Byju’s Paves the Way for Innovative Learning
Byju’s has been selected by Techspirit as the most promising and innovative teaching guide for all category of students. With their new app, Byju’s has made learning easy, fun and interesting for students as well as aspirants of several competitive examinations.
Education has undergone a sea change with the coming in of new technology. Innovating new modes of teaching to make learning interesting and addictive, is what Bengaluru based Byju’s has been doing.
Byju’s provides coaching for students across subjects from Class VI onwards to test preparation for exams like CAT and GRE. Recently in August 2015, Byju’s came up with an app which got 2.3 million downloads in three months, over 90% of the business and the volume comes through this channel. While one-third of the business was offline in FY15, by FY17 the company expects close to zero contribution from offline classes which are primarily sessions where students’ doubts about what they have learnt can be cleared. However experts believe that there will space for both offline and online model.
Byju’s was founded by 2008 by Mr Byju Raveendran, an engineer by qualification, a CAT topper and National Mathematics Olympiad winner. It is clearly evident that growth seems to be much faster online. From adding 35,000 annual subscribers in entire FY15, Byju’s is now adding close to 15,000 annual subscribers every month. Revenues are expected to increase from Rs 48 crore in FY15 to Rs 125 crore in FY16. Byju’s is not only an education technology company, but also a media company. We employ over 100 people each across the three teams – content, media and technology – so lessons look like movies, said Byju Raveendran. Meanwhile, Byju still takes time out to make new video lectures.
Byju’s has already become the most funded education tech company, having raised Rs 225 crore from Sequoia Capital and Aarin Capital. Byju’s further plans to make international expansion in 2016 and get financed by much bigger rounds of funding.
Features of Byju’s teaching modules:
- Engaging video lessons by India’s best teachers.
- Adaptive testing modules for personalized learning.
- Chapter-wise tests with detailed feedback and analysis.
- A mobile application for anytime, anywhere learning.