Firstpost
  • Home
  • Video Shows
    Vantage Firstpost America Firstpost Africa First Sports
  • World
    US News
  • Explainers
  • News
    India Opinion Cricket Tech Entertainment Sports Health Photostories
  • Asia Cup 2025
Apple Incorporated Modi ji Justin Trudeau Trending

Sections

  • Home
  • Live TV
  • Videos
  • Shows
  • World
  • India
  • Explainers
  • Opinion
  • Sports
  • Cricket
  • Health
  • Tech/Auto
  • Entertainment
  • Web Stories
  • Business
  • Impact Shorts

Shows

  • Vantage
  • Firstpost America
  • Firstpost Africa
  • First Sports
  • Fast and Factual
  • Between The Lines
  • Flashback
  • Live TV

Events

  • Raisina Dialogue
  • Independence Day
  • Champions Trophy
  • Delhi Elections 2025
  • Budget 2025
  • US Elections 2024
  • Firstpost Defence Summit
Trending:
  • Nepal protests
  • Nepal Protests Live
  • Vice-presidential elections
  • iPhone 17
  • IND vs PAK cricket
  • Israel-Hamas war
fp-logo
Byju's founder, Raveendran polevaults into billionaire club with latest funding of $150 mn
Whatsapp Facebook Twitter
Whatsapp Facebook Twitter
Apple Incorporated Modi ji Justin Trudeau Trending

Sections

  • Home
  • Live TV
  • Videos
  • Shows
  • World
  • India
  • Explainers
  • Opinion
  • Sports
  • Cricket
  • Health
  • Tech/Auto
  • Entertainment
  • Web Stories
  • Business
  • Impact Shorts

Shows

  • Vantage
  • Firstpost America
  • Firstpost Africa
  • First Sports
  • Fast and Factual
  • Between The Lines
  • Flashback
  • Live TV

Events

  • Raisina Dialogue
  • Independence Day
  • Champions Trophy
  • Delhi Elections 2025
  • Budget 2025
  • US Elections 2024
  • Firstpost Defence Summit
  • Home
  • Business
  • Byju's founder, Raveendran polevaults into billionaire club with latest funding of $150 mn

Byju's founder, Raveendran polevaults into billionaire club with latest funding of $150 mn

FP Staff • July 29, 2019, 22:56:08 IST
Whatsapp Facebook Twitter

Founded in 2008 by Divya Gokulnath and former teacher Byju Raveendran, BYJU’S offers a learning app, was launched in 2015

Advertisement
Subscribe Join Us
Add as a preferred source on Google
Prefer
Firstpost
On
Google
Byju's founder, Raveendran polevaults into billionaire club with latest funding of $150 mn

Byju Raveendran, the founder of BYJU’s learning app, has joined the billionaire club. The Bengaluru-based learning app’s parent firm, Think & Learn Private Ltd recently raised $150 million led by Qatar Investment Authority, a sov­e­reign wealth fund in Qatar. The deal placed the education app’s value at nearly $6 billion polevaulting Raveendran into the billionaire club. The latest round  funding in Byju’s also included maiden investment from Owl Ventures, a Silicon Valley-based venture capital fund. Owl invests in education technology companies globally. Think and Learn Pvt. Ltd, which runs Byju’s, grew its revenue threefold in 2018-19 to Rs 1,430 crore and turned profitable on a full-year basis, according to media reports.  In April 2019, BYJU’S crossed Rs 200 cr in monthly revenue and was expecting a revenue of over Rs 3,000 crore this year. Raveendran, a former school teacher owns over 21 percent stake in the company, according to media reports. [caption id=“attachment_7076981” align=“alignleft” width=“380”] ![Byju Raveendran. Pic courtesy Facebook](https://images.firstpost.com/wp-content/uploads/2019/07/byju-R_380.jpg) Byju Raveendran. Pic courtesy Facebook[/caption] Founded in 2008 by Divya Gokulnath and former teacher Byju Raveendran, BYJU’S offers a learning app, was launched in 2015. Raveendran  developed the education app. It offers learning programmes for class 6-12 and test preparation for competitive exams  JEE, AIPMT, CAT, IAS, GRE & GMAT. It has learning programmes for students in classes IV-XII along with courses to help students prepare for competitive exams like JEE, NEET, CAT, IAS, GRE, and GMAT. It claims to have 35 Mn registered users with 2.4 million paid subscribers. The online tutoring app has got a who’s who list of people backing it.  Byju’s has raised over $240 million from Tencent, Verlinvest, Chan-Zuckerberg Initiative, Sequoia Capital, Lightspeed Venture Partners, Aarin Capital, among others. In July 2017, it raised about $40 million from Tencent, after raising $30 million from Verlinvest some months earlier. Early in June, Byju’s said it is rolling out a new app with The Walt Disney Company. It is aimed at  teaching math and science with cartoon characters like Donald Duck and Mickey Mouse to children aged 6-8 years. “I am inspired by Roger Federer. At 35, or 37, he’s playing better than he was at 21 or 24. That is what I aim to do. Compete against myself. And, create leaders who are better than me,” said Byju to BusinessWorld in a recent interview.

Tags
Technology Roger Federer Walt Disney Company Sequoia Capital TenCent Lightspeed Venture Partners BYJU's Chan Zuckerberg Initiative Byju Raveendran Verlinvest edtech
End of Article
Latest News
Find us on YouTube
Subscribe
End of Article

Impact Shorts

Tata Harrier EV vs Mahindra XEV 9e: Design and road presence compared

Tata Harrier EV vs Mahindra XEV 9e: Design and road presence compared

The Tata Harrier EV and Mahindra XEV 9e are new electric SUVs in India. The Harrier EV has a modern, familiar design, while the XEV 9e features a bold, striking look. They cater to different preferences: the Harrier EV for subtle elegance and the XEV 9e for expressive ruggedness.

More Impact Shorts

Top Stories

Israel targets top Hamas leaders in Doha; Qatar, Iran condemn strike as violation of sovereignty

Israel targets top Hamas leaders in Doha; Qatar, Iran condemn strike as violation of sovereignty

Nepal: Oli to continue until new PM is sworn in, nation on edge as all branches of govt torched

Nepal: Oli to continue until new PM is sworn in, nation on edge as all branches of govt torched

Who is CP Radhakrishnan, India's next vice-president?

Who is CP Radhakrishnan, India's next vice-president?

Israel informed US ahead of strikes on Hamas leaders in Doha, says White House

Israel informed US ahead of strikes on Hamas leaders in Doha, says White House

Israel targets top Hamas leaders in Doha; Qatar, Iran condemn strike as violation of sovereignty

Israel targets top Hamas leaders in Doha; Qatar, Iran condemn strike as violation of sovereignty

Nepal: Oli to continue until new PM is sworn in, nation on edge as all branches of govt torched

Nepal: Oli to continue until new PM is sworn in, nation on edge as all branches of govt torched

Who is CP Radhakrishnan, India's next vice-president?

Who is CP Radhakrishnan, India's next vice-president?

Israel informed US ahead of strikes on Hamas leaders in Doha, says White House

Israel informed US ahead of strikes on Hamas leaders in Doha, says White House

Top Shows

Vantage Firstpost America Firstpost Africa First Sports
Latest News About Firstpost
Most Searched Categories
  • Web Stories
  • World
  • India
  • Explainers
  • Opinion
  • Sports
  • Cricket
  • Tech/Auto
  • Entertainment
  • IPL 2025
NETWORK18 SITES
  • News18
  • Money Control
  • CNBC TV18
  • Forbes India
  • Advertise with us
  • Sitemap
Firstpost Logo

is on YouTube

Subscribe Now

Copyright @ 2024. Firstpost - All Rights Reserved

About Us Contact Us Privacy Policy Cookie Policy Terms Of Use
Home Video Shorts Live TV