VIDEO - Organic growth not enough: Byju
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Byju Raveendran, founder and CEO of India’s largest education technology company Byju’s tells Fortune India that he is in no mood to slow down. “We will accelerate our growth even higher….if we are able to make the new acquisitions work…It is criminal to slow down when things are going so well.”
This year so far, Byju’s has made four key acquisitions, including Singapore headquartered edtech firm Great Learning, Aakash Educational Services—one of India’s foremost players in the brick-and-mortar test prep space, U.S.-based Epic, an online library for kids aged 12 and under and Mumbai-based Toppr, an after-school learning platform.
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Raveendran had set his sights firmly on the endgame: creating a global edtech company. His weapons: a war chest of acquisitions and tailored fast-growth strategies. “This [edtech] is a grossly underinvested and neglected sector globally. Investors have stayed away from it. Globally there are not many edtech companies who have even invested $200 million in developing a product,” he says, adding that the opportunities are self-evident.