Mark Zuckerberg-backed Byju’s gets Rs 33 crore from General Atlantic; to launch regional programmes in 2019

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Less than three months after Byjus – one of Indias five most valuable startups raised a massive Rs 3780 crore ($540 million) round from global entertainment group Naspers along withvc. The December 2018 round had valued the company at $3.6 billion making it one of India The company allottedresolution passed and approved by the board of directors of the company on 5th March 2019, the filing said. Worlds most valued edtech startup – Byjus has been raising capital amid its expansion beyond metro and tier one cities even as it is looking at international growth. , and we plan to roll them out within 2019, He claimed of getting almost 75% of Byjus users from outside the top 10 cities, that is more than 1,700+ towns and cities. In January this year, Byjus had acquired the US-based maker of educational games Osmo for $120 million to offering a unique, customized, engaging and fun learning solution for younger kids, Raveendran said. We are launching our K-3 product across the globe and our initial focus is going to be on creating awareness about the benefits of a product. What we are trying to create here is a blended learning experience. The technology Osmo brings to the table can detect shapes, numbers, letters and even images of characters and objects in relatively real-time. Going forward it is this capability that will grow. Imagine a biology classroom where students get step-by-step instructions on how to dissect a frog through software that is watching and correcting their move, Raveendran said in the interaction. Since Byjus app launch in 2015, it has seen 30 million downloads so far. The company has 2 million annual paid subscribers to date. Byjus revenue in the last financial year was Rs 520 crores and is on target to triple its revenue to Rs 1,400 crores this financial year, Raveendran said.

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