- Byju’s valuation hit $5.7 billion after latest funding round.
- His learning app is riding the smartphone and edutech boom.
- Self made entrepreneur is joining the ranks of the well heeled.
A former school teacher Byju Raveendran who become the India’s newest billionaire teacher, who developed an education app that grown to a valuation of around $6 billion in just seven years.
Disney Characters Teach Math
Byju Raveendran is a 37 years old entrepreneur, who has said he wants to do for Indian education what the Mouse House did for the entertainment, took his biggest step yet geographically and creatively.
In his new app, Disney staples from the Lion King’s Simba to Frozen’s Anna teach math and English to students from grades one through three.
The same characters star in animated videos, games, stories and interactive quizzes.
“Kids everywhere relate to Disney’s Simba or Moana, who grip kids’ attention before we take them through the loop of learning,” said Raveendran, also chief executive officer.
India is extremely going fast on wealth creation and destruction. A new breed of self made entrepreneurs is joining the ranks of well heeled, helping the country’s ultra rich population grow at the worlds fastest pace.
Learning on the Internet is Boom
Learning everything online is on its peak. Internet is now available everything and smartphones are getting way cheaper so anyone could easily afford to have one to learn online.
“Indian education startups are well set to seize the global opportunity given that they already cater to a large English-speaking base and have created unique education content,” said Anil Kumar, CEO of Redseer Managment Consulting Pvt.
Via : Bloomberg