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Byju's

"Byju" redirects here. For the company's co-founder, see Byju Raveendran.
Think and Learn Private Limited
Byju's
Company typePrivate
Industry
Founded2011 (2011)[1]
Founders
Headquarters
Bangalore, Karnataka[1]
,
India
Area served
Worldwide
Key people
ProductsBYJU'S – The Learning App
RevenueIncrease ₹5,298 crore (US$630 million) (FY22)[3]
Negative increase ₹−8,245 crore (US$−990 million) (FY22)
Subsidiaries
  • Osmo
  • TutorVista (Rebranded as iRobot Tutor TV STEM)
  • HashLearn
  • WhiteHat Jr
  • LabInApp
  • Scholr
  • Aakash Institute
  • Toppr
  • Whodat
  • Tynker
  • Epic!
  • Great Learning
  • Superset
  • GradeUp (Rebranded as Byju's Exam Prep)
  • GeoGebra
Websitebyjus.com Edit this at Wikidata

Byju's (stylised as BYJU'S) is an Indian multinational educational technology company, headquartered in Bengaluru.[4] It was founded in 2011 by Byju Raveendran and Divya Gokulnath. As of January 2024, Byju's made a valuation ask of $200 million, a sharp fall given its peak valuation of $22 billion in 2022.[5] [6] As of April 2023, the company claims to have over 150 million registered students.[7]

In April 2024, according to a report by the Times of India, Byju's has laid off approximately 500 employees, mainly from its sales and marketing departments.[8]

The National Company Law Tribunal (NCLT) in July 2024, admitted ed-tech company Byju's parent Think and Learn to insolvency resolution process in a plea filed by the Board of Control for Cricket in India (BCCI) over unpaid dues amounting to over ₹158 crores.[9][10]

  1. ^ a b Cite error: The named reference entrep was invoked but never defined (see the help page).
  2. ^ "Byju's better half". www.fortuneindia.com. Retrieved 12 March 2021.
  3. ^ "Byju's posts FY22 result after 22-month delay, net loss balloons to Rs 85 crore". Moneycontrol. Retrieved 6 June 2023.
  4. ^ Sahu, Akshaya Kumar; Abhishek, M. (2018). A study of ed-tech industry in India, with a focus on the growth of Byju's (Report).
  5. ^ "Byju's cuts valuation ask by 99% in rights issue amid cash crunch". Techcrunch. 29 January 2024. Retrieved 29 January 2024.
  6. ^ "Investors want to both give and not give Byju's more money". Boring Money. Retrieved 20 June 2024.
  7. ^ "Learn Math, Coding, Music & Arts Online | BYJU'S USA | BYJU'S Learning | BYJU'S Future School". BYJU'S. Retrieved 5 April 2023.
  8. ^ "Byju's lays off about 500 staffers, nearly half from tuition centre business". The Economic Times. 2 April 2024. ISSN 0013-0389. Retrieved 25 May 2024.
  9. ^ "Byju's crisis: BCCI plea seeking insolvency proceeding against edtech firm admitted by NCLT". Hindustan Times. 16 July 2024. Retrieved 16 July 2024.
  10. ^ "Byju's Pushed Into Insolvency Proceedings by India Cricket Body". Bloomberg.com. 16 July 2024. Retrieved 16 July 2024.

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