Byju Raveendran becomes one of India's youngest billionaires

Marco Green
July 30, 2019

The rapid expansion of the Byju's App, which has grown in valuation to nearly $6 billion, has reportedly increased the wealth of its founder, Byju Raveendran, making him India's new addition to the billionaires' club. Raveendran, a former classroom teacher, joined the exclusive club after his Think & Learn Pvt secured $150 million in funding earlier in July. The founder owns more than 21 percent of the company, thus paving his way into the billionaires club.

Byju Ravendraan gave the Common Aptitude Test exam (CAT) twice and cracked the exam by scoring 100%.

At the time, Byju Raveendran, founder and CEO, BYJU'S, said, "While profitability is an important milestone for us, as a company our main focus continues to be on creating engaging learning experiences that will empower students to learn better". "The challenge, therefore, has always been around changing the perception about how children should learn".

Think and Learn Private Ltd, the Bangalore based education technology and online tutoring firm known by its common brand name- BYJU'S, will collaborate with Walt Disney extend it's operations in America. His latest collaboration would see Disney characters such as Lion King's Simba teach Math and English to students from first to third standard.

Online learning is booming in India where internet usage is exploding because of the ubiquity of cheap smartphones and low-price data plans.

The ed-tech firm offers learning programmes for students from classes 1 to 12 in India.

Byju's app is set to replace smartphone maker Oppo as the Indian cricket team official jersey sponsor in September, the Board of Control for Cricket in India had announced on Thursday.

Other reports by Click Lancashire

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