Let’s imagine you are sitting in a crowded class, and the teacher is clarifying an important question. While it appears that every other person is understanding the concept and going at the same pace as of teacher by nodding their head, you are feeling somewhat strange, as each word being explained is bouncing off your head. Can you compare yourself to this situation? Well! This is the most common issue that everybody experiences. But thanks to the founders of an EdTech startup, who started an online education model to fill this gap. The startup founder we discuss here is no other than Byju’s founder, who is making a global impact through his tagline – “Fall in Love with Learning.”
Byju’s conquer the tag of “Decacorn,” an informal term used for private companies valued at $10Bn or more.Byju’s founder doesn’t get his prosperity in the short-term. It takes time and passion for reaching there. Let’s have a look at the extraordinary journey of – Byju Raveendran.
Early Life Of Byju’s Founder
Byju Raveendran was born in 1980 in Azhikode, Kerala. He goes to a Malayalam medium school where both of his parents used to teach. His dad, Raveendran, is a retired mathematics teacher and his mom, Shobhanavalli, is a retired science teacher. Since childhood, Byju has been keen on sports. Even though his parents were teachers, they generally focused on sports’ importance and encouraged him to try various games. He played football, cricket, table tennis, and badminton during his school and college days.
Even he is so good at sports, Byju never thinks to seek a career in sports. He had chosen to go in engineering or medical line. He thinks that if he opted for medical, he would never get time to play; so, he decided to become an engineer, unaware that he will be Byju’s founder and will change the lives of billions of students.
He has done his B.Tech (mechanical designing) from Government Engineering College in Kannur, Kerala. Byju’s founder, Byju Raveendran, worked in a multinational transportation firm as a service engineer. But his enthusiasm lay in teaching, which later inspired him to start Byju’s.
Byju’s founder and teacher, Byju Raveendran, is also an expert sportsperson who played six different games, including football, cricket, table tennis, and badminton, at the university level.
Journey From Teaching Student to Byju’s Founder
In 2003, during his two-month break from his abroad job, Byju chose to help a few of his friends going for CAT in Bangalore. It was just a casual help, and he also gave the exam and scored 100 percentiles. He began teaching some friends, and took up the exam once more in 2005 without any preparation, and scored an ideal 100 percentile once more.
This time he also showed up for IIM-A, B, C interviews and passed in all. He chose not to seek an MBA and rather observed potential in himself of teaching students how to crack CAT. Thus, considering everything, it was simply by chance that he took the entrepreneurial way and became Byju’s founder, yet teaching was the decision he made. Gradually and consistently, through word of mouth, that the number of students increases. It tends to be an extraordinary kind of offline teaching as he would educate more than 1000 students in an auditorium in 2007.
In the year 2009, he started making recordings of the workshops that he took. Then one of his former students who graduated from IIMs approached him, suggesting that he should start Byju’s classes to a new sphere. And then the ‘Think and Learn Pvt Ltd’ was established to create content for school students. In 2015 Byju’s founder launched – The Learning App, and in the first year itself, the app was downloaded by more than 5.5 million people.
From Startup To Decacorn Company
With the COVID-19 pandemic spreading globally and nations going into lockdown, the education system becomes online. When schools are closed down because of COVID-19, Byju’s founder has made its learning application free for all students.
In March and April, Byju’s additional gained 1.35 crore users. Byju’s founder declared that they would be the first EdTech to provide free study material for all after the lockdown. That got the ed-tech unicorn, which was already successful with another flood of users.
As indicated by some reports, the current valuation of Byju’s stands at $10.5 billion after raising an undisclosed amount of funding from BOND, a worldwide investment firm. With a $10.5 billion valuation, Byju’s has become India’s third decacorn after Paytm and OYO. This is BOND’s very first investment in India.