Byju's

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Founded by Mr. Byju Raveendran in 2011, Think & Learn Private Limited (“Byju’s” or the “company” - byjus.com/) started as an offline test prep provider for management, engineering and the Indian Civil Services exams, which later expanded into brick and mortar based coaching for school students. Since the launch of its application “The learning app” in August 2015, the company has moved from classroom to app based leaning, Accordingly, Byju’s now follows a self-paced learning methodology using a mix of immersive learning videos, assessments and testing customized to each student’s pace and style of learning, delivered through the app, which has seen close to 4 million downloads till April 2016. The offline/brick and mortar coaching has been phased out since June 2015. The company now has a team of about 800 employees, most of whom are involved in content, media and technology development and are based at the three offices of company in Bengaluru in Karnataka. The proposed investment is an equity investment of upto $15 million in the company for expansion of its education services offering, further technology development and pursue inorganic growth opportunities (“the project”). In the near future, the company aims to use its strong technology platform to foray into international markets to provide K-12 educational content and bringing in revenues from the export of educational services (i.e. developing content for other countries’ curricula).