Byju's will now be seen on the Indian Team Jersey from September 2019 - South Africa Home series onwards
India's online learning market is expected to more than double to $5.7 billion by 2020, according to the government-backed India Brand Equity Foundation
"We are happy to have strong partners like QIA and Owl Ventures on board with us," Byju's founder and chief executive officer Byju Raveendran said in a statement
The QIA deal follows Byju's raising money from the Canada Pension Plan Investment Board (CPPIB), which was also the first direct investment by the Canadian pension fund in an Indian start-up
An IIT Delhi alumnus, Maheshwari will spearhead the charter to strategise, build and lead the global expansion of Byju's
Investment from GA, Tencent to help in international play
By April, the educom will launch Osmo in India
Osmo is a playful learning system which aims to create healthy screen-time experience for children
The improved financial performance of Byju's comes at a time when the company saw its valuation soaring to $3.8 billion
Unlike India, where the edutech firm is catering to Class 4 to 12 students, for the global markets, the target age group is going to be 3-8 years
It is important to evaluate edtech as a sector and understand whether we are looking at the eye of the storm or the start of a new chapter in education
Byju's sells online learning modules for a fee
Launched in 2015, Byju's has 30 million students cumulatively learning from its application and over 2 million annual paid subscriptions
The company was valued at $1 billion at the time of its previous funding round in August 2017
Its learning app has 20 million registered students and 1.26 million annual paid subscribers
"The revenues of Rs 600 crore would be a growth of about 100 percent over last year," Byju's COO Mrinal Mohit said
Byju's, the mobile learning startup, acquired TutorVista and Edurite, from global rival Pearson as it looks to expand its offerings to school students in the US and UK.The Bengaluru-based firm, backed by the Chang-Zuckerberg initiative, did not disclose financials of the deal, but pointed that it would give it access to newer markets as it expands internationally."With increased brand awareness, our core offering - BYJU'S The Learning App has witnessed massive adoption amongst students across grades (classes 4-12). We strongly believe that a product like ours can change the way students learn all across the world. Today, with a wider bandwidth, we have started creating similar products for the international markets that further boost our reach as well as product portfolio," said Byju's founder and chief executive Byju Raveendran in a statement.TutorVista is one of the largest and best-known online tutoring brands catering to school and college students in the US and gets millions of ..