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A STORY OF BYJU RAVEENDRAN WITH PICTURES ppt.pptx
- 2. INTRODUCTION • BORN IN 1980 IN THE AZHIKODE VILLAGE OF KERALA,INDIA • HE STUDIED AT MALAYALAM MEDIUM SCHOOL • WHERE HIS MOTHER WAS A MATHEMATICS • HE’S FATHER WAS A PHYSICS TEACHER • HE WOULD SKIP CLASSES AND THEN LEARN AT HOME
- 3. CAREER • AFTER COMPLETING HIS B.TECH FROM THE GOVERNMENT COLLEGE OF ENGINEERING • HE JOINED A MULTINATIONAL SHIPPING COMPANY AS A SERVICE ENGINEER • DURING A VACATION IN 2003,HE HELPED HIS FRIENDS WHO WERE STUDYING FOR THE CAT EXAM • HE THEN TOOK THE CAT EXAM AND SCORED IN THE 100TH PERCENTILE • WHEN HE TOOK THE EXAM AGAIN,HE AGAIN SCORED IN THE 100TH PERCENTILE • TWO YEARS LATER, HE CONTINUED HELPING PEOPLE STUDY FOR CAT EXAM, AND BASED ON THE GOOD RESULTS, AND DECIDED TO QUIT HIS JOB
- 4. STARTUPS • IN 2007, BYJU FOUNDED THE TEST PREPARATION BUSINESS • BYJU’S CLASSES, AND THE COMPANY GREW TO STADIUM – SIZE CLASSES. • IN 2011, HE FOUNDED BYJU’S WITH HIS WIFE, DIVYA GOKULNATH • WHOM HE MET WHILE SHE WAS A STUDENT IN HIS EXAM PREPARATION CLASS.
- 5. BYJU’S SUCCESS STORY • IN 2015, AS SMART PHONE SCREEN SIZES INCREASED, BYJU’S LUNCHED AN APP • THIS APP DEVELOPED BY RAVEENDRAN FOR STUDENTS TO LEARN ON THEIR HANDHELD DEVICES • IN OCTOBER 2018, THE APP EXPANDED TO THE UK,US AND OTHER ENGLISH SPEAKING COUNTRIES. • BY JULY 2022, THE APP HAD BEEN DOWNLOADED MORE THAN 150 MILLION TIMES, AND ON AVERAGE, ITS USERS SPENT 71 MINUTES ON THE APP EVERYDAY • HIS COMPANY WAS BOOMED IN MARCH 2022 DURING LOCKDOWN • SO MANY PARENTS ARE INTRESTED TO JOIN HIS CHILDRENS IN BYJU’S TECH • BYJU’S WAS OWNED ALSO HIS COMPETITORS COMPANY • AND BOLLYWOOD ACTOR SHARUH KHAN WAS BRAND AMBASSADOR OF BYJU’S • THE FAMOUS FOOTBALLER, LIONEL MESSI HAS TAKEN OVER THE ROLE OF GLOBAL BRAND AMBASSADOR FOR BYJU’S EDUCATION FOR ALL • BYJU’S WAS THE BRANDING PARTNER OF BOARD OF INDIAN CRICKET COUNCIL AND FIFA WORLD CUP IN 2022
- 6. INVESTMENTS AND INVESTORS • HIS STARTING INVESTMENT WAS 2LAKHS • AND LATER BYJU’S GAINING THE INVESTORS INCLUDING THE CHAN-ZUCKERBERG, SEQUOIA, BOND CAPITAL, SILVER LAKE, BLACKROCK, SAND CAPITAL MANAGEMENT, ALKEON CAPITAL MANAGEMENT, SOFINA, VERLINVEST, TENCENT, PROSUS, CPPIB, GENERAL ATLANTIC, TIGER GLOBAL, QATAR INVESTMENT
- 7. TURNOVER AND NETWORTH • BYJU RAVEENDRAN AND HIS FAMILY ARE RANKED 994TH ON THE GLOBAL LIST OF INDIAN BILLIONAIRES, HAVING RISEN 1005 POSITIONS OVER THE PAST THREE YEARS AND AMASSING A FORTUNE OF $3.3 BILLION ACCORDING TO THE REPORT • AS OF JUNE 2023,BYJU’S WAS VALUED AT $22 BILLION. • AS OF APRIL 2023, THE COMPANY CLAIMS TO HAVE OVER 150 MILLION REGISTERED STUDENTS • HIS PRESENT NET WORTH IS VALUED AT $475 MILLION. • BYJU WAS VALUED AT $1.8 BILLION WHEN IT ENTERED THE FORBES LIST FOR THE FIRST TIME IN 2020.WITH IN TWO YEARS, IT HAD RISEN TO $3.6 BILLION
- 8. FALL OF BYJU’S • OVER SELLING TECHNOLOGY, RATHER THAN COURSES, HAS EMERGED AS ONE OF THE FIRM’S BIGGEST MISTAKES. • BYJU’S WAS SELLING HARDWARE IN THE FORM OF TABLETS THAT DISPENSED STUDY MATERIAL AND BULLDOZED THEIR WAY INTO MAKING PARENTS BUY SUBSCRIPITIONS BY BLACKMAILING THEM ABOUT CHILD’S FUTURE • SO MANY CLASSROOMS WAS EMPTY CURRENT DAYS • BYJU’S WAS SACKED HIS 1000 WORKERS LAST MONTH • LAST YEAR BUJU’S WAS SACKED AROUND 3000 WORKERS
- 9. END OF THE STORY THANK YOU…