Byju's to offer courses in Hindi from next year
Online learning startup, Byju’s, expects to turn profitable and eyes a billion-dollar valuation this year.
Just two years after it launched its popular learning app in August 2015, Byju's founder, Byju Raveendran claims that the app has been downloaded eight million times and has converted over five per cent of its users to pay for the content to achieve revenues of Rs 260 crore last year.
The firm reported profits in the last quarter, but ended the whole year with a loss.
Byju Raveendran, Founder, Byju's, said, "We have 89 per cent renewals on our paid app. This shows that students are liking our product. We will be a profitable unicorn soon."
The start-up provides a K-12 learning app, which offers learning programmes for students in classes 4-12 and for those preparing for competitive exams.
The firm is also building courses to tap the international market and offer courses in local languages starting from Hindi next year.