India is budding with startups and upcoming initiatives and to rank 4th in this country’s startups, the class is what Byju’s aspires to achieve. An ongoing fund round of about $200-300M is expected to peg Byju’s valuation at $3.5B which could help it rank 4th after Paytm, Ola and OYO rooms.
Byju’s- which can be easily installed for free on any device is an online tutoring application consisting of videos on lectures and concept evaluation to provide a better understanding for all those kids who are a bit slow at grasping or are struggling with a few difficult concepts that have gone right above their heads.
Three informed individuals have even stated that as heavy interest from top late-stage venture and private equity investors boosts its valuation far more than estimated.
If the fundraising evaluation is to close at $3.5 billion, it would multiply the company’s value by at least three and cement its position as the breakout startup of India in the past 5 years. A surge in investor demand too has helped Byju’s by a great deal in raising fresh funds.
Exceeding it’s investor’s expectations by the minute, Byju’s has embarked on a remarkable the journey from an offline based coaching located in Bangalore to all over India.
It has even planned to launch an application for the younger students.