New Delhi. Byju’s Learning App has also got a place in the most downloaded education app worldwide from Google Play Store during the lockdown. Byju’s is also included in the Top 10 Education App downloaded during this period. Sensor Tower Report 2020 has given information about this in a report released for April 2020. After the closure of schools and other educational institutions in March 2020, Byju’s announced the free learning program.
After this, 60 lakh students have joined this learning platform in March. In April, about 75 lakh students started using Byjus. The trend of online study programs has increased rapidly amid the lockdown due to Kovid-19.
Mrinal Mohit, Chief Operating Officer, Byju’s said, “We are fortunate that we have got a positive response in this crisis as well. The number of students joining our learning program has increased by 3 times.
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Byju’s Learning App was launched by Byju Ravindran in the year 2015 for school children. From CAT, Civil Services Exam, JEE, NEET to Management Admission Test can be read in this learning app. Investors have invested hand-in-hand in this unique app in itself. Venture capital fund Sequoia Capital and a Belgian investment company had invested $75 million. Anywhere in India education startup It was the biggest investment I’ve ever made. Many other companies have invested heavily in Byju’s.
Ravindran in the list of Forbes 100 Richest Indians
Last year, 6 new names were included in the list of 100 Richest Indians 2019 by Forbes Magazine. One of these names is the name of Byju Ravindran, the 38-year-old founder of Byju’s – The Learning App. Today we are going to tell you about the success story of Byju’s.
fast growing revenue
Byju’s-The Learning App is one of the few startups in the country, which has grown 100% for three consecutive years. In the financial year 2019, the growth of this company increased to 200 percent. Earlier this year, Byju’s declared that the company’s revenue in FY19 stood at Rs 1,430 crore. Regarding this tremendous revenue of Byju’s, it is being said that more and more students across the country have started liking this app. The number of paid subscribers of this app is increasing rapidly.
Why Byjus is becoming increasingly popular?
The most important thing about Byju’s being popular is the learning approach. Animation, gamification are used in videos in this app, which students like very much. However, for this, the Byjus team had to work hard continuously for four years. At present, students spend on an average more than an hour after logging on to this app.