When we are kids, the responsibility of our education and wellness are upon our parents, they decide and get our admission to a good school, so that our future would be better than theirs. They provide the best education up to their strength and sometimes beyond their ken also. Education is a need for survival. Survival in the sense, to be in good condition and resourceful in future. Education brings everything. It helps in the development of Mindset, skill, proficiency of a person. Without education, life is useless. The content here, which we are reading now is because of the education we have got. In simple words, we can say education is the vital force that can accelerate a person towards success. The process and mode of education must change with the development of technology and society. Litracen can be maximized with the development of the mindset of a society.
Still, a lot of people are there who believe, education is before a particular gender. We are still living in a patriarchal society. In this society, education is getting prioritized for males. Females are restricted to study in many parties of our country. The whole process of education and success is one of the hardest parts of life. The milestones of getting a successful life, which it includes a marriage life, children, owning a home, and retiring in the age of sixties. While this whole process from young till getting old is the process in which you have to fulfill many agreements. In short, it is that magic wand that can open all the doors of success. Now meaning and mode of education have changed. Students and young ones aren’t only depending upon their school or tuition for their studies. Now the mode of study went gone online.
Online mode of study is in prevail nowadays. Pandemic has overlapped the entire world. Covid pandemic causing a lot of harm to the human population. Students are confined to their homes. They can’t go to their schools. Students are now studying at home. Students can’t make a physical presence in the school. Teachers are also restricted to be at their homes. Even colleges and big institutions are providing online classes. Many only platforms are available by which a student can continue their studies. These online platforms are providing total course studies to students. These online platforms can also help those people who can’t go to any situation or college owing to their work or some different reasons. These online platforms are helping students from all over India in their studies. These platforms have efficient and skillful teachers to teach students and guide them in the right way.
Still, it will take a long time for Indian students to fully adapt to online studies like other countries. Today we are going to talk about one such online platform, which is helping students in their studies and guiding them to be competent in their studies. Byju is one such online study platform, which has gained a lot of recognition in the last few years. Byju Raveendran is the man behind the idea of the byju study platform. Byju Raveendran was working in a multinational company as a service engineer. During his vacation to India, he decided to teach some of his friends who were preparing for the CAT entrance examination. From there, his life moved towards an entrepreneur from an engineer. Byju Raveendran appeared twice for the CAT exam and score 100 percentiles. His mindset was clear, he started teaching a lot of students who are appearing for CAT examination in offline mode.
Byju online platform was formed in the year 2011 by Byju Raveendran. in its initiation days, Byju online platform started as a place where a student could watch recorded classes through the website. Through all the ups and downs byju came out to be the most successful start-up venture in India. Today Byju is available on android as well as on the IOS platform. Now more than 35 million students are enrolled in Byju. More than a 2.5million students are active users of the Byju app and subscribed to a monthly or yearly study plan. India’s leading start-up is now going to add another feather to its cap. Byju, India’s pioneer education platform is raising about $150 million from UBS Group AG. This will make Byju valuation of about $16.5 billion. Owing to this deal, Byju will become one of the top start-ups in India in terms of generation of revenue.
The funding in the Byju will be made by a company of UBS Asset Management. UBS saw the perpetual goal of Byju and reckoned to make a huge investment in the Indian education platforms. This investment will clear all the doubts and confusion of those people who were thinking that Byju’s business is towards a downward slope. Sources said that Byju is in the talk with UBS for further investment. If it will happen in near future. The total investment procures by UBS Asset management will be around $300 million. Byju is in its golden period of proliferation. Many big firms and investors are looking upon this start-up to make an investment. People who are working with Byju also told that Byju is in talks with a big investor for an additional investment of $400 million. In the last month, byju successfully came into a deal with Facebook Inc. co-founder Eduardo Saverin’s B Capital Group as well as Baron Funds and XN and raised a fund of about $1 billion.
This start-up is growing at a full pace. Many big and small firms want to be in business with Byju Owing to its significant progress in the last couple of years. With these investments, byju will eventually cross the most successful start-up “Paytm” in the capital. Paytm is now valued at $16 billion. Neither UBS Asset management nor Byju has revealed any details about the further investments. Both the companies are working behind the doors. Many prominent and big companies are in line to make an investment in this proficient start-up. But none of them revealed anything about their plan. In a recent interview, Byju Raveendran told to the interviewers that a lot of students and teachers are facing difficulties owing to the ongoing pandemic. Now students, as well as teachers, are looking forward to online study platforms. Byju’s eponymous K-12 app gathering a lot of attention from teachers as well as students.
This app is generating a lot of revenue. K-12 has over 80 million registered users on it. This app provides teachers a new methodology of teaching. Students are innovatively taught by a teacher. Maths and science teaching techniques have been made interactive by making students understand the basics of maths and science with the help of infographic videos and games. Byju is on the path of acquisition of some other start-ups also, recently it took over a coding teaching company, which was working on one-on-one coding teaching technique. Byju has also acquired a teaching platform, which was in offline mode of test preparations and classes especially for graduates, engineers, and medical students. After growing at a record pace during the lockdown and pandemic situation in India. This platform has helped a lot of students and teachers of India during hard times.
It has also generated a lot of revenue during that period. That is the reason why big companies and investors are looking forward to Byju. Byju has decided to be on the international platform. Byju has hastened its discourse towards making a presence in the international platforms. It has renamed its coding lesson unit to Byju’s Future School. Now Byju’s one-on-one coding and math lessons have made their way to the U.S., U.K., Australia, as well as Mexico, in Spanish, and Portuguese in Brazil. The future of this start-up is prolific and everlasting. The understanding younger generation is a tough task. It requires a well-defined thought process to understand what’s going inside the mind of a child. People can see Byju as a start-up or a company. But in the real meaning it is a hope for millions of kids and students to be a part of civilized tomorrow and in progression with development.
It is seen that young and old on one key point: there are prominent majorities of both groups said they believe it’s harder for children today to start their lives and to start their career. It was for earlier generations. While it is seen that younger people are somewhat more optimistic and are more concerned than their elders about their first stepping into the careers today, there is a big majority of both groups these groups are “just getting started in their life “which is getting face a tougher climb than earlier generations in reaching such remarkable achievements for securing such a good-paying job. This makes an honest start for a family, managing debt, and finding a reasonable house. It is seen that older and younger adults are separated somewhat or more once they are asked to compare the challenges of facing those that are starting today with some confronted earlier generations.