Byju's is an online education platform that offers online courses and self-learning content at affordable prices. It was founded in India in 2011 by Byju Raveendran, who has a Ph.D. in computer science. In 2012, Byju’s became the first Indian startup to receive funding from Silicon Valley venture capitalists Sequoia Capital and Bessemer Venture Partners. Byju’s is now available in 16 countries across Asia, Africa and Europe, with plans to expand globally in the near future.
Byju’s has been widely recognized by various organizations and media groups as a leader in Indian education technology space. The company has won numerous awards including the Best Education Startup Award at the 2014 edition of NASSCOM Product Conclave (the largest B2B product event in India), the Best Entrepreneurial Innovation Award at 2015 Startup Awards (the largest startup awards event in India), and the Best Startup of 2016 award at CIIE Impact Awards (the highest honor for business leaders). It has also been featured on TV channels such as CNBC, CNN and NDTV among others.
The company has won numerous awards including the Best Education Startup Award at the 2014 edition of NASSCOM Product Conclave (the largest B2B product event in India), the Best Entrepreneurial Innovation Award at 2015 Startup Awards (the largest startup awards event in India), and the Best Startup of 2016 award at CIIE Impact Awards (the highest honor for business leaders). It has also been featured on TV channels such as CNBC, CNN and NDTV among others.
Of its growing business model, BYJU's also has a stake in Aakash Educational Services (AES), a leading private education provider in India. AES offers quality international education for children ranging from pre-school to post-graduation. AES provides complete international education programs that cater to the educational needs of children between the ages of 4 and 18. AES’s child care centers are located in India and overseas. AES also offers an online English learning platform, which includes courses for preschoolers, kindergarteners, elementary school kids, and high school students.
In addition to offering international schools, AES aims to build a culture of global citizenship among Indian children through community engagement initiatives. AES is committed to empowering children to be global citizens who understand their world and how they fit into it.
AES believes that all children should have the opportunity to learn about their global community and feel pride in their heritage. Through community engagement initiatives such as supporting local schools with supplies or working with local NGOs, AES seeks to foster a sense of global citizenship among Indian children.
Aakash Educational Services is preparing for a $1 billion IPO for its tutoring business. The company has attracted investment from large technology companies such as Microsoft and Intel. It currently has 30 employees and has been working on its product for five years. It has raised a total of $22 million from investors including Accel Partners, IDG Ventures, and Tiger Global Management.
Aakash Educational Services has over 250 centers across India and 1,500 employees. It offers both offline and online courses. The company has been profitable since FY14.
The company plans to use the IPO proceeds to expand its reach and scale its operations. It also plans to invest in technology and product development.
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