How byjus has started the journey in the world?
introduction-
Byju's is an Indian multinational educational technology company, headquartered in Bangalore. It was founded in 2011 by Byju Raveendran and Divya Gokulnath. As of November 2021, Byju's is valued at US$21 billion, making it the world's most valuable educational technology company.
Awards and nominations-
Year | Award or recognition | Type of award | Result/ranking | Ref. |
---|---|---|---|---|
2010 | CNBC TV18 CRISIL Emerging India Award (Education) | Company | Won | |
2012 | Deloitte Technology Fast 500 Asia Pacific | Company | 321 | |
2013 | Deloitte Technology Fast 500 Asia Pacific | Company | 176 | |
2014 | Deloitte Technology Fast 500 Asia Pacific | Company | 329 | |
2015 | Deloitte Technology Fast 500 Asia Pacific | Company | 167 | |
2016 | Deloitte Technology Fast 500 Asia Pacific | Company | 115 | |
2016 | Wharton Reimagine Education Overall Ed Tech Award (Best Educational App) | Company | Won | |
2016 | VCCircle Awards (Education company of the year) | Company | Won | |
2016 | Future of India Awards | Company | Won | |
2016 | Global Mobile App Summit & Awards (Education) | Company | Won | |
2017 | Express IT Awards | Personal | Won | |
2017 | Deloitte Technology Fast 500 Asia Pacific | Company | 126 | |
2017 | FT/IFC Transformational Business Awards | Company | Nominated | |
2017 | CNBC TV18 India Business Leader Awards (Young Turk of the Year) | Company | Won | |
2017 | Amazon Web Services Mobility Awards (Established Education App of the Year) | Company | Won | |
2018 | Business Standard Annual Awards for Corporate Excellence | Company | Won | |
2018 | EY Entrepreneur of the Year Award (Startup) | Personal | Won |
Byju Raveendran's Career Details-
When he completed the B.Tech in Engineering, Byju joined a multi-national shipping company. And while staying with his friends in Bangalore during a vacation, his friends were preparing for the CAT examination. Byju was good in their studies so his friends asked for help from him.
BYJU helped them and also participated in the CAT examination and scored 100%. He was amazed by the score so he again participated in the CAT examination and again he scored 100%.
Not only he but his friends who took the help of Byju also scored well in the examination. So his friends advised him to start teaching and helping those students who are preparing for the competitive exams.
He thought it is not a bad idea so he accepted this proposal, that day he started his journey of entrepreneurship. In the starting, he used to teach to the CAT participants and used to share his way of scoring 100% in the examination.
Once he found that teaching is the right choice for him, he quit his job came into a full-time teaching career. In the starting he used to teach free for a week, if students liked his way of teaching then he used to charge them.
He started his teaching career from the terrace of his friend's house later as the number of students grew he shifted from the terrace to a professional classroom, and eventually to an auditorium.
There was a time when he was taking classes of more than 20, 000 students across different cities and states of India like Delhi, Pune, Bangalore, Mumbai, etc. By seeing this Byju started recording his lectures in 2009, and he made them available to students across 45 cities.
Due to the first-mover advantage, BYJU got a lot of popularity in a short period, BYJU'S had many free videos on every subject but if someone wanted to view all the videos then they had to subscribe to BYJU'S.
In 2015, BYJU'S had 5.5 million downloads and there were more than 2.50 lacs annual subscriptions.
In 2016 BYJU'S got funded $50 Million by Mark Zuckerberg and his Priscilla Chan's organization- The Chan-Zuckerberg Initiative, and BYJU'S become the first Asian startup funded by the Chan-Zuckerberg Initiative. In 2019, BYJU'S- The Learning App become the official sponsor of Indian Cricket Team Jersey,
Byju Raveendran share in BYJU'S-
Byju Raveendran, his wife Divya Gokulnath, and brother Riju Raveendran have about 33.1% stake in the company worth nearly $3.3 billion.
Brand ambassador of byjus-
Shahrukh Khan is the brand ambassador of BYJU'S App.
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