Byju's to offer courses in Hindi from next year
Byju's to offer courses in Hindi
from next year
Online
learning startup, Byju’s, expects to turn profitable and eyes a billion-dollar
valuation this year.
Just two
years after it launched its popular learning app in August 2015, Byju's
founder, Byju Raveendran claims that the app has been downloaded eight million
times and has converted over five per cent of its users to pay for the content
to achieve revenues of Rs 260 crore last year.
The firm
reported profits in the last quarter, but ended the whole year with a loss.
Byju
Raveendran, Founder, Byju's, said, "We have 89 per cent renewals on our
paid app. This shows that students are liking our product. We will be a
profitable unicorn soon."
The start-up
provides a K-12 learning app, which offers learning programmes for students in
classes 4-12 and for those preparing for competitive exams.
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