Maya Robertson
What is Byju’s?
Byju’s is an India-based edtech company founded in 2012 providing online learning programs for K3, K10, K12, NEET, JEE, UPSC & Bank Exams with personalized video lessons, tests, and one-on-one mentorship programs from experienced teachers.
- Website: https://byjus.com/me/
- Founded Date: 2012
- Founder: Byju Raveendran
- Google Play: Store Link
- App Store: Store Link
Byju’s Revenue Statistics
| Date | Money Raised | Valuation |
| May 2023 | $250 million | $22 billion |
| October 2022 | $250 million | $22 billion |
| March 2022 | $800 million | $22 billion |
| October 2021 | $300 million | $18 billion |
| June 2021 | $350 million | $16.5 billion |
- In May 2023, Byju’s raised $250 million from Davidson Kempner Capital Management, as part of an ongoing $1 billion round. The valuation remained at $22 billion.
- In September 2022, the company announced that it registered nearly Rs. 10,000 crore in gross revenues in FY 22. Between April – July 2022, the company logged a revenue of Rs. 4530 crore. (Byju’s)
- In October 2022, Byju’s announced it has raised $250 million in new funding round at a $22 billion valuation.
- In March 2022, Byju Raveendran, the co-founder and CEO of Byju’s, has invested $400 million into the startup. His backing is part of a larger $800 million round Byju’s has secured, the company said. The round values Byju’s at about $22 billion, a person familiar with the matter said. (Techcrunch)
- In December 2021, Byju’s acquired Austria-based math learning app GeoGebra in a $100 million deal.
- In October 2021, Byju’s raised $300 million at an $18 billion valuation. (Techcrunch)
- Byju’s announced on September 16 that it has acquired coding platform Tynker. The companies didn’t disclose the terms of the deal, but a person familiar with the matter told TechCrunch that the Indian firm is spending about $200 million on the acquisition.
- Byju’s announced on July 26 that was buying professional training and higher education platform Great Learning for $600 million.
- Byju’s announced on July 21 that it has acquired California-headquartered reading platform Epic, which has amassed more than 2 million teachers and 50 million kids, for $500 million.
- As of June 2021, Byju’s has become India’s most valued startup after raising $350 million at a $16.5 billion post-money valuation. (Techcrunch)
- In 2020, Byju’s revenue was more than $100 million. UBS executives said that Byju’s current revenue run rate, as of early 2021, is $800 million. It is expected for revenue run rate to reach $1 billion in the next 12-15 months.
- Byju’s valuation was $11.1 billion as of September 2020.
- Byju’s has become the first edtech startup to cross $2 billion in investments from as many as 17 rounds from 21 investors. (BusinessLine)
- Byju’s plans to generate $140 – 150 million in profit margin in this fiscal year.
- Byju’s doubled its revenue to around $370 million (₹2,800 crore) in the year ending March 2020. (Business Insider)
- Byju’s 2019 revenue for the financial year that ended in March 2019 was $188.8 million with a net profit of $2.8 million. (Techcrunch)
- Byju’s plans for an IPO in the next 24 to 36 months. (BusinessLine)
- Byju’s learning app reported a gross revenue of over 14 billion Indian rupees in financial year 2019, almost triple the revenue of the financial year 2018. (Statista)
Byju’s Usage Statistics
- As of March 2022, Byju’s hit 150 million users, up from 80 million it reached earlier 2021.
- As of early 2021, Byju’s surpassed 80 million users, 5.5 million of whom are paying subscribers.
- As of September 2020, Byju’s learning app added more than 25 million new students to its platform due to lockdown.
- As of September 2020, Byju’s learning app has a total of 70 million registered students and 4.5 million paid users. (BusinessLine)
- As of September 2020, Byju’s had more than 2 million downloads worldwide in Google Play. (Sensor Tower)
- As of May 2020, students, who used to spend 70 minutes on the app per session and come back twice-thrice a week, started to spend 100 minutes per day. (Business Insider)
- In 2019, the number of registered users was 40 million, while there were 2.8 million paying subscribers. (Techcrunch)
- 30% of Byju’s user base is coming from top 100 towns in India and 40% of its paid subscribers are from top 10 cities in India. (BusinessLine)
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