From being India’s leading edtech player, unicorn Byju’s has ambitions of becoming the world’s largest education company. Will the journey beyond the shores be as smooth as it has been on home turf so far?
ANNUR IN KERALA CONJURES up the imagery of bloody political clashes between the Left and the RSS/BJP. This coastal district is where Byju Raveendran spent his childhood and early youth. Byju had nothing to do with either Left or Right, though. His passion was Math and sports.
Math is fun. So is a business. This is the line that Byju repeats before investors — that “he does business for the fun of it”. It was for the fun of numbers — much before the fitness watches, he used to count the number of stairs and steps taken — that Byju first started tutoring students, largely acquaintances and referrals, for Math. “It was a batch of 35 students, purely in an informal setting in Bangalore, learning the shortcuts for CAT preparations,” says Byju, as BW Businessworld met up with the 37-year-old entrepreneur in his business-like office in downtown Bangalore.
The baby steps that led to the eponymous Byju’s Classes, today has grown into a $5.3 billion (Rs 38,000 crore) Byju’s: The Learning App, consolidating its predominant Indian space, and foraying beyond the Indian shores.
According to a KPMG-Google report, the online education space in India will be valued at $1.96 billion by 2021, with 9.5 million users. The primary and secondary supplemented education will be the largest category by 2021 with a size of $773 million, growing at a CAGR of 60 percent. Test preparation, on the other hand, will be the fastest growing category in 2021, growing at a CAGR of 64 percent, and valued at $515 million.
Diese Geschichte stammt aus der April 27, 2019-Ausgabe von Businessworld.
Starten Sie Ihre 7-tägige kostenlose Testversion von Magzter GOLD, um auf Tausende kuratierte Premium-Storys sowie über 8.000 Zeitschriften und Zeitungen zuzugreifen.
Bereits Abonnent ? Anmelden
Diese Geschichte stammt aus der April 27, 2019-Ausgabe von Businessworld.
Starten Sie Ihre 7-tägige kostenlose Testversion von Magzter GOLD, um auf Tausende kuratierte Premium-Storys sowie über 8.000 Zeitschriften und Zeitungen zuzugreifen.
Bereits Abonnent? Anmelden
MEMORIES & IMPRESSIONS
Ratan Tata was an exceptional human being. He was a visionary leader, esteemed industrialist, and a humanitarian, who left an indelible mark on India and the world.
The Robotaxi Market
The robotaxi market is shaping up to be a high-stakes battleground as tech giants and automakers race to transform urban mobility.
And the Nobel Prize Goes to AI
The recent Nobel Prize T awards to AI pioneers affiliated with Google have sparked a broader conversation about Big Tech's influence on research and the limitations of traditional prize categories.
Ola Electrified
Once considered a trailblazer in India’s electric vehicle (EV) ecosystem, Bhavish Aggarwal’s Ola Electric now faces a major accountability crisis.
Sharp Slide in Industrial Output on Eve of Deepavali
India’s index of industrial production (IIP) saw a sharp reversal in August, contracting by 0.1 per cent, in stark contrast to the 4.7 per cent growth in July, mostly because of significant contractions in mining and electricity generation.
Heralding the Solar Era with Sustainable Electrification
RAJEEV KASHYAP on the economics of solar power, the hurdles in scaling it, and much more
A WELL-GREASED MACHINE
The OmniBook X14 laptop runs on first-generation Snapdragon X Elite, which bets big on Al-enabled productivity and battery life, but falls short when it comes to overall experience, says Deep Majumdar
DO NOT LETA HEALTH CRISIS RUIN YOUR FINANCIAL HEALTH
For a family of four living in a metro, it is recommended to opt for a family floater health insurance plan with a sum insured of at least Rs 15-20 lakh
Disruption Ahead: Beyond Organisation Charts and Structures
ALBERT EINSTEIN FAMOUSLY said, “We cannot solve our problems with the same thinking we used when we created them.
Dr. Rahul Shivajirao Kadam: A Visionary Leader Blending Sustainability, Innovation, And Social Empowerment
We are on the stage of global warming, and these technologies not only help prevent further damage but also leave behind a better environment for future generations.