Byju's | |
Company type | Private |
Industry | |
Founded | 2011[1] |
Founders | |
Headquarters | , India |
Area served | Worldwide |
Key people | |
Products | BYJU'S – The Learning App |
Revenue | ₹5,298 crore (US$630 million) (FY22)[3] |
₹−8,245 crore (US$−990 million) (FY22) | |
Subsidiaries | |
Website | byjus |
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 January 2024, Byju's made a valuation ask of $200 million, a sharp fall given its peak valuation of $22 billion in 2022.[5][6] As of April 2023, the company claims to have 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]
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