- Next Big Brand
Internet

TikTok Has Appointed Ashok Cherian As Marketing Head Of India

May 13, 2020
TikTok Ban Highest Grossing App Security Flaws Popularity- next big Brand
Internet

TikTok Is Highest Grossing Non-Gaming App In April 2020, Followed By YouTube

May 12, 2020
Zoom India User Base Revenue dowloaded app Video Calls Users- Next Big Brand
Internet

Zoom Replaces TikTok To Become Most Downloaded Non-Gaming App

May 8, 2020
India Internet Users- next Big Brand
Internet

India Has More Than 500 Million Active Internet Users: IAMAI

May 6, 2020
Next Post
altbalaji-zee5-next-big-brand

ALTBalaji & ZEE5 announce an unlikely content partnership for OTT Users

Leave a Reply Cancel reply

Your email address will not be published. Required fields are marked *

This site uses Akismet to reduce spam. Learn how your comment data is processed.

RECOMMENDED NEWS

source loudest.in

Indians listen up to 21 hours of streaming weekly on OTT Music Platforms

2 years ago
oyo rooms funding

OYO Raises $1.5 Billion Funding at Valuation Of $10 Billion

1 year ago
Paytm Google Play Store Active Users- Next Big Brand

Paytm is ranked 6th among highest growing companies in APAC Region: FT

9 months ago
Call-Of-Dutu-Mobile-nextbigbrand-in

‘Call of Duty: Mobile’ smashes PUBG record with 100 million downloads in the first week

1 year ago

FOLLOW US

  • 22.4k Fans

BROWSE BY TOPICS

2018 League amazon Amazon Great Indian Sale Amazon Prime Apple Apple Inc Automobile Industry Balinese Culture Bali United Budget Travel Champions League Chopper Bike Doctor Terawan facebook Facebook app future group hotstar Indian OTT Platforms Indian Smartphone Market Istana Negara Jio Market Stories Maruti Suzuki National Exam Netflix Netflix India Netflix Originals oppo OTT OYO Realme Reliance Industries Limited Reliance Jio RIL Samsung Tata Motors Tiktok TikTok India TikTok Videos Visit Bali Vivo whatsapp Xiaomi Xiaomi India YouTube
Next Big Brand

We Talk About Brands

Follow us on social media:

Recent News

  • Cred Founder Kunal Shah Invests in the new Venture of One Plus Co-founder Carl Pie
  • SEBI Approved Much Talked Future Group-Reliance Industries Deal
  • Tata Group is All Set to Acquire 60% stake in BigBasket

Instagram

Follow Me!

Latest News

Cred Founder Kunal Shah Invests in the new Venture of One Plus Co-founder Carl Pie

Cred Founder Kunal Shah Invests in the new Venture of One Plus Co-founder Carl Pie

January 21, 2021
SEBI Approved Much Talked Future Group-Reliance Industries Deal

SEBI Approved Much Talked Future Group-Reliance Industries Deal

January 21, 2021
  • About Us
  • Privacy Policy
  • Terms and Conditions
  • Disclaimer
  • DMCA Policy
  • Our Team
  • Contact Us
  • Sitemap

© 2019 NBB. All Rights Reserved.

No Result
View All Result
  • .
  • News
  • Internet
  • Startup
  • OTT
  • Agency
  • Industries
  • FMCG
  • Automobile
  • Retail
  • Tech
  • Case Study
  • Interview

© 2019 NBB. All Rights Reserved.

Login to your account below

Forgotten Password?

Fill the forms bellow to register

All fields are required. Log In

Retrieve your password

Please enter your username or email address to reset your password.

Log In
This website uses cookies. By continuing to use this website you are giving consent to cookies being used. Visit our Privacy and Cookie Policy.