Byju's
India's most loved tutoring app is on a growth rampage and perhaps one of the rare Ed-tech product innovations that has come out of India in recent times.
Valuation
The Edtech startup is now valued at a valuation of USD10.5billion.
Silver lake - an American private Equity Firm focussed on worldwide large scale investments in technology, technology-enabled and related activities - has decided to invest USD500million in Byju's at a valuation of USD10.5billion.
The Journey
2008 - Among the few who cracked Common Admissions Test (CAT) with 100% score globally and National Math Olympiad winner, Byju Raveendran started BYJU's CAT classes for CAT training
2009 - Starts online video-based coaching for CAT
2011 - Registers as a company called Think and Learn focusing on K-12 segment
2012 - Awarded as fastest growing tech companies in India under Deloitte Technology Fast 50 India.
2013 - Starts raising monies from institutional investors, raises $9million from Aarin Capital Series A fund.
2014 - Launches tablet learning program for competitive exams.
2015 - Secures $25million in Series B round led by Sequoia Capital.
2016-2020 = Raises monies from various reputed investors.
2017 - Acquires learning guidance platform Vidyartha fro an undisclosed sum to boost its personalised learning products. Acquires Tutorvista and Edurite from Pearsons.
2020 - Acquires Whitehat Jr. a Mumbai based coding platform.
