The remarkable journey of Byju Raveendran from a teacher to a billionaire
- India's billionaire club added a new member, Byju
- Raveendran holds more than 21% stake in the Bengaluru-based educational technology and online tutorial firm, which makes him a billionaire.
- He started his journey as a teacher.
The latest round of $150 million funding from
Raveendran holds more than 21% stake in the Bengaluru-based educational technology and online tutorial firm, which makes him a billionaire.
He once gave the Common Entrance Test (CAT) for fun and scored 100 percentile. However, Byju decided not to go Indian Institute of Management, a premium business school in India even after getting the maximum marks twice.
Soon he left his highly-paid job started coaching his friends for CAT, as a full-time teacher.Advertisement
He took classes from a single room, then moved to a hall and then to a stadium.
Byju's tripled its revenue to ₹1,430 crore in the financial year 2018-19 and also turned profitable on a full-year basisAdvertisement
Byju's has already crossed ₹200 crore in monthly income and is estimating revenue of Rs 3,000 crore this year.
From September onwards, Team India will bear Byju's brand on their jerseys, replacing Chinese mobile-maker Oppo.Advertisement
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