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For 84 per cent professionals in the country, <keyword id="294572" type="General" weightage="20" keywordseo="Machine-learning" source="Orion">machine learning</keyword> (ML) followed by <keyword id="66017" type="General" weightage="20" keywordseo="statistics" source="Orion">statistics</keyword> are the two most in-demand skills that recruiters are looking for in data science professionals, a report said on Tuesday. <keyword id="61204" type="General" weightage="80" keywordseo="python" source="Orion">Python</keyword> remains the most used programming language across all sectors and MS Excel, Tableau and <keyword id="2431547" type="General" weightage="80" keywordseo="power-bi" source="Orion">Power BI</keyword> are the top three visualisation tools used by data science professionals, according to the report by <keyword id="6559242" type="General" weightage="80" keywordseo="great-learning" source="Orion">Great Learning</keyword>, a <keyword id="2900267" type="General" weightage="80" keywordseo="byju" source="Orion">BYJU</keyword>'s group company. "For professionals looking to thrive in a digital-driven future, setting a foundation for the right data science skills needs to start now to weather the changes that are to come," said Hari Krishnan Nair, Co-founder, Great Learning. This domain has impacted the way companies and businesses function and professionals who upskill in this field have a chance to become prime candidates in lucrative industries, he added. Two out of three professionals with zero-three years of experience said recruiters consider data visualisation as a "must-have skill". Three in four data science professionals with less than three years of work experience engage in upskilling weekly, while more than 50 per cent professionals in the three-six years bracket upskill weekly. Professionals with 6-10 years of experience prefer to upgrade their skills quarterly, the report mentioned. Sector-wise, professionals in retail, Consumer packaged goods (CPG) and e-commerce are more inclined to learn cloud technologies as a new skill. Of the host of programming languages, 90 per cent data science professionals use Python as their choice for statistical modeling, the report noted. SEE ALSO: <a target="_blank" class="c-link c-message_attachment__title_link" href="https://www.businessinsider.in/careers/news/companies-are-hiring-more-hr-people-and-thats-good-news-for-employees/articleshow/93434372.cms">Companies are hiring more HR people and that’s good news for employees</a> <a target="_blank" class="c-link c-message_attachment__title_link" href="https://www.businessinsider.in/business/news/laal-singh-chaddha-raksha-bandhan-flop-show-can-impact-on-revenue-of-pvr-and-inox-in-second-quarter-of-2022-23/articleshow/93438735.cms">Bollywood’s flops now pose a big risk to multiplex chains</a>

Machine learning and statistics are the most important skills required for data science jobs in India, says report

<ul><li>Gold medalist <keyword id="1115774" type="General" weightage="20" keywordseo="Neeraj-Chopra" source="Orion">Neeraj Chopra</keyword> and Bronze medalist <keyword id="501707" type="General" weightage="80" keywordseo="pv-sindhu" source="Orion">PV Sindhu</keyword>’s remarkable feat at the Tokyo Olympics has inspired an entire generation of youngsters to dream big, chart their own path, and never give up.</li><li>To inspire the young generation and target young kids, <keyword id="6384897" type="General" weightage="20" keywordseo="byjus" source="Orion">BYJU's</keyword> <keyword id="12652768" type="General" weightage="80" keywordseo="early-learn" source="Orion">Early Learn</keyword> App has onboarded medalists Neeraj Chopra and PV Sindhu as the brand ambassadors.</li></ul>BYJU’S today announced a two-year partnership with Olympic medalists Neeraj Chopra and PV Sindhu as the brand ambassadors for Disney, BYJU’S Early Learn app. Gold medalist Neeraj Chopra and Bronze medalist PV Sindhu’s remarkable feat at the Tokyo Olympics has inspired an entire generation of youngsters to dream big, chart their own path, and never give up. Their inspiring achievements assimilate with BYJU’S values of hard work, dedication and lifelong learning. Over the next two years, the medalists and the team at BYJU’S will focus their efforts on helping young minds fall in love with learning. BYJU’S believes that fuelling curiosity in children at a young age builds in them a strong foundation and an innate love for learning. In this journey, sports play an equally crucial role in teaching children important life lessons such as teamwork, determination, communication, and more. Reflecting on the new association, Olympic gold medalist Neeraj Chopra said, "I am very excited to join hands with BYJU’S for Disney, BYJU’S Early Learn app along with PV Sindhu and contribute towards making learning fun, engaging, and effective for young minds. As a sportsperson, there is nothing more encouraging than to see children start learning young while getting the chance to bring them with the right values.” Speaking about the partnership, two-time Olympic medalist PV Sindhu said, “I have always believed that today’s children are tomorrow’s future and this association with BYJU’S for Disney.BYJU’S Early Learn app is a great opportunity. The app helps to shape young minds and help them explore, practice, and understand concepts through interactive learning.” Atit Mehta, Marketing Head, BYJU’S said, "It is our honour to be partnering with India's Olympic heroes Neeraj Chopra and PV Sindhu for Disney.BYJU’S Early Learn app. Their hard work and dedication have made India proud on a global stage. At BYJU'S, we firmly believe that if you are passionate about something, it is crucial to be persistent and work hard for it from the very beginning. Both Neeraj and Sindhu perfectly exemplify this belief. This partnership between the two elite athletes and BYJU'S is a step towards ensuring that our long-term vision of making students fall in love with learning remains intact." Launched in 2019, Disney.BYJU’S Early Learn app is a special offering from BYJU'S in collaboration with Disney India which makes learning fun, engaging, and effective for young minds. The app offering is built on the content expertise of BYJU’S, enhanced with Disney’s engaging stories and beloved characters. Targeted at children aged 4-8 years, the personalised experience of the learning programs offers customised smart interactive journeys that seek to adapt to individual learning patterns. The application features Disney’s timeless stories and characters, including those from Disney Princess, Frozen, Cars, Toy Story, Lion King, and more. Disney.BYJU’S Early Learn program also offers a first-of-its-kind integration of offline to online ‘learn by doing’ experiences with digitally enabled worksheets that offer real-time feedback. The app creates a friendly environment and transports young minds to a world of interactive videos, educational games, engaging quizzes, and activities, ensuring that the young students never lose the spark of curiosity that draws them towards learning.

BYJU's Early Learn App, Disney onboards Olympic medalists Neeraj Chopra and PV Sindhu as its brand ambassadors

Dubai, The <keyword id="46227" type="COMPANY" weightage="20" keywordseo="International-cricket-council">International Cricket Council</keyword> (<keyword id="6355164" type="UNKNOWN" weightage="20" keywordseo="ICC">ICC</keyword>) on Monday announced edtech company <keyword id="2900267" type="COMPANY" weightage="20" keywordseo="Byju">BYJU</keyword>'S as their <keyword id="66877" type="ORGANIZATION" weightage="20" keywordseo="Global-partner">global partner</keyword> from 2021 to 2023. The three-year agreement will see BYJU'S partner all ICC events over the period, including the forthcoming <keyword id="44040" type="COMPANY" weightage="20" keywordseo="T20-World-Cup">T20 World Cup</keyword> in India and the Women's World Cup in New Zealand. As a global partner, BYJU'S will have extensive in-venue, broadcast and digital rights across all ICC events, ICC stated in a media release. BYJU'S will also work closely with the ICC to deepen engagement with fans through the creation of innovative campaigns. "We are excited to have BYJU'S on board as one of our global partners and look forward to having a great innings together. <keyword id="1521" type="COMPANY" weightage="20" keywordseo="Cricket">Cricket</keyword> is a sport where resilience, perseverance and conviction are crucial qualities and the partnership with BYJU'S will allow that to be fostered by a wider audience both young and old," said ICC chief executive Manu Sawhney. "It is a matter of pride for us as an Indian company to represent our nation on a global platform like this. Just as cricket inspires billions across the world, we too as a learning company hope to inspire the love of learning in every child's life," said Byju Raveendran, founder and CEO, BYJU'S. In August 2019, the company became the official jersey partner of the Indian cricket team. SEE ALSO: <a href="https://www.businessinsider.in/business/auto/news/apples-talks-with-hyundai-and-kia-for-autonomous-cars-may-have-crashed-early/articleshow/80742934.cms">Apple's talks with Hyundai and Kia for autonomous cars may have crashed early</a> <a href="https://www.businessinsider.in/tech/mobile/news/oneplus-9-pro-new-flagship-smartphone-expected-price-specification-and-launch-date-leaked/articleshow/80742720.cms">This could be the next OnePlus flagship smartphone</a> <a href="https://www.businessinsider.in/business/startups/news/dailyhunt-josh-raises-100-million-from-qatar-investment-authority-just-two-months-after-google-and-microsoft-made-it-a-unicorn/articleshow/80744070.cms">DailyHunt's Josh raises $100 million from Qatar Investment Authority – just two months after Google and Microsoft made it a unicorn</a>

ICC announces edtech unicorn BYJU'S as its global partner for three years

<ul><li>BYJU’S will work closely with the ICC to deepen engagement with fans through the creation of innovative campaigns.</li><li> In August 2019, the company became the official jersey partners of the Indian cricket team.</li></ul>The <keyword id="46227" type="ORGANIZATION" weightage="20" keywordseo="International-cricket-council">International Cricket Council</keyword> (ICC) announced BYJU’S their global partner from 2021 to 2023. The three-year agreement will see BYJU’S partner all ICC events over the period, including the forthcoming ICC Men’s T20 World Cup in India, and the ICC Women’s Cricket World Cup in New Zealand. As a global partner, BYJU’S will have extensive in-venue, broadcast, and digital rights across all ICC events. In addition to the integrated brand presence at some of the world’s biggest sporting events, BYJU’S will work closely with the ICC to deepen engagement with fans through the creation of innovative campaigns. In August 2019, the company became the official jersey partners of the Indian cricket team. Manu Sawhney Chief Executive, ICC said, "We are excited to have BYJU’S on board as one of our global partners and look forward to having a great innings together. Cricket is a sport where resilience, perseverance and conviction are crucial qualities and the partnership with BYJU’S will allow that to be fostered by a wider audience both young and old. BYJU’S has been an ardent supporter of cricket in India and we are glad to be partnering with a strong, young, and dynamic Indian brand that has been inspiring millions of students to dream big. We look forward to the successful convergence of education and sports and hope to reach the hearts and minds of millions of young cricketing enthusiasts through this partnership.” <keyword id="1702989" type="PERSON" weightage="20" keywordseo="Byju-Raveendran">Byju Raveendran</keyword>, Founder and CEO, BYJU’S said, “We are excited to partner with ICC in championing world cricket. Sports is a big part of life for most Indians and cricket, in particular, holds a very special place in our hearts. It is a matter of pride for us as an Indian company to represent our nation on a global platform like this. Just as cricket inspires billions across the world, we too as a learning company hope to inspire the love of learning in every child’s life.”

ICC announces BYJU's as a global partner until 2023

Edtech major BYJU'S on Wednesday announced several measures to bolster its <keyword id="3658" type="General" weightage="50" keywordseo="india" source="Orion">India</keyword> business, saying that its K-10 business, which includes Toppr, <keyword id="1573710" type="General" weightage="50" keywordseo="meritnation" source="Orion">Meritnation</keyword>, <keyword id="192259" type="General" weightage="50" keywordseo="tutorvista" source="Orion">TutorVista</keyword>, <keyword id="14957" type="General" weightage="50" keywordseo="scholar" source="Orion">Scholar</keyword>, and HashLearn platforms, will now be consolidated as one business unit. To avoid redundancies and duplication of roles, the move will result in five per cent of its 50,000-strong workforce (about 2,500 people) being "rationalised across product, content, media, and technology teams in a phased manner", the company said in a statement. Aakash Educational Services and Great Learning will continue to function as separate organisations, the company said in a statement. "As a mature organisation that takes its responsibility towards investors and stakeholders seriously, we aim to ensure sustainable growth alongside strong revenue growth. These measures will help us achieve profitability in the defined time frame of March 2023," said Mrinal Mohit, CEO, BYJU'S India business. At a group level, BYJU'S said its top priority is to achieve "overall profitability by March 2023". Over the last three years, BYJU'S acquired multiple companies whose integration with its core business is now complete. BYJU'S said at the group level, it will continue to hire across all levels and will end this financial year as a net hirer. The company plans to hire a total of 10,000 more teachers in the coming year, adding to its current strength of 20,000 teachers. It said it is expanding its teams along with hiring senior leadership to further build operational strength. The company said there will also be re-targeting of the marketing budget towards more efficient growth. "Since significant brand awareness has been created in India over the past few years, there is a scope to optimise marketing budgets locally and prioritise spending to increase brand awareness in overseas markets," the company said. BYJU'S said it is also reinventing its sales model to focus more on inside sales, using video calling platforms which in turn will enhance customer experience and reduce operational costs. Multiple inside sales hubs will now be created across India from where BYJU'S sales associates will reach out to incoming leads through calls, email, and <keyword id="10296" type="General" weightage="50" keywordseo="zoom" source="Orion">Zoom</keyword> meetings. Inside sales will lead to higher customer satisfaction and lower costs. "None of these measures will have any impact on our revenue run rate," said Mohit. After six stressful and tough months, the company's Co-founder Byju Raveendran recently said that "the worst is finally over" and there is only "growth ahead" as seen in the company's FY22 financial results, where it logged Rs 10,000 crore in gross revenues. BYJU's last month paid the remaining dues of nearly Rs 1,983 crore (over $245 million) to global VC firm Blackstone in the $1 billion acquisition of Aakash. SEE ALSO: <a target="_blank" class="c-link c-message_attachment__title_link" href="https://www.businessinsider.in/business/corporates/news/hcl-techs-net-profit-rises-6-3-sequentially-increases-fy23-revenue-guidance/articleshow/94813269.cms">HCL Tech’s net profit rises 6.3% sequentially, increases FY23 revenue guidance</a> <a target="_blank" class="c-link c-message_attachment__title_link" href="https://www.businessinsider.in/business/news/intel-plans-major-layoffs-this-month-as-pc-sales-nosedive-report/articleshow/94813156.cms">Intel plans major layoffs this month as PC sales nosedive: Report</a>

BYJU's consolidates India business, 5% workforce to be 'rationalised' across teams

<ul><li>Since the beginning, BYJU’S secret has been to focus on engagement and effectiveness. It has made learning fun for students by adding videos, interactive media, and gamification on its platform.</li><li>It all started when Byju Raveendran, Founder and CEO, identified a gap between how the concepts are learned and how it should be learned by students in India. </li><li>BYJU’S plan now is to ‘expand to international markets, achieve scale and build a global brand while simultaneously working on creating learning programs in regional languages to provide access to quality content and teachers to the students even in the remotest parts of the country.’ </li><li>Mrinal Mohit, Chief Operating Officer and Head of Sales and Marketing, BYJU’S shares his vision for making the platform an industry leader, content marketing mantra, and revenue goals for the year. </li></ul>For a relatively non-existent segment that started shaping up a decade ago, BYJU’S has come a long way in a short span of time. India has around 3500 edtech startups and BJYU’S has an edge for it is the fourth-highest valued company -- placed at $5.7 billion. BYJU’S added 40 million registered users onto its platform and 2.8 million paid subscribers this year; nearly doubling from 1.26 million in June 2018. It also became profitable in 2018 – cut down its losses by over 76% to ₹8.8 crore from ₹37.1 crore. It is now eyeing to be a ₹3000 crore brand by end of the fiscal year. It is all set to become the leader of edtech industry. The company plans to do so by adding more regional languages, spreading awareness around its platform with omni-channel approach, and deeper penetration across India. Mrinal Mohit, Chief Operating Officer and Head of Sales and Marketing, BYJU’S – The Learning App shares the secret of achieving fame so soon, advantages of tying up with cricket tournaments, developing a brand from scratch on the back of strong marketing tools, leveraging the strength of population by going deeper in markets, revenue goals, and much more. Excerpts: How has the year been so far for BYJU’S? Earlier in the year you announced that you had become profitable, a first in the consumer internet start-up space. What helped you achieve this, which is no mean feat? At BYJU’S, we understood the challenges the ecosystem faces and one of the key challenges we could address immediately and effectively is the method with which students consume knowledge and information. We began the journey with conviction and understood the potential to bring in transformational change with respect to the format for interaction and learning. The core challenges traditional education formats face are (a) good teachers are hard to find at scale (b) ability for personalization is limited (c) format of learning (rote memorization vs. wanting to learn). Our approach from a content creation perspective has always been to focus on engagement and effectiveness i.e., if it will be useful to students and it will be used by students. We approach subjects by first identifying concepts and curriculum that need to be covered and then identifying the best mode to teach these concepts be it through video, gamification or interactive media. With over 40m downloads, 2.8m paid users, and average engagement time ~ 71 minutes, our approach, both in terms of engagement and effectiveness, has been received positively by students, parents and education providers which is helping propel our growth. We have been fortunate to reach scale relatively quickly due to our student and learning-focused approach and are increasing year-on-year which is helping us achieve progressively higher earnings, enabling us to invest more organically in improving engagement and effectiveness in the product. There is no real playbook for success here and our approach has been based on first principles, especially since this was a relatively non-existent segment a couple of years ago. Everything we learnt was first hand – from business model tinkering, expansion, to raising funds. BYJU’S has been aggressively marketing itself in the recent past, be it the advertising during this year’s world cup or replacing Oppo to find a place on the jerseys of Indian players. As a learning company, we have always recognised the critical role that sports play in a child's development. They teach you unmatched life-skills and crucial lessons like teamwork and collaboration. Cricket is the heartbeat of India and as a platform, gives us unmatched reach to even the deepest parts of the country. Our focus is to go deeper into India and make better learning experiences accessible to students who need it the most. We are thrilled about being the jersey sponsors of the Indian Cricket Team. Just as cricket inspires a billion budding dreams across India, we too as a learning company hope to inspire the love of learning in every child's heart. What kind of investments are you keeping aside for marketing this year? Your FY18 advertising spends was up 77% at Rs 188.5 crore. What kind of money did you spend in the current financial year? What was the percentage increase? During our campaigns around cricket matches, we have noticed a big spike in the number of downloads we see. In fact, our last set of advertisements with Shah Rukh Khan received the highest recall among celebrity endorsements during the 2019 ICC World Cup Cricket, according to a survey by the Indian Institute of Human Brands (IIHB). Our daily organic downloads are close to 50,000-60,000 and the marketing expenditure has gone up over the year, on the back of an increase in revenue. However, the cost of customer acquisition has dropped to 25%. For digital, we use a combination of channels including display, banner besides advertising on YouTube. Additionally, we also use TV, print and outdoor. What role has advertising played in cementing a place in the hearts and minds of Indian consumers? Our advertisements celebrate the power of visual learning and is aimed at helping our end users understand how it could be beneficial for them. TV has helped us reach out to our primary and secondary customers - i.e.; children and their parents, across geographies. Advertising on TV has primarily helped us with customer acquisition, i.e. increased downloads, while we have specifically used print medium to explain the how and the why of the app to our target audience. From the very beginning, we were able to measure the ROI from our ad campaigns, through downloads, subscriptions, etc. Our campaigns were based solely on where the product stood at a certain time and if it made sense for us to scale up or reach out to a wider audience then. We are very paranoid about the performance of an ad; if we see it performing well, we are ready to invest. There is a direct link in how downloads spike with ad campaign releases. With regards to mediums, we have seen that TV when used simultaneously with social media amplifies our ROI. Hence, we also share timely and relevant communication across our social media handles to reach out to a large set of audience and create awareness about our brand offerings. Considering you had taken on Shah Rukh Khan as an ambassador pretty early on in your journey. You also roped in actor Mahesh Babu to target Telangana and Andhra Pradesh. How did this help in winning your consumer’s trust? It was great to have Mahesh Babu and Mohanlal associate with us and spread the message that conceptual and life-long learning is far superior to learning by rote. We believe that every region, especially in South India, is really unique and it is crucial that we customize our message to truly gain mindshare here. Both the ad campaigns highlighted evolving learning habits of students and celebrated the long-term benefits of conceptual understanding. Our TVCs were specially targeted at the Telangana and Andhra Pradesh and Kerala respectively to connect with parents and help them understand real, tangible benefits of technology powered learning. The core objective of our TVCs was to address the apprehension among parents and show them the real advantage of learning through a product like the BYJU’S Learning App. Mahesh Babu and Mohanlal’s immense popularity and credibility amongst parents and children in the respective regions made them a perfect fit for our brand. What kind of uptake has BYJU’S been seeing among parents and children? Can you share some user figures with us, and where do you aim to take this number to, in the next few years? Today we have over 40 million registered users and 2.8 million paid subscribers; nearly doubling from 1.26 million in June 2018. The average number of minutes a student spends on the app has increased from 64 minutes to 71 minutes everyday from across 1700+ towns/cities. More than 60% of our students are from outside the top 10 cities. But there is still a long way to go before we call this a learning revolution. India today has the largest K-12 education system in the world, with around 300 million school going population. Going forward, there will be a strong focus to further accelerate our reach and create awareness about digital learning in deeper parts of India. This is one segment where the real fun is not in creating a billion dollar company, but in creating a billion thinkers and learners. When you launched the platform, what was your vision? How has that vision evolved over the years? What BYJU’S stands for now for you and what is the BYJU’S of the future? The main idea behind starting BYJU’S was to make learning accessible, effective, engaging and personalized for everyone. We noticed that there was a huge gap in the way students learn and how concepts should be learnt. In a traditional, face to face learning set up, access to high-quality education and personalization of learning has always been an issue. In our system, children are still getting trained to solve questions and not ask questions. Learning happens because of fear of exams, and not for the love for learning. Students memorize and forget after exams. The need of the hour is for a product that brings the childlike curiosity back in students and makes them look forward to learning something new everyday. When we launched, learning was not actively taking place through digital media, even though children were browsing on the internet and watching videos online. This medium was not viewed as a reliable learning source. We have managed to change that and have created and established the ‘app learning’ segment. Our vision is to now be viewed as not just a ‘digital learning’ medium but the leaders of the ‘learning at home’ segment. By 2020, we would like to transform into a learning at home platform. Everything a student needs to learn at home, BYJU’s will be able to provide that. You are looking at expanding to international waters now. Can you throw some light on your strategy to navigate these markets? When can we expect you to launch and are there markets other than the US and the UK that you are considering currently? We are in the process of building a product for international markets. Our recent acquisition of Osmo, the US-based award-winning playful learning system, is also aimed at bolstering our international plans to innovate, explore and set new benchmarks for tech-enabled personalized learning solutions. Currently, there are no products like the BYJU’S learning app which can reach out to such a large number of students and create great engagement at the same time. We strongly believe that such a product can come out of India. The market opportunity is huge and we believe our product can create the kind of engagement one has never seen before What kind of growth have you been witnessing? What kind of growth do you hope to achieve this year and what are the factors that will help you achieve it? In terms of revenue, the company has been growing at 100% year-on-year for the last 3 years and have tripled our revenue to INR 1430 crore in FY 18-19 and also turned profitable on a full year basis. We are estimating a revenue of over INR 3000 crore this year. Today we have over 40 million registered users and 2.8 million paid subscribers. Our numbers and growth over the past few years speak for themselves. Where will the next phase of growth for BYJU’S come from? While our focus is to expand to international markets to help achieve scale and build a global brand, we are also working on creating learning programs in regional languages to provide access to quality content and teachers to the students even in the remotest parts of the country. We have also launched language switch option in Hindi, that will not only help in on boarding the platform but also help gain a better foothold in English. Going forward, there will be a strong focus to further accelerate our reach and create awareness in deeper parts of India. We are also working on creating learning programs in other regional languages. The availability of BYJU’S learning programs in multiple vernacular languages will make quality learning accessible for children in every nook and corner of the country and fulfill their aspirations of building better lives. Tell us a bit about your partnership with Disney and what more can we expect out to this partnership? Can we expect some more similar partnerships with other global players too? The Disney.BYJU’S Early Learn app is specially crafted for young children aged between 6 to 8 years old (classes 1- 3) in India. This app offers personalized learning programs while entertaining them with Disney’s timeless stories and characters from Disney Princess, Frozen, Cars, Toy Story franchises and more. BYJU’S pedagogy and content expertise are enhanced by the compelling storytelling of Disney in this app and provides a strong head start to the way young children learn their first concepts in India. The Disney. BYJU’S Early Learn App offers a first-of-its-kind integration of offline to online learning experience through BYJU’S acquired Osmo platform. Where do you want to see Byju’s three to five years from now? Our vision is to be one of the largest education brands in the world. While starting a mission company is easy, sustaining a mission-led organization is challenging. The market needs standardized education and new methodologies/formats to be introduced so as to engage students. To move from the traditional classroom system where teaching is one-way traffic to the one where teachers are facilitators of learning and also, mentors for discussions in classrooms is essential. At BYJU’S, we have made small strides in this direction and with increased traction we believe this is possible in the near future.

BYJU’S envisions to become the leader of ‘learning at home’ category; targets ₹3000 crores revenue this year

<keyword id="2900267" type="UNKNOWN" weightage="20" keywordseo="Byju">Byju</keyword> opens up about meeting <keyword id="3435310" type="UNKNOWN" weightage="20" keywordseo="chan-zuckerberg">Chan Zuckerberg</keyword> Initiative, international plans and how he chooses teachers for the app. 
 <keyword id="824043" type="COMPANY" weightage="60" keywordseo="Business-Insider">Business Insider</keyword> caught up with <keyword id="1702989" type="PERSON" weightage="60" keywordseo="Byju-Raveendran">Byju Raveendran</keyword> after <keyword id="6354630" type="PERSON" weightage="60" keywordseo="Mark-Zuckerberg">Mark Zuckerberg</keyword> shared a post on <keyword id="6354576" type="CITY" weightage="60" keywordseo="Facebook">Facebook</keyword> announcing Chan Zuckerberg Initiative’s investment in the ed-tech <a href="http://www.businessinsider.in/Two-VCs-just-told-us-how-tech-startups-create-economic-inequality/articleshow/52154466.cms">startup</a>. 
 
Q1. Congratulations on the latest round of $50 million! The valuation has been reported at about Rs.3, 200 crores. Would you like to share the details with us? 
 Byju- Thank you. The Chan Zuckerberg Initiative (founded by Mark Zuckerberg and his wife <keyword id="3634898" type="PERSON" weightage="20" keywordseo="Priscilla-Chan">Priscilla Chan</keyword>) has co-led the investment round with <keyword id="122716" type="CITY" weightage="20" keywordseo="Sequoia-Capital">Sequoia Capital</keyword>, along with Sofina, Lightspeed Ventures and Times Internet Ltd. We would like to not comment on the valuation. 
 
Q2. You must be excited about this investment. How do you think this will affect your brand and business? 
 
Byju- It is very humbling to see such confidence from our investors. In fact, to be the first company in Asia to be backed by Mark Zuckerberg and Priscilla Chan is very encouraging. 
 
We have been continuously working towards developing world class products which will cater to students with every educational requirement in K-12 (primary and secondary education) segment. 
 
Q3.Did you get a chance to interact with the power couple- <a href="http://www.businessinsider.in/For-some-teens-Facebook-is-little-more-than-a-business-tool/articleshow/54202713.cms">Mark Zuckerberg </a>and Priscilla Chan? 
 
Byju- After our last investment round in March, I met with the Chan Zuckerberg foundation in San Francisco, California. An investment head from Chan Zuckerberg initiative came in to finalize the details of the deal, which was closed in four-five weeks since I met them. 
They were personally excited about our story and our impact in the Indian metros. Both of them understand technology and they are very excited by our offering as we are creating a product that is technologically driven to enable better learning while reaching more and more people. The Smartphone is giving us the kind of reach that, a few years ago, we wouldn’t even have dreamt of. 
They’re not just coming on board as an investor but are also taking a board seat. 
Vivian Wu from the Chan Zuckerberg initiative will be joining us on the company board after this round. 
 
<a href="http://www.businessinsider.in/Chan-Zuckerberg-Initiatives-first-Asian-investment-Byjus-founder/articleshow/54245860.cms">ALSO READ: Behind </a><a href="http://www.businessinsider.in/Chan-Zuckerberg-Initiatives-first-Asian-investment-Byjus-founder/articleshow/54245860.cms">Chan Zuckerberg</a><a href="http://www.businessinsider.in/Chan-Zuckerberg-Initiatives-first-Asian-investment-Byjus-founder/articleshow/54245860.cms"> Initiative's first Asian investment- Inspiring story of Byju's founder</a> 
 
Q4. The app wants to reach out to kids as young as 9 years old in the 4th standard.Why is that? 
 
Byju- Education has a big impact on your future especially for us Indians. It’s our biggest bet. 4th- 5th grade is the starting of your formative years in education. It is the time when you can really feel the subject, realize what you’re good at. It is the best time to reach out to students. 
 
Q5. How do you choose your army, in this case, the teachers on your platform? Do you see Byju as a substitute to traditional school systems? 
 
Byju- We look for a good teacher who is passionate about the subject and has a great connect with the students. It is important to motivate students to learn, not rote learn and we ensure that teachers do that in a friendly matter. Just 10% of our content team gets selected for teaching. All the teachers on board are as good as me or even better at what they do. 
Byju’s app focuses on comprehensive learning which is personalized for students. We don’t want to be a substitute to schools, but the app works well with the current system. 
Our courses cover everything in the curriculum and students can depend on us for extensive learning. On an average, a student spends 40 minutes on our app, which is unlike any similar app in the world. 
 
Q6. We would like to know more about how you will utilize this investment. Which are the markets that you will be targeting? 
​ 
Our focus is going to be on our product offerings. We will add more subjects and grades. We will create region-specific products for other big English-speaking markets like U.S.A and the UK. Change the format, team, and gaming technology with each market. We are already present internationally- 15% of our students are not Indians. The Middle East is a majority of that. 
 
We aren’t looking for any more investment currently but all our investment rounds have been borne out of inbound interest.

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