India’s leading EdTech giant BYJU’S is one of TIME’s 100 Most Influential companies of 2021 in the world. This is the first-ever list of TIME’s Most Influential Companies, which is an extension of the TIME 100 franchise that highlights 100 companies that are making a huge impact in the world.
BYJU’S in TIME Magazine’s 100 Most Influential Companies:
On April 27th, 2021, TIME honored BYJU’S for being one of the most influential start-ups in the world that is dedicated to shaping the future of education with digitalization. On its website, TIME refers to the surge in BYJU’S users that almost doubled during the COVID-19 crisis worldwide. BYJU’S saw 150% growth in new users with 57 million registered students and more than 3.5 million premium users. It has 80 million users and 5.5 million premium users as of now.
How did BYJU’S Make it to the Time’s 100 Most Influential Companies?
BYJU’S has grown into one of the most successful EdTech companies in the world. With humble beginnings as a tuition centre, it transitioned to becoming BYJU’S – The Learning App in 2015. The app offers content for K-12 students and various other competitive exams like JEE, NEET, IAS, etc. It is aiming for a new era of education where students “Fall in Love with Learning” and become self‑initiated learners.
BYJU’S played a major role in the lives of children during the lockdown. As social distancing norms forced students to study at home, BYJU’S went out of its way and offered content free for all on its learning app for a specific period.
TIME highlighted how BYJU’S is now going global and reaching out to new markets fuelled by funding from Tencent and BlackRock. In its vision to promote digital learning, BYJU’S acquired platforms such as Osmo, WhiteHat Jr, and Aakash. The American educational gaming app Osmo has given a foothold to BYJU’S in the US e-learning market. Outside India, BYJU’S announced one-on-one lessons in the United States, United Kingdom, Indonesia, Mexico, and Brazil. The new expansion of “BYJU’S Future School” will offer math, coding tutorials, science, music, English, and fine arts classes in the overseas market.
“The explosive growth has turned BYJU’S into one of India’s most valued start-ups—valuing it at $15 billion, up from $5.5 billion in July 2019.” (TIME)
TIME Magazine:
TIMEis a century-old trusted global media brand that is dedicated to telling stories that inspire most. It runs franchises such as TIME100 Most Influential People, Person of the Year, Best Inventions, World’s Greatest Places, and more. TIME launched a new editorial, TIME Business that will focus on the global impact of businesses in our lives, with an expansion of its franchise adding 100 Influential Companies in the world.
How did TIME decide the list of Influential Companies in the World?
TIME’s global network of editors, correspondents, and industry experts compiled a list of nominations from sectors like entertainment, healthcare, technology, transportation, and others. Then, the nominees were evaluated based on their relevance, influence, impact, innovation, and success. The result is a combination of 100 institutions that are helping to shape the future.
Dan Macsai (editorial director of the TIME100) says: “We’re excited to evolve our TIME100 franchise to explore and interrogate the influence of companies, particularly at a moment when so many of them are shaping our collective future.
