BYJU's is a company that offers a platform for users, namely students, to learn online with full programs and exam preparation classes. The company utilizes all original content, interactive videos and simulations, as well as animations for students.
The platform was founded in 2008, in Bengaluru, India. Byju Raveendran and Dyvia Gokulnathare the co-founders of the company, with Byju as CEO.In January of 2019, BYJU's bought Osmo for $120 million with the aim of expanding globally. Osmo is a company geared around the education of younger children. This purchase was in means of reaching a broader ranger of customers.
After the buying of Osmo, BYJU's released a Disney-BYJU's Early Learn app that was created with the purpose of educating children from the ages of six to eight. There are personalized learning programs that incorporate Disney stories and characters. A parental reporting system is also included which is meant to give parents real-time feedback through digital worksheets.
Due to this, the company believes it possible to boost its revenue by three times in FY19, making it a profitable company by a yearly basis. With the addition of Osmo and Disney-BYJU's, an expansion of knowledge the platform throughout India came about. The platform allows students to have access across all of India despite language differences between regions. This is due to a set standard of learning content as well as teachers.The company expects to triple its revenue to reach up to $250 million.
In 2019, BYJU's annual revenue was USD $188 million.
BYJU’S acquires Osmo for $120M
BYJU'S-The Learning App debuts.
Think & Learn (Byju's)
Documentaries, videos and podcasts
- CompanyA company, abbreviated 'co.', is a legal entity made up of an association of people, be they natural, legal, or a mixture of both, for carrying on a commercial or industrial enterprise.
- Unicorn (finance)A privately held startup company with a valuation above $1 billion.
- Cluster: Educational technologyA cluster of topics related to the use of technology in education to improve learning and teaching.