Controversies, Layoffs, Acquisitions Answered | FO 61 - Raj Shamani

-How did Byju’s become the biggest edtech startup?

-How BYJU's Became the Most Valued Startup of India?

-Why did Byju invest his own money in his startup?

-Why did they sponsor the FIFA World Cup and Cricket World Cup?

-What’s happening with Byju’s employees?

In this latest episode of Figuring Out Podcast we are in conversation with Byju Raveendran, Founder and CEO of Byju's.

BYJU'S was founded in the year 2011 by Byju Raveendran. He is India's youngest billionaire with a net worth of $3.05 billion as per the Forbes list of India's 100 Richest People (2020).

BYJU's The Learning App was launched in 2015 and is currently noted as the most valuable startup from India with a valuation of $22 bn.

Coming from Azhikode, a small village in Kerala, Byju Raveendran was an engineer with a shipping company based in the UK.

While he was working, he started to help his friends prepare for the CAT exam, an entrance exam for getting into the best business schools in India.

To test himself, Byju also gave the exam and secured 100 percentile! He did not join any of the IIMs but started teaching students for their mathematics exams.

Initially, he took mathematics workshops for free and then started charging a fee when he was confident about his prowess.

At one point his workshops were so popular that more than 20000 students participated in one such workshop.

In the year 2009, he started to record videos of the workshops he organized.

His former students who graduated from the IIMs encouraged him to start BYJU’s classes.

‘Think and Learn Pvt Ltd’ was then formed to create content for school students.

He launched Byju’s: The Learning App in 2015, and the app was downloaded by more than 5.5 million people in the first year itself.

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