Verlinvest invests in BYJU’S, Indian largest ed-tech company todayMar 28, 2017
Bengaluru, 28th March, 2017 – Verlinvest, a large Belgian family-owned, consumer-focused, diversification investment holding company announced its investment in BYJU’S, India’s largest ed-tech company today. This new round will help boost BYJU’S international expansion & acquisition plans.
Creator of the largest K-12 learning app, 8 million students are learning from the BYJU’S app today. With close to 4,00,000 paid annual subscriptions till date, the newly launched version of the app has taken learning to the next level through personalized learning journeys and access to quality content and top teachers for students across classes 4-12.
Commenting on this investment, Frederic de Mevius, Chairman of the Board, Verlinvest said, “We are excited to join hands with Byju Raveendran on his inspiring journey to bring effective learning online. We believe online learning has great potential globally and the BYJU’S product addresses this with an innovative and compelling proposition. Verlinvest prides itself on being a daring investor in the consumer world and enabling entrepreneurs through inspiring journeys. Byju fits well within this vision.”
Nicholas Cator, Executive Director, Verlinvest added, “We are very happy to partner with the talented team at BYJU’S to expand in India and abroad. A 1:1 learning experience is a dream ratio, and it is very encouraging to see that an Indian company has created a product which closely addresses this need by offering engaging and personalized learning experiences enabled by technology. We have seen a lot of edtech companies, but BYJU’S offers personalized learning to an extent which we haven’t seen in any product across the globe. We look forward to supporting the management team to expand to new markets and to further build the brand.”
Byju Raveendran, Founder & CEO, BYJU’S said, “Our partnership with Verlinvest will further boost our aspiration to change the way students learn across the globe. In the last 18 months, we have witnessed exponential growth in India. While these numbers are very exciting, there is a long way to go before we can call it a revolution. The fact that we are still reaching to less than 1% of the student population, shows the immense potential and the impact we can create. In fact, our teams are continuously working towards creating learning products that will enable our efforts to make learning more accessible, engaging and personalized for students.”
From test prep classes to a world class learning app –brand BYJU’S is redefining learning by using technology as an enabler; in fact, all the products are completely made in-house. Offering personalized learning experiences based on pace and style of learning of every student through technology, BYJU’S is creating new learning experiences for students across grades. The learning app has seen a high annual renewal rate of 90%, which is a big validation of its effectiveness.
About Verlinvest: Founded in 1995, Verlinvest is a private Belgian family investment company with offices in Brussels, New York and Singapore. It currently manages over €1.5 billion. Verlinvest specializes in growth capital with the objective to diversify its investors’ holdings for the long term by making private investments in branded consumer companies in the F&B, retail & hospitality, consumer digital and education segments. Some of its portfolio companies include Vitacoco, Sula wines, Future group, Lazada, XSEED and Global Fashion Group.
About BYJU’S : BYJU’S is India’s largest Ed-tech company and the creator of India’s largest K-12 learning app which offers highly adaptive, engaging and effective learning programs for students in classes 4-12 (K-12) and competitive exams like JEE, NEET, CAT, IAS, GRE and GMAT.
Launched in 2015, BYJU’s has become the most loved and preferred education app for students across age groups with 8 million users and 4,00,000 annual paid subscriptions. With an average time of 40 minutes being spent by a student on the app every day from 1701+ cities and towns, the BYJU’S app is making learning enjoyable and effective. Annual renewal rates are as high as 90%.
Delivering world class learning experience, BYJU’S is making learning contextual and visual, and not just theoretical. The learning app is paving the way for new-age, geography-agnostic learning tools that sit at the cross section of mobile, interactive content and adaptive learning methodologies. To know more about the company, please download the app (Available in Play Store & App store) or visit us at https://byjus.com/