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Byju's

$8B video learning platform

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In the moments

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Story

Byju's: the teacher who sold out stadiums became an $8 billion company

Shaan recounts Byju Raveendran, who started as a small-town test-prep teacher in India and grew so popular he sold out stadiums of students, then turned it into a for-profit video learning platform now worth $8 billion. A YC company in this batch is run by Byju's former lead instructor, who claims the original has under 15% retention.

“People wanted to learn from him to the point where he was selling out stadiums of people coming to watch him teach math. And, uh, that was when I saw the picture of the stadium, I thought, this is remarkable. Then, uh, he turned it into an online learning platform, basically a video-based teaching platform, sort of like Khan Academy but for profit, and it's an $8 billion company now.”
EP 60 · 16:25 · SHAAN
Read at 16:25
mfmindex.com№ 0060-985
Fact

Why edtech wins in India: parents pay anything for education

Shaan explains the two structural reasons education companies like Byju's thrive in India: culturally, education is the number-one spend even for poor families, and the population is so large that taking a few dollars from a huge number of people builds a massive company.

“Indians are willing to pay anything for education, and they don't really pay anything for anything else. Um, so, you know, entertainment is, is usually lower on the list, although Bollywood does well. But like, on a per capita basis, where you're going to spend your money education is sort of number one for Indians. So that's the first part. Second part is they have such a huge population, so you can take a really small amount of money from such a huge number of people and build a very big company.”
EP 60 · 18:01 · SHAAN
Read at 18:01
mfmindex.com№ 0060-1081