Raveendran is the originator of Byju’s Classes, the Education Technology Company, with a special and attractive tagline “Fall in love with learning”.
The test preparation biz Raveendran set up in the year 2007, assisting CAT candidates to crack the examination by comprehending the ideas following the questions, is currently a well-known personality in the Indian education technology room, teaching mainly maths and scientific theories to children from classes 6-12 together with test preparation for several entrance examinations.
There are a projected 227 million pupils in the country and education is conventionally the main concern for Indians, so it is no wonder that the Indian EdTech market is approximated at $40 million in 2017.
Byju’s had lifted up $75 million in funding from venture capitalists Sequoia Capital and Sofina.
After completing his school education, Raveendran turned out to be an engineer and bagged an IT job, which involved spending many months at a time abroad. During a break in Bangalore during 2003, Raveendran assisted some pals study for the CAT examination, the common entrance examination for IIM as well as other Indian business schools.
“I am obviously excited about our association like anyone else would be. It is a good validation that you are doing something right,” he stated. Surely, now with the stakes so high, you must be feeling the pressure, I pursue.
“I have more expectations from myself than the combined expectations of my investors,” he now gives me a confident smile.
He is in his region.
“You will never find me under pressure. I have given exams and played matches all without any pressure. My only competition is against myself,” he says.
“Your aspirations have to be high. I always feel that tomorrow will be better than today, that next year will be better than this year. And that is what keeps me going. If you think it is enough then the game is over.”
But of course, for Byju the game has just begun.
In 2017, Byju lifted up $140 million in 3 rounds from well known shareholders, comprising $75 million from Sequoia Capital and Sofina during the month of April, a $50-million round headed by the Chan-Zuckerberg proposal, and an additional $15 million from IFC, a financial organization that's part of the World Bank group, during the month of December.
Byju currently has proposals to spread out to the Middle East and reach smaller places of India.