Byju's

"Byju" redirects here. For the company's co-founder, see Byju Raveendran.
Think and Learn Private Limited
Byju's
Company typePrivate
Industry
Founded2011; 13 years ago (2011)[1]
Founders
Headquarters
Bangalore, Karnataka[1]
,
India
Area served
Worldwide
Key people
ProductsBYJU'S – The Learning App
RevenueIncrease ₹5,298 crore (US$630 million) (FY22)[3]
Negative increase ₹−8,245 crore (US$−990 million) (FY22)
Subsidiaries
  • Osmo
  • TutorVista (Rebranded as iRobot Tutor TV STEM)
  • HashLearn
  • WhiteHat Jr
  • LabInApp
  • Scholr
  • Aakash Institute
  • Toppr
  • Whodat
  • Tynker
  • Epic!
  • Great Learning
  • Superset
  • GradeUp (Rebranded as Byju's Exam Prep)
  • GeoGebra
Websitebyjus.com Edit this at Wikidata

Byju's (stylised as BYJU'S) is an Indian multinational educational technology company, headquartered in Bengaluru.[4] It was founded in 2011 by Byju Raveendran and Divya Gokulnath. As of October 2024, various media outlets reported that Byju's valuation has now plummeted to zero, down from its peak valuation of $22 billion in 2022.[5][6] In April 2023, the company claimed it had over 150 million registered students.[7]

In April 2024, according to a report by the Times of India, Byju's has laid off approximately 500 employees, mainly from its sales and marketing departments.[8]

The National Company Law Tribunal (NCLT) in July 2024, admitted ed-tech company Byju's parent Think and Learn to insolvency resolution process in a plea filed by the Board of Control for Cricket in India (BCCI) over unpaid dues amounting to over ₹158 crores. The order was later quashed by NCLAT Chennai after the two parties agreed to a settlement.[9][10]

  1. ^ a b Cite error: The named reference entrep was invoked but never defined (see the help page).
  2. ^ "Byju's better half". www.fortuneindia.com. Retrieved 12 March 2021.
  3. ^ "Byju's posts FY22 result after 22-month delay, net loss balloons to Rs 85 crore". Moneycontrol. Retrieved 6 June 2023.
  4. ^ Sahu, Akshaya Kumar; Abhishek, M. (2018). A study of ed-tech industry in India, with a focus on the growth of Byju's (Report).
  5. ^ "Byjus is now worth zero, but no one can stop me from ..., says founder Byju Raveendran". The Times of India. 18 October 2024. Archived from the original on 18 October 2024. Retrieved 18 October 2024.
  6. ^ "Investors leaving board was biggest setback; Byju's now worth zero: founder Raveendran". The Economic Times. 17 October 2024. Archived from the original on 18 October 2024. Retrieved 18 October 2024.
  7. ^ "Learn Math, Coding, Music & Arts Online | BYJU'S USA | BYJU'S Learning | BYJU'S Future School". BYJU'S. Retrieved 5 April 2023.
  8. ^ "Byju's lays off about 500 staffers, nearly half from tuition centre business". The Economic Times. 2 April 2024. ISSN 0013-0389. Retrieved 25 May 2024.
  9. ^ "Byju's averts insolvency proceedings as NCLAT allows settlement with BCCI". The Economic Times. 2 August 2024. ISSN 0013-0389. Retrieved 2 August 2024.
  10. ^ "NCLAT approves Byju's settlement with BCCI, sets aside insolvency plea against edtech firm". The Indian Express. 2 August 2024. Retrieved 2 August 2024.