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wwww.etailingindiaexpo.com
Byju’s raises $50 million from Chan Zuckerberg Initiative, others
Educationtechnologystart-upByju’s,ownedbyThinkandLearnPvt.Ltd, on Thursdaysaidithas raised
$50 million fromthe ChanZuckerbergInitiative,andexistinginvestorsSequoiaCapital,Belgian
investmentfirmSofinaSA,LightspeedVenture PartnersandTimesInternetLtd.Byjualsoraisedabout
$5 millioninventure debtfromInnoVenCapital intwotranchesbetweenSeptember2015 and March
thisyear.
eTailing India Thought Corner
Edu-tech commerce educates India
Gone are the days whenyoucribabout not havingenoughresourcestostudyyourfavourite subject.
Whetheritsbasicschool course or hightech IT coding, whetheryouwanttolearnforeignlanguagesor
youwant to learnmusicor any othervocation,e-learning foritis ubiquitous.Withedu-techstartupson
the rise,knowledgeseekerslike usandthe startupsitself are tryingtofinda balancedpathto
knowledge andmonetarygain.
Accordingto Docebo,the inflowof venture capital inthe e-learningspace hasbeenmore than$6 billion
global inthe past 5-6 years.While narrowingdowntoIndia,lastyearTechNavio’sreportassessedthe
CAGR of Indianeducationmarkettogrow at 17.50% inthe periodbetween2014-19. In 2015, 51 deals
valuedat$155 millionwere struckinthe edu-techstartupspace.
“The total spendingoneducationinIndia –bothpublicand private – isaround$150 billion.Of this,
around$50 billionisinthe K-12space,”said T.V.MohandasPai,chairmanof Manipal Global Education
Services.InIndia,the biggestopportunitiestodaylie inthe B2Cspace.“These opportunitiescouldbe in
early-childhood,learning-at-homeproductsforchildren(the space thatMagicCrate isin),to online
tutoring(companieslike Vedantu),tomarketplacesthatconnectstudentswithtutorsviasmartphones,”
-ViswanathanR,co-founderandCEOof Magic Crate.
Key challenges:
wwww.etailingindiaexpo.com
 One of the biggestchallengesisraisingawarenessthroughmarketingespeciallyinTier2and3
cities.
 There’sa lotof competitioninthisspace andcost of acquiringa studentandsustainingishigh.
 Contentcreationhasto continuousprocess
 Convincingthose whouse free contenttopayannuityishardand barely2-3% of usersmake this
switchto learnonline.
 Tough to raise funds
Since e-learning is a disruptiveprocess,creating an experience and simplicity in it will actas strong
differentiators.

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Byju’s raises $50 million from chan zuckerberg initiative, others

  • 1. wwww.etailingindiaexpo.com Byju’s raises $50 million from Chan Zuckerberg Initiative, others Educationtechnologystart-upByju’s,ownedbyThinkandLearnPvt.Ltd, on Thursdaysaidithas raised $50 million fromthe ChanZuckerbergInitiative,andexistinginvestorsSequoiaCapital,Belgian investmentfirmSofinaSA,LightspeedVenture PartnersandTimesInternetLtd.Byjualsoraisedabout $5 millioninventure debtfromInnoVenCapital intwotranchesbetweenSeptember2015 and March thisyear. eTailing India Thought Corner Edu-tech commerce educates India Gone are the days whenyoucribabout not havingenoughresourcestostudyyourfavourite subject. Whetheritsbasicschool course or hightech IT coding, whetheryouwanttolearnforeignlanguagesor youwant to learnmusicor any othervocation,e-learning foritis ubiquitous.Withedu-techstartupson the rise,knowledgeseekerslike usandthe startupsitself are tryingtofinda balancedpathto knowledge andmonetarygain. Accordingto Docebo,the inflowof venture capital inthe e-learningspace hasbeenmore than$6 billion global inthe past 5-6 years.While narrowingdowntoIndia,lastyearTechNavio’sreportassessedthe CAGR of Indianeducationmarkettogrow at 17.50% inthe periodbetween2014-19. In 2015, 51 deals valuedat$155 millionwere struckinthe edu-techstartupspace. “The total spendingoneducationinIndia –bothpublicand private – isaround$150 billion.Of this, around$50 billionisinthe K-12space,”said T.V.MohandasPai,chairmanof Manipal Global Education Services.InIndia,the biggestopportunitiestodaylie inthe B2Cspace.“These opportunitiescouldbe in early-childhood,learning-at-homeproductsforchildren(the space thatMagicCrate isin),to online tutoring(companieslike Vedantu),tomarketplacesthatconnectstudentswithtutorsviasmartphones,” -ViswanathanR,co-founderandCEOof Magic Crate. Key challenges:
  • 2. wwww.etailingindiaexpo.com  One of the biggestchallengesisraisingawarenessthroughmarketingespeciallyinTier2and3 cities.  There’sa lotof competitioninthisspace andcost of acquiringa studentandsustainingishigh.  Contentcreationhasto continuousprocess  Convincingthose whouse free contenttopayannuityishardand barely2-3% of usersmake this switchto learnonline.  Tough to raise funds Since e-learning is a disruptiveprocess,creating an experience and simplicity in it will actas strong differentiators.