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In an abrupt move, <keyword id="237838" type="General" weightage="20" keywordseo="arjun-mohan" source="Orion">Arjun Mohan</keyword>, who was elevated as the embattled edtech firm Byju <keyword id="5645" type="General" weightage="20" keywordseo="ceo" source="Orion">CEO</keyword> just about seven months back, has quit to pursue other opportunities, the company confirmed on Monday. The company's Co-founder and CEO <keyword id="1702989" type="General" weightage="20" keywordseo="byju-raveendran" source="Orion">Byju Raveendran</keyword> will take a more hands-on approach in spearheading the daily operations of the company after Mohan's resignation, who will be part of the edtech firm in an "external advisory role". The move is aimed at streamlining the operations and positioning the company for "long-term success". "Mohan has done an outstanding job steering Biju's through a challenging period. We are grateful for his leadership and look forward to his continued contributions as a strategic advisor," Raveendran said. The company has now decided to consolidate its business into three "focused" divisions -- The Learning App, Online Classes &amp; Tuition Centres, and Test-prep. Each of these <keyword id="54698" type="General" weightage="20" keywordseo="units" source="Orion">units</keyword> will have separate leaders who will independently run the businesses sustainably to ensure profitability, said the company. "This reorganisation marks the start of <keyword id="6384897" type="General" weightage="20" keywordseo="byjus" source="Orion">BYJU'S</keyword> 3.0 -- a leaner and more agile organisation ready to quickly adapt to evolving market dynamics, especially in the realm of hyper-personalised education," according to Raveendran. Facing a severe cash crunch, the edtech company in September last year elevated Mohan as the CEO of its India operations. Mohan succeeded Mrinal Mohit, founding partner and the outgoing head of India business at the company, who embarked on a new journey to pursue personal aspirations. "By focusing on our core strengths with three specialised business units, we will unlock new growth opportunities while continuing to focus on profitability," said Raveendran.

Byju's CEO Arjun Mohan quits, company to consolidate biz in 3 units

<ul><li><keyword id="2900267" type="PERSON" weightage="20" keywordseo="Byju">Byju</keyword>'s plans to invest $1 billion in the North American market over the next two years.</li><li>The company believes that that international market would make a third of its revenue in the future.</li><li>The Bengaluru-based company is estimated to earn $300 million from the US market in FY22.</li></ul> Byju's has had global aspirations since 2019, when it acquired US-based educational game system Osmo for $120 million. The pandemic and the resultant boost for online education platforms in 2020 have led to aggressive expansion by the Indian decacorn (startup valued at over $10 billion) this year. “India can provide teachers to the world, just like software engineers,” founder Byju Raveendran said in an interview with Business Insider in October 2020. <div type="Youtube" id="qIe5VhDvJXU" title="How EdTech Can Shape The Future Hereon?" thumbUrl="https://i.ytimg.com/vi/qIe5VhDvJXU/mqdefault.jpg"></div> Byju’s has already laid out an elaborate plan for the estimated <a href="https://www.austrade.gov.au/ArticleDocuments/5085/Edtech-US-market-snapshot.pdf.aspx/">$43 billion</a>+ edtech market in the US dominated by Age of Learning (valued at $3 billion) and Kajabi (valued at $2 billion) in the kindergarten to class 12 (K12) segment Byju’s is looking at. Two acquisitions in the last one month ⁠— Epic and Great Learning ⁠— have cost Byju's over $1.1 billion, and it plans to invest over a billion dollars in the North American market over the next two years. Besides that, the Indian startup has launched its core Disney-based learning app in the US and launched Byju's Global School for vocational learning. Industry watchers believe there may be more deals and acquisitions along the way. Investment bank Dexter Capital’s founder Devendra Agrawal, in an interaction with Business Insider, said that there is a lot of headroom for edtech to grow globally and there are few with the kind of muscle that Byju's ⁠— with a valuation of $16.5 billion ⁠— has. More importantly, Byju's can make more revenue ($376 million in FY20) in countries like the US, UK and Australia, where people can afford to pay more. Anita Kishore, the head of strategy at Byju's, told Business Insider that international markets would make a third of the company’s revenue in the next three to four years. The USA would be dominating the international market for Byju's. <div type="javascript" title="Custom" contenttype="Video"><cdata><![CDATA[ ]]></cdata></div> <table style="border-width: initial; border-style: none;"></colgroup><tbody><tr><td style="border-left:solid #cccccc 0.8333325pt;border-right:solid #cccccc 0.8333325pt;border-bottom:solid #cccccc 0.8333325pt;border-top:solid #cccccc 0.8333325pt;vertical-align:bottom;padding:2pt 2pt 2pt 2pt;overflow:hidden;overflow-wrap:break-word;">Metric </td><td style="border-left:solid #cccccc 0.8333325pt;border-right:solid #cccccc 0.8333325pt;border-bottom:solid #cccccc 0.8333325pt;border-top:solid #cccccc 0.8333325pt;vertical-align:bottom;padding:2pt 2pt 2pt 2pt;overflow:hidden;overflow-wrap:break-word;">Base </td><td style="border-left:solid #cccccc 0.8333325pt;border-right:solid #cccccc 0.8333325pt;border-bottom:solid #cccccc 0.8333325pt;border-top:solid #cccccc 0.8333325pt;vertical-align:bottom;padding:2pt 2pt 2pt 2pt;overflow:hidden;overflow-wrap:break-word;">July 2021 </td><td style="border-left:solid #cccccc 0.8333325pt;border-right:solid #cccccc 0.8333325pt;border-bottom:solid #cccccc 0.8333325pt;border-top:solid #cccccc 0.8333325pt;vertical-align:bottom;padding:2pt 2pt 2pt 2pt;overflow:hidden;overflow-wrap:break-word;">Growth </td></tr><tr><td style="border-left:solid #cccccc 0.8333325pt;border-right:solid #cccccc 0.8333325pt;border-bottom:solid #cccccc 0.8333325pt;border-top:solid #cccccc 0.8333325pt;vertical-align:bottom;padding:2pt 2pt 2pt 2pt;overflow:hidden;overflow-wrap:break-word;">Valuation </td><td style="border-left:solid #cccccc 0.8333325pt;border-right:solid #cccccc 0.8333325pt;border-bottom:solid #cccccc 0.8333325pt;border-top:solid #cccccc 0.8333325pt;vertical-align:bottom;padding:2pt 2pt 2pt 2pt;overflow:hidden;overflow-wrap:break-word;">$6 billion (2019) </td><td style="border-left:solid #cccccc 0.8333325pt;border-right:solid #cccccc 0.8333325pt;border-bottom:solid #cccccc 0.8333325pt;border-top:solid #cccccc 0.8333325pt;vertical-align:bottom;padding:2pt 2pt 2pt 2pt;overflow:hidden;overflow-wrap:break-word;">$16.5 billion </td><td style="border-left:solid #cccccc 0.8333325pt;border-right:solid #cccccc 0.8333325pt;border-bottom:solid #cccccc 0.8333325pt;border-top:solid #cccccc 0.8333325pt;vertical-align:bottom;padding:2pt 2pt 2pt 2pt;overflow:hidden;overflow-wrap:break-word;">2.7X </td></tr><tr><td style="border-left:solid #cccccc 0.8333325pt;border-right:solid #cccccc 0.8333325pt;border-bottom:solid #cccccc 0.8333325pt;border-top:solid #cccccc 0.8333325pt;vertical-align:bottom;padding:2pt 2pt 2pt 2pt;overflow:hidden;overflow-wrap:break-word;">Users </td><td style="border-left:solid #cccccc 0.8333325pt;border-right:solid #cccccc 0.8333325pt;border-bottom:solid #cccccc 0.8333325pt;border-top:solid #cccccc 0.8333325pt;vertical-align:bottom;padding:2pt 2pt 2pt 2pt;overflow:hidden;overflow-wrap:break-word;">50 million (May 2020) </td><td style="border-left:solid #cccccc 0.8333325pt;border-right:solid #cccccc 0.8333325pt;border-bottom:solid #cccccc 0.8333325pt;border-top:solid #cccccc 0.8333325pt;vertical-align:bottom;background-color:#ffffff;padding:2pt 2pt 2pt 2pt;overflow:hidden;overflow-wrap:break-word;">100 million </td><td style="border-left:solid #cccccc 0.8333325pt;border-right:solid #cccccc 0.8333325pt;border-bottom:solid #cccccc 0.8333325pt;border-top:solid #cccccc 0.8333325pt;vertical-align:bottom;padding:2pt 2pt 2pt 2pt;overflow:hidden;overflow-wrap:break-word;">2X </td></tr><tr><td style="border-left:solid #cccccc 0.8333325pt;border-right:solid #cccccc 0.8333325pt;border-bottom:solid #cccccc 0.8333325pt;border-top:solid #cccccc 0.8333325pt;vertical-align:bottom;padding:2pt 2pt 2pt 2pt;overflow:hidden;overflow-wrap:break-word;">Subscribers </td><td style="border-left:solid #cccccc 0.8333325pt;border-right:solid #cccccc 0.8333325pt;border-bottom:solid #cccccc 0.8333325pt;border-top:solid #cccccc 0.8333325pt;vertical-align:bottom;padding:2pt 2pt 2pt 2pt;overflow:hidden;overflow-wrap:break-word;">3.5 million (May 2020) </td><td style="border-left:solid #cccccc 0.8333325pt;border-right:solid #cccccc 0.8333325pt;border-bottom:solid #cccccc 0.8333325pt;border-top:solid #cccccc 0.8333325pt;vertical-align:bottom;padding:2pt 2pt 2pt 2pt;overflow:hidden;overflow-wrap:break-word;">6.5 million </td><td style="border-left:solid #cccccc 0.8333325pt;border-right:solid #cccccc 0.8333325pt;border-bottom:solid #cccccc 0.8333325pt;border-top:solid #cccccc 0.8333325pt;vertical-align:bottom;padding:2pt 2pt 2pt 2pt;overflow:hidden;overflow-wrap:break-word;">1.8X </td></tr></tbody></table> With steady business growth prediction in India, why do Byju's want to look at the American market? The company started its expansion plans in 2019 by acquiring Osmo, which produces augmented reality games for mobile devices. <div type="ExtQuote" text="“We are building a product for the international markets. At present, our focus is getting the K-3 (lower grades first, then second and third grades) product ready for launch in the next few months.”" auname="— Mrinal Mohit, chief operating officer at Byju&amp;#39;s, said in 2019 while announcing the acquisition."></div> <div type="image" title="Image 1 Byju&amp;#39;s last two acquisitions and a deal with Disney reveal its American dream ⁠— one that is anchored in India" msid="84784080" hostid="261"></div> The company made its second acquisition in the US last week. It acquired digital reading platform Epic for half a billion dollars. The buyout provided Byju's with access to the company’s user base of 50 million students and 20 million teachers in one hit. Byju's also leveraged its<a href="https://www.businessinsider.in/business/startups/news/how-karan-bajaj-sold-his-less-than-18-month-old-startup-white-hat-jr-to-byjus/articleshow/77415329.cms"> $300 million acquisition</a> of the coding-for-kids startup WhiteHat Jr by launching the <keyword id="7677076" type="UNKNOWN" weightage="20" keywordseo="Future-school">Future School</keyword> brand that will focus on providing extra-curricular courses in international markets. The company has already launched its services in the US, Canada, Australia, New Zealand and other English speaking markets last month. It has also been piloting in non-English speaking countries like Brazil and Mexico, and will plan a full-roll out soon. <div type="ExtQuote" text="“The other advantage that [the] US market gives us is the fact that it is English speaking, right? A lot of our products, while you know, they need to be customised, and so on. Given the language is English, we are able to actually scale those products well, with teams in India. Hence, the US has been a key market for us.”" auname="— Anita Kishore, head of strategy at Byju&amp;#39;s, told Business Insider"></div> The 10-year-old startup expects to earn $300 million in the US in the financial year ending March 2022, all thanks to these three products. <table style="border-width: initial; border-style: none;"></colgroup><tbody><tr><td style="border-left:solid #cccccc 0.8333325pt;border-right:solid #cccccc 0.8333325pt;border-bottom:solid #cccccc 0.8333325pt;border-top:solid #cccccc 0.8333325pt;vertical-align:bottom;padding:2pt 2pt 2pt 2pt;overflow:hidden;overflow-wrap:break-word;">Company </td><td style="border-left:solid #cccccc 0.8333325pt;border-right:solid #cccccc 0.8333325pt;border-bottom:solid #cccccc 0.8333325pt;border-top:solid #cccccc 0.8333325pt;vertical-align:bottom;padding:2pt 2pt 2pt 2pt;overflow:hidden;overflow-wrap:break-word;">Projected revenue in FY22 </td></tr><tr><td style="border-left:solid #cccccc 0.8333325pt;border-right:solid #cccccc 0.8333325pt;border-bottom:solid #cccccc 0.8333325pt;border-top:solid #cccccc 0.8333325pt;vertical-align:bottom;padding:2pt 2pt 2pt 2pt;overflow:hidden;overflow-wrap:break-word;">Byju's Future School </td><td style="border-left:solid #cccccc 0.8333325pt;border-right:solid #cccccc 0.8333325pt;border-bottom:solid #cccccc 0.8333325pt;border-top:solid #cccccc 0.8333325pt;vertical-align:bottom;padding:2pt 2pt 2pt 2pt;overflow:hidden;overflow-wrap:break-word;">$100 million+ </td></tr><tr><td style="border-left:solid #cccccc 0.8333325pt;border-right:solid #cccccc 0.8333325pt;border-bottom:solid #cccccc 0.8333325pt;border-top:solid #cccccc 0.8333325pt;vertical-align:bottom;padding:2pt 2pt 2pt 2pt;overflow:hidden;overflow-wrap:break-word;">Epic </td><td style="border-left:solid #cccccc 0.8333325pt;border-right:solid #cccccc 0.8333325pt;border-bottom:solid #cccccc 0.8333325pt;border-top:solid #cccccc 0.8333325pt;vertical-align:bottom;padding:2pt 2pt 2pt 2pt;overflow:hidden;overflow-wrap:break-word;">$100 million+ </td></tr><tr><td style="border-left:solid #cccccc 0.8333325pt;border-right:solid #cccccc 0.8333325pt;border-bottom:solid #cccccc 0.8333325pt;border-top:solid #cccccc 0.8333325pt;vertical-align:bottom;padding:2pt 2pt 2pt 2pt;overflow:hidden;overflow-wrap:break-word;">Osmo </td><td style="border-left:solid #cccccc 0.8333325pt;border-right:solid #cccccc 0.8333325pt;border-bottom:solid #cccccc 0.8333325pt;border-top:solid #cccccc 0.8333325pt;vertical-align:bottom;padding:2pt 2pt 2pt 2pt;overflow:hidden;overflow-wrap:break-word;">$100 million+ </td></tr></tbody></table> Notably, the company has made four acquisitions, amounting to $2 billion, in the last six months. Two of which — Great Learning and Epic — directly related to the company's international expansion plans. Kishore emphasised that Byju's does not have any target number for acquisition or investments to expand its presence in the US. “It is more where we see a strategic fit and an alignment of vision with the founders. That’s where we go ahead and do that [acquisition].” <div type="image" title="Byju&amp;#39;s last two acquisitions and a deal with Disney reveal its American dream ⁠— one that is anchored in India" msid="84783979" hostid="261"></div> “ India will continue to be Byju's biggest market in terms of revenue for the next two years. However, they would want this ratio to change going forward. How soon it could change is hard to comment. The outside market, like the US, the growth could be higher. Two-three years later, the percentage revenue they get from the US market could be sizeable. It would not be more than 50% or more than Indian market. In the long term, it may happen that Byju's is getting more revenue from outside India.” -- Devendra Agrawal, founder, Dexter Capital A dream so big, it may need bigger deals Acquisitions are usually done for three reasons. First, to enter new geographies. Second, to incorporate new services or products into business offerings. Third, to eliminate a disruptor that could be a potential threat to the company in the long run. “Because of all three reasons, Byju's will continue to acquire new players…,” Agrawal told Business Insider. The organic way of doing so, by building a team and hiring people, may actually take a couple of years. The inorganic way, by acquiring companies, can help speed up the process of scaling up. Madhur Singhal, managing partner and chief executive officer (CEO) at consulting firm Praxis Global, explained that the company’s expansion largely depends on how well the company develops an empirically grounded model of technology and capability that taps the market opportunity with cross-selling into customers of acquisitions they are making. “If this strategy comes right, it could result in bigger and faster outcomes,” he added. While the global market will make up a third of Byju's revenue, India will continue to be the biggest market for the edtech company due to the massive growth of its core product in two to three years, Kishore emphasised. The recent acquisition of the test preparation chain Aakash Educational Services, which has over 200 coaching centres across India, is going to accelerate the company’s growth in India as well. Byju's had acquired Aakash for $1 billion earlier this year and it was the biggest edtech deal in the world. <div type="image" title="(image 3) Byju&amp;#39;s last two acquisitions and a deal with Disney reveal its American dream ⁠— one that is anchored in India" msid="84784062" hostid="261"></div> Even though Aakash may not contribute much to Byju's international plans, the acquisition will give the company a sizable revenue as well as profit. “If somebody has to distribute Byju's revenue — organic revenue versus revenue of acquired companies — Aakash would give them largest leverage purely from the EBITDA [earnings with interest, taxes, depreciation, and amortisation] and revenue perspective,” Dexter Capital’s Agarwal added. SEE ALSO <a href="https://www.businessinsider.in/business/corporates/news/lok-sabha-mp-mahua-moitra-says-delisting-of-adani-power-need-to-be-looked-into/articleshow/84752594.cms">Adani Group in spotlight again — Lok Sabha MP Mahua Moitra says delisting of Adani Power needs to be ‘looked into’</a> <a href="https://www.businessinsider.in/thelife/news/tesla-shrugs-off-the-global-chip-shortage-to-post-its-most-profitable-quarter-yet/articleshow/84777571.cms">Tesla shrugs off the global chip shortage to post its most profitable quarter yet</a> <a href="https://www.businessinsider.in/personal-finance/news/six-red-flags-for-investors-to-avoid-becoming-a-victim-of-misselling-by-agents-or-financial-advisors/slidelist/84782913.cms">Six red flags for investors to avoid becoming a victim of misselling by agents or financial advisors</a>

Byju's last two acquisitions and a deal with Disney reveal its American dream ⁠— one that is anchored in India

<ul><li><keyword id="2900267" type="PERSON" weightage="20" keywordseo="Byju">BYJU</keyword>’s has acquired US-based digital reading platform Epic, which focuses on kids under the age of 12, for $500 million.</li><li>The Indian edtech giant plans to invest about $1 billion in the US market to expand its presence globally.</li><li>The company believes that the international market would make about a third of its revenue in the next three years.</li></ul>After a decade of breaking new ground with edtech in India and garnering 100 million users globally, Bengaluru-based BYJU’s seems to be making an interesting move with its razor sharp focus on the American market. The edtech giant on Wednesday, July 21, announced that it plans to invest $1 billion in the North American market to accelerate its growth in the next two years. BYJU’s has flagged off its American expansion plan with the acquisition of US-based digital reading platform Epic, which focuses on kids under the age of 12, for $500 million. Epic runs on a subscription model that gives classrooms and families unlimited access to thousands of books, videos and quizzes. The seven-year-old American startup, founded by Suren Markosian and Kevin Donahue in 2013, has a user base of two million teachers and 50 million kids registered on the platform. The company claims to have doubled its user base from 20 million kids pre-COVID. Epic has raised about $50 million to date from institutional investors like Creative Artists Agency, Evolution Media and Reach Capital. This acquisition of Epic is in line with the plan that BYJU’s founder and chief executive officer (CEO) Byju Raveendran described in an <a href="https://www.youtube.com/watch?v=qIe5VhDvJXU">interview </a>with Business Insider in November last year. <div type="ExtQuote" text="“It’s very different how kids learn at different level — at individual level, subject level, age level or grade level — so what we have done is that for a lot of these early-age group level we have used a lot of these movie-like or game-like interaction to make sure that they get interested in the subject. By bringing that interactive appeal, we have been able to engage, but at the end of the day we are an educational company and our core strength has been how do you simplify a concept, how do you help them visualise the context and how do you help them contextualise the concept.”" auname="Byju Raveendran, CEO of BYJU's"></div> Markosian, CEO and cofounder of Epic, told Business Insider that the vision behind building Epic was to bring books and children together through technology. The company wanted to remove all the barriers between a book and a child, and help them find the right books so that every child will be excited about reading. “And so we've built this platform where children can independently discover any book or any content they like to read. The platform makes it a lot of fun to read, and a lot of 100 discoveries, new books, or kids love using it,” Markosian said. Last year, around one billion books were read on Epic’s platform. BYJU’s looks to go big in the US market The Indian business will continue to make money from the recently-acquired Aakash, which has a <a href="https://www.businessinsider.in/business/startups/news/heres-why-byjus-may-want-to-spend-a-billion-dollars-on-acquiring-aakash-educational-services/articleshow/80243456.cms">network of 200 coaching</a> institutes bought for $1 billion in <a href="https://www.businessinsider.in/business/news/byjus-closes-its-deal-with-aakash-educational-services-for-nearly-1-billion/articleshow/81912772.cms">April 2021</a>. Anita Kishore, head of strategy at BYJU's told Business Insider that India will continue to be BYJU’s biggest market in terms of revenue due to the presence of BYJU’s core product offering in the country as well as because of the Akash acquisition. <div type="ExtQuote" text="Three to four years out, we would see about a third of the revenue coming from international markets," auname="Anita Kishore, head of strategy at BYJU's"></div> Kishore explained that BYJU’s is planning to focus now on the American market, as the USA is its biggest market outside of India. “The other advantage that US marketing gives us is the fact that it is English speaking, right? A lot of our products, while you know, they need to be customised, and so on. Given the language is English, we are able to actually scale those products well, with teams in India. Hence, the US has been a key market for us,” she added. WhiteHat Jr, BYJU’s other portfolio company that was acquired for <a href="https://www.businessinsider.in/business/startups/news/byjus-acquisition-of-white-hat-jr-comes-in-line-with-neps-decision-to-teach-coding-in-schools/articleshow/77384750.cms">$350 million </a>in August 2020, has been folded by BYJU’ into the BYJU’s Future School brand that will focus on international markets like the US, Canada, Australia, New Zealand, and other English speaking markets. The offering was launched last month, with 11,000 female teachers. For this venture, WhiteHat Jr has also stepped foot outside of its traditional coding for kids offering to introduce Maths. WhiteHat Jr’s CEO and founder Karan Bajaj has been heading this vertical and will introduce other offerings Science, English, fine arts and music classes soon. Taking a step forward, BYJU’s has also launched its learning app featuring Disney characters to the US last month. The company had also acquired educational game system Osmo two-years-ago, which has now scaled about four-times, as per the pressnote by BYJU’s. Kishore further added that BYJU’s will be clocking in more than $300 million in revenue from the US market alone in the financial year 2022. Of this, BYJU’s Future School will be clocking in about $100 million+ in revenue, Epic would add another $100 million+ to it and Osmo doing another $100 million+. Notably, BYJU’s is currently the most valued edtech startup in the world and the highest valued Indian startup. The company has garnered the interest from marquee investors like Chan-Zuckerberg Initiative, Sequoia Capital India, Silver Lake, Tencent, Canada Pension Plan Investment Board (CPPIB), General Atlantic, Tiger Global, Qatar Investment Authority and many more. The company had reported a revenue of ₹2,800 crore in the financial year ending March 2020, as its user base crossed 50 million. It has doubled its user base twice since then due to the tailwind from remote learning. SEE ALSO <a href="https://www.businessinsider.in/business/news/policybazaar-plans-to-raise-close-to-870-million-through-its-ipo-at-a-likely-valuation-of-3-5-billion/articleshow/84606274.cms" data-type="tilCustomLink">PolicyBazaar plans to raise close to $870 million through its IPO at a likely valuation of $3.5 billion</a> <a href="https://www.businessinsider.in/business/startups/news/swiggy-raises-1-25-billion-in-a-mega-round-of-funding-led-by-softbank-and-prosus/articleshow/84578974.cms" data-type="tilCustomLink">Swiggy gets a $1.25 billion cheque from Softbank for the same reason Zomato went for an IPO</a> <a href="https://www.businessinsider.in/business/news/brookfield-backed-tower-infrastructure-trust-to-acquire-space-teleinfra-for-900-crore/articleshow/84585544.cms" data-type="tilCustomLink">Brookfield-backed Tower Infrastructure Trust to acquire Space Teleinfra for ₹900 crore</a>

BYJU's acquires another American startup, plans to spend $1 billion on US expansion

<ul><li><keyword id="6559242" type="UNKNOWN" weightage="20" keywordseo="great-learning">Great Learning</keyword> offers upskilling courses for professionals. </li><li>It claims to have over 1.5 million learners across 170 countries. </li><li>Great Learning will continue to operate independently post acquisition as well.</li></ul>A week after acquiring US-based reading startup Epic for half a billion dollars, Bengaluru-based edtech giant <keyword id="2900267" type="PERSON" weightage="20" keywordseo="Byju">BYJU</keyword>’s has now shelled out another $600 million to buy Singapore-headquartered Great Learning. The deal is valued at $600 million comprising cash, stock and earnout, Great Learning said in a press note. BYJU’s has also earmarked another $400 million to invest in accelerating Great Learning’s growth. The company will accelerate its organic and inorganic growth in India and across global markets with the $400 million investment. Great Learning is an upskilling platform founded in 2013 by Mohan Lakhamraju, Hari Nair and Arjun Nair. The company offers courses in data science and business analytics, artificial intelligence and machine learning, cloud computing, cyber security and more. The company claims to have delivered over 60 million hours of learning to over 1.5 million learners across 170 countries. Great Learning <a href="https://www.thehindubusinessline.com/news/education/great-learning-exits-fy-21-with-100-million-revenue-run-rate-12-million-learners-from-160-countries/article34357284.ece">exited </a>the financial year 2021 with $100 million revenue run rate. It had earned a revenue of ₹325 crore ($43 million, at current conversion rate) in financial year 2020. The Singapore-headquartered company collaborates with several universities including Stanford University, Massachusetts Institute of Technology (MIT), Northwestern University, National University of Singapore (NUS), four Indian Institutes of Technology (IITs) and more to offer degree, diploma and certificate programmes. It has over 500 free courses. Great Learning will continue to operate independently post acquisition as well. “Together with BYJU’S, we will be able to accelerate our progress towards this goal and meet the growing need for upskilling both in India and around the world. Further, as higher education moves online, we will leverage our joint strengths in technology, content, pedagogy and instructors to create unparalleled learning opportunities at affordable prices for everyone,” Lakhamraju said. This partnership combines BYJU’S technology and content expertise with Great Learning’s professional courses at a significant time when professionals are being encouraged to upskill themselves, the companies said. Decade old BYJU's has been looking at international expansion from this year. Only last week, the company announced its plans to <a href="https://www.businessinsider.in/business/news/byjus-acquires-us-based-epic-plans-to-invest-1-billion-in-the-north-american-market/articleshow/84612303.cms" data-type="tilCustomLink">invest $1 billion</a> in North America, as it believes that USA could be its next big market in terms of revenue. SEE ALSO <a href="https://www.businessinsider.in/education/news/the-chinese-government-believes-online-education-is-bad-for-students-parents-and-the-society/articleshow/84752031.cms" data-type="tilCustomLink">The Chinese government believes online education is bad for students, parents and the society</a> <a href="https://www.businessinsider.in/stock-market/news/subscribe-to-glenmark-life-sciences-ipo-because-of-clean-regulatory-history-and-good-track-record-as-per-analysts/articleshow/84748115.cms">One may subscribe to Glenmark Life Sciences IPO because of clean regulatory history, strong promoter backing and good track record, say analysts</a> <a href="https://www.businessinsider.in/stock-market/news/yes-bank-shares-surge-5-after-it-reports-strong-profit-growth/articleshow/84751116.cms">YES Bank shares surge 5% as investors see a ray of hope after bank reported four fold growth in profit</a>

BYJU's is willing to shell out 10X of what Great Learning earned during the best year for edtech

<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

<ul><li>Ed-tech platform BYJU'S said on Friday it has ranked among the world's top 10 most <keyword id="9350787" type="UNKNOWN" weightage="20" keywordseo="downloaded-education-apps">downloaded education apps</keyword> on <keyword id="6369511" type="PERSON" weightage="20" keywordseo="google-play-store">Google Play store</keyword>.</li><li>The findings from the April 2020 report by Sensor Tower also make BYJU'S the only ‘school-learning' app to feature in its global report.</li><li>The platform has seen over six million new students join the platform in the month of March and 7.5 million in the month of April.</li></ul>Ed-tech platform BYJU'S said on Friday it has ranked among the world's top 10 most downloaded education apps on <keyword id="963171" type="PERSON" weightage="20" keywordseo="Google-Play">Google Play</keyword> store. The findings from the April 2020 report by Sensor Tower also make BYJU'S the only ‘school-learning' app to feature in its global report. Google Classroom was the most downloaded ‘Education' category app worldwide for April with more than 28.2 million installs, a 21 times increase from April last year, followed by <keyword id="2734963" type="PERSON" weightage="20" keywordseo="YouTube-Kids">YouTube Kids</keyword>, Duolingo, Photomath and Simply Piano, among others "We have received an overwhelming response from our students with a 3 times increase in the number of new students joining our learning programme," Mrinal Mohit, Chief Operating Officer, BYJU'S said in a statement. BYJU'S announced free access to its learning programme for students in March. Since then, the platform has seen over six million new students join the platform in the month of March and 7.5 million in the month of April. "Our Live Classes launched in the month of April have become extremely popular among students as they bring in the much-needed scheduled learning into a student's life from some of BYJU'S top teachers," said Mohit.

Byju's among world's top 10 education apps downloaded during lockdown

Edtech industry leader Byju's is raising nearly $150 million from <keyword id="2538679" type="COMPANY" weightage="20" keywordseo="UBS-Group-AG">UBS Group AG</keyword>, that will take its market valuation to $16.5 billion, reliable sources said on Thursday. UBS Group AG, part of <keyword id="349466" type="COMPANY" weightage="20" keywordseo="UBS-Asset-Management">UBS Asset Management</keyword>, will invest a total of around $300 million in Byju's, people familiar with the deal told IANS. The leading ed-tech company recently raised nearly $1 billion as part of its 'Series F' funding that included Baron Funds and Facebook cofounder Eduardo Saverin's <keyword id="3472137" type="COMPANY" weightage="20" keywordseo="B-Capital-Group">B Capital Group</keyword>. The latest fund-raising came after Byju's announced to acquire Aakash Educational <keyword id="266374" type="DOMAIN" weightage="20" keywordseo="Services-Ltd">Services Ltd</keyword> (AESL) through a strategic merger. The deal size is also pegged at close to $1 billion. In September last year, Byju's raised $500 million (approximately ₹3,689 crore) in a funding round led by global technology investment firm Silver Lake. Existing investors <keyword id="526777" type="PERSON" weightage="20" keywordseo="Tiger-Global">Tiger Global</keyword>, <keyword id="6375561" type="COMPANY" weightage="20" keywordseo="General-Atlantic">General Atlantic</keyword> and <keyword id="7849665" type="COMPANY" weightage="20" keywordseo="owl-ventures">Owl Ventures</keyword> also participated in the round that put the edtech startup's valuation at $10.8 billion. The new investment came barely a month after Byju's acquired WhiteHat Jr, a Mumbai-based coding platform, for $300 million. Byju's said it has seen over 20 million new students starting learning from its platform for free since the lockdown. The <keyword id="235499" type="COMPANY" weightage="20" keywordseo="APP">app</keyword> currently has over 64 million registered students and 4.2 million annual paid subscriptions. SEE ALSO: <a href="https://www.businessinsider.in/science/health/news/covid-19-vaccine-india-needs-a-separate-queue-for-second-dose/articleshow/82304003.cms">India may end up wasting millions of COVID-19 vaccine doses if there is no separate queue for second shots</a> <a href="https://www.businessinsider.in/science/health/news/if-you-have-just-recovered-from-covid-19-experts-say-you-dont-need-to-join-in-on-the-rush-for-vaccination-immediately/articleshow/82302460.cms">If you have just recovered from COVID-19, experts say you don't need to join in on the rush for vaccination immediately</a> <a href="https://www.businessinsider.in/careers/news/atlassian-says-its-employees-only-need-to-come-into-the-office-4-times-a-year-under-its-new-team-anywhere-policy/articleshow/82304516.cms">Atlassian says its employees only need to come into the office 4 times a year under its new 'Team Anywhere' policy</a>

BYJU'S is reportedly in talks to raise $150 million to become India's most valued startup

<ul><li>India’s online learning platform Byju’s is partnering with the US conglomerate The Walt Disney Co to introduce a learning app which will cater to children between kindergarten and third grade. </li><li>The app will have characters inspired from Disney brands — including Toy Story, Cars and Frozen among others — for a blended learning experience. </li><li>Byju’s acquired Osmo for $120 million a US-based platform for educational games.</li></ul>India’s largest e-learning platform Byju’s and the American multinational The Walt Disney Co are jointly planning to roll out an ‘early learn’ app. This standalone application will target students from kindergarten to third grade, <a href="https://tech.economictimes.indiatimes.com/news/mobile/byjus-and-disney-may-launch-a-new-app-targeting-younger-kids/69524112">according to an ET report.</a> To bring younger children into its fold, the app will feature characters from Disney brands like — Toy Story, Cars and Frozen among others — for a blended learning experience. It will also engage younger children with video-based tutorials. In a first, the US conglomerate is partnering with a learning platform, which will be unique to India. Previously, the company collaborated with clothing brands and consumer product makers. The move will accelerate the unicorn’s expansion into global markets like US, UK and Australia. According to the report, the edtech company has a revenue-sharing agreement with Disney — which could range between 10%-15%. For long, Byju’s had been considering bringing in <a href="https://www.business-standard.com/article/companies/unicorn-start-up-byju-s-to-use-cartoon-characters-to-teach-math-science-119030300602_1.html">cartoon characters</a> onto its platform like Mickey Mouse, Donald Duck, among others — to teach Mathematics and Science. Byju’s was reportedly in talks with Disney to create educational content for primary schools since October last year. Byju’s is the fourth most valued startup in India. Earlier this year, it <a href="https://www.businessinsider.in/byjus-is-going-global-with-its-latest-acquisition-of-us-based-osmo/articleshow/67569325.cms">acquired Osmo for $120 million</a>, a US-based platform for educational games to deliver services to students from three to seven years of age. See also: <a href="https://www.businessinsider.in/byjus-is-going-global-with-its-latest-acquisition-of-us-based-osmo/articleshow/67569325.cms">Online tutoring startup Byju’s is the latest Indian ‘unicorn’ going global</a> <a href="https://www.businessinsider.in/indias-largest-online-learning-service-is-all-set-to-become-the-4th-highest-valued-indian-startup-with-a-254-billion-valuation/articleshow/66474294.cms">India’s largest online learning service is all set to become the 4th highest valued Indian startup with a ₹254 billion valuation</a> <a href="https://www.businessinsider.in/indian-startups-early-stage-funding-sees-more-investors/articleshow/67938329.cms">Indian startup founders are giving up ownership too early – and that's a bad idea</a>

Byju's will now teach kids using Disney characters from Frozen and Cars

<ul><li>Edtech unicorn Byju’s has turned profitable in 8 years. </li><li>The startup has reported a revenue of ₹14.3 billion for FY18-19. </li><li>It’s online paid user base now stands at 2.4 million.</li></ul>India’s first edtech unicorn Byju’s has achieved yet another of its firsts – it has reportedly turned profitable. The startup <a href="https://tech.economictimes.indiatimes.com/news/internet/byjus-claims-to-have-tripled-its-revenues-to-rs-1430-crore-in-fy19/69583803">reported</a> that its revenue has tripled to reach ₹14.3 billion in the financial year ending March 2019, though it has not shared the net profit numbers. However, these swollen revenues come at the back of increase in its paid user base, which now stands at 2.4 million. This number has doubled from last year, when it stood at 1.26 million in June 2018. The ability of this online tutorial startup to capture paying public, enabled its entry into the super exclusive profiteers club. “The growth in revenue was fuelled by deeper penetration across India and significant growth in the number of paid subscribers,” said the <a href="https://www.business-standard.com/article/companies/byju-s-turns-profitable-in-8-years-gears-up-to-enter-us-in-a-big-way-119053100043_1.html">company</a>’s statement. While it has never officially reported it, Byju’s has reached breakeven last year, within eight years of its existence. Global Ambitions It now plans to enter the global market and more specifically, the US. Recently, Byju’s acquired a US-based platform for educational games for $120 million. It is also partnering with Walt Disney to introduce a new early learning app for kids. Byju’s last <a href="https://yourstory.com/2019/03/byjus-funding-general-atlantic-tencent-2yv8bkk19e">reported</a> valuation was at $5 billion after it raised funding of ₹214 crores (MILLION) in March 2019. The investment came from NY-based General Atlantic and Chinese VC firm Tencent. The eight-year old startup was founded by a teacher named Byju Raveendran. Over the years, the startup has steadily gained popularity and had even signed bigwigs like Bollywood’s Shah Rukh Khan and Telugu superstar Mahesh Babu as brand ambassadors. See Also: <a href="https://www.businessinsider.in/byjus-and-disney-partner-to-roll-out-early-learn-app/articleshow/69532987.cms">Byju's will now teach kids using Disney characters from Frozen and Cars</a> <a href="https://www.businessinsider.in/Sachin-Bansal-rides-a-bet-on-electric-bike-startup-Ather-Energy/articleshow/69546251.cms">Sachin Bansal rides a bet on electric bike startup Ather Energy</a>

Byju's turns profitable as millions pay for its classes

<ul><li><a href="https://www.businessinsider.in/trendsfestival" data-type="tilCustomLink">Global Trends Festival</a> is one of the world's most prestigious events which will be live from Oct 19-23.</li><li>While nobel laureates, some of the biggest political and corporate icons will provide thought leadership, it's a great platform to network with CXOs from around the world.</li><li><a href="https://www.businessinsider.in/trendsfestival" data-type="tilCustomLink">Global Trends Festival 2020</a> is presented by <a href="https://www.businessinsider.in/trendsfestival" data-type="tilCustomLink"></a><a href="https://aws.amazon.com/" data-type="tilCustomLink">AWS</a>.</li><li>Register for the <keyword id="10088455" type="UNKNOWN" weightage="20" keywordseo="global-trends-festival">Global Trends Festival</keyword> <a href="https://www.businessinsider.in/trendsfestival" data-type="tilCustomLink"></a><a href="https://www.businessinsider.in/trendsform_2020.cms" data-type="tilCustomLink">here</a>.</li></ul> Millions of Indians right from villages to high rises are now pilot testing an idea that <keyword id="1702989" type="PERSON" weightage="20" keywordseo="Byju-Raveendran">Byju Raveendran</keyword> had, at least nine years back. His eponymous app provides deep and catchy insights on syllabi and delivers it digitally. During the pandemic, his first-mover advantage has been paying off very well. While parents and teachers alike struggle to gain young students' attention, Byjus has hit a homerun long back. On its early learning app, they are taught by Frozen's Anna, Moana, and Lion King's Simba, after the former struck a deal with Disney. As a young student who 'enjoyed' studying and solving Math problems, Byju created this content to bring Indian students out of the rut of rote learning and memorizing. This philosophy has over 4.5 million takers who are paid users on his app. Now one of India's youngest billionaires, Raveendran, is all set for a meteoric rise as his subscriber base jumped <a href="https://www.businessinsider.in/business/startups/news/byjus-onboards-new-investors-edtech-decacorns-paid-subscriber-base-jumps-by-a-million-in-a-month/articleshow/78267761.cms">by a million during the lockdown</a>. In April, Byjus clocked in a massive <a href="https://yourstory.com/2020/06/byjus-founders-edtech-covid-19-startup">Rs 350 crore in revenue</a>, despite offering free access to its content. Raveendran had hoped that this amount would only double in the months to come. Byju's is also the second-highest valued Indian startup with an $11 billion valuation after having raised over a billion dollars in this year alone. But the best of the times are yet to come. Long after the virus is gone and normalcy returns, Raveendran hopes that a blended online and offline learning format will be practiced by educators worldwide. At the Global Trends Festival 2020, Raveendran will speak on "Right Idea at the Right Place at the Right Time' in a fireside chat about his own business, edtech as a sector, and how it will shape up in a post-Covid world. SEE ALSO: <a href="https://www.businessinsider.in/trendsfestival" data-type="tilCustomLink"></a><a href="https://www.businessinsider.in/business/news/dont-miss-rana-daggubati-speak-about-the-future-of-storytelling-at-the-global-trends-festival-2020/articleshow/78630087.cms" data-type="tilCustomLink">Don’t miss Rana Daggubati speak about the future of storytelling at the Global Trends Festival 2020</a> <a href="https://www.businessinsider.in/trendsfestival" data-type="tilCustomLink"></a><a href="https://www.businessinsider.in/business/news/watch-out-for-farid-ahsan-who-has-a-finger-on-the-pulse-of-bharat-users-at-the-global-trends-festival-2020/articleshow/78613634.cms" data-type="tilCustomLink">Watch out for Farid Ahsan, who has a finger on the pulse of Bharat users, at the Global Trends Festival 2020</a> <a href="https://www.businessinsider.in/trendsfestival" data-type="tilCustomLink"></a><a href="https://www.businessinsider.in/business/news/watch-out-for-nandini-piramal-on-breaking-barriers-and-transforming-businesses-at-the-global-trends-festival-2020/articleshow/78601109.cms" data-type="tilCustomLink">Watch out for Nandini Piramal on breaking barriers, and transforming businesses at the Global Trends Festival 2020</a>

Hear and learn from Byju Raveendran, the man who made online classes fun, years before COVID, at the Global Trends Festival 2020

New Delhi, Mar 11 () In view of the coronavirus scare, edu-tech major BYJU'S on Wednesday said it will provide free access to its complete app to school students till April.The announcement comes following advisory for schools to remain closed to safeguard the health of students. Students across classes 1-12 can download and access BYJU'S learning programs for free until the end of April, BYJU'S said in a statement.Students in classes 1-3 can access Maths and English lessons and students in classes 4-12 can learn Maths and Science concepts on the BYJU'S app. They can download BYJU'S-The Learning App and Disney BYJU'S Early Learn for free from the Play Store and gain access to the entire library of BYJU'S educational content, the statement said. Students with the pre-installed app (free version) will need to update it in order to access the complete learning content for free.Citing an UNESCO report, BYJU'S said education of over 290 million students across 13 countries will be interrupted because of the COVID-19 crisis. DRR ANUANU

You Searched For "byju education app" and got 11 results

Byju's CEO Arjun Mohan quits, company to consolidate biz in 3 units

IANS

Byju's last two acquisitions and a deal with Disney reveal its American dream ⁠— one that is anchored in India

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BYJU's acquires another American startup, plans to spend $1 billion on US expansion

Kritti Bhalla

BYJU's is willing to shell out 10X of what Great Learning earned during the best year for edtech

Kritti Bhalla

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

BI India Partner

Byju's among world's top 10 education apps downloaded during lockdown

IANS

BYJU'S is reportedly in talks to raise $150 million to become India's most valued startup

IANS

Byju's will now teach kids using Disney characters from Frozen and Cars

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Byju's turns profitable as millions pay for its classes

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Hear and learn from Byju Raveendran, the man who made online classes fun, years before COVID, at the Global Trends Festival 2020

BI India Bureau

BYJU'S announces free access to its learning app amid COVID-19 crisis

PTI

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