Jun 21, 2017, 6:21 PM
(from Bloomberg Technology) As smartphones proliferate and internet quality improves, India’s online education industry is projected to grow five-fold to 9.6 million paid users by 2021. The company that seems most poised to benefit is BYJU'S. Its app has been downloaded 8 million times, and more than 400,000 students pay an annual fee of 10,000 rupees (just over $150) in a country not known to pay for subscriptions. Sequoia Capital, Lightspeed Venture Partners and Sofina are among its big ventures, and it is the only startup in Asia backed by the Chan Zuckerberg Initiative.
“I want to Disney-fy education in India,” said founder Byju Raveendran in a recent conversation at his Bangalore headquarters. “I want to make it engaging and fun not just for the Indian kids but kids everywhere.”
Read the full article at Bloomberg Technology.
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