The Bengaluru-based Edtech decacorn, BYJU’S is piloting the hybrid learning model through its learning centers to 100 million users. The centers will be referred to as BYJU’S Learning Centres and BYJU’s intends to scale it up nationally. Currently, the company is looking to recruit several teachers and business development executives across the country. It is also planning to onboard 50 business development executives in Chennai.
The hybrid learning model comes as a development after BYJU’S raised $296 Mn in Series F funding from Edelweiss, Verition Fund, and others.
BYJU’S Hybrid Learning Offers the Best Of Both Online And Offline Education
The BYJU’S hybrid learning model will deliver lessons to students belonging to classes 6th to 10th. Initially, it will focus on subjects like physics, chemistry, biology, and mathematics. The lessons will either be delivered in person with the help of a teacher or through video conferencing. In fact, this model is quite similar to what Aakash (owned by BYJU’s) planned to implement.
When Aakash got acquired by BYJU’S, the founder of BYJU’S quoted that, “The future of learning is hybrid and this (BYJU’s and Aakash) union will bring together the best of offline and online learning, as we combine our expertise to create impactful experiences for students.”
BYJU’S: Acquisition and Developments
Edtech unicorn BYJU’s had raised $150 million in September during an investment round led by Asmaan Ventures and ARK Ncore. It had allotted 38,705 and 6,045 Series F preference shares to Asmaan Ventures and to Mirae Asset and ARK Ncore respectively. The cost of each share was INR 2,85,072.
The Indian Edtech giant which is valued at $16.5 billion has spent around $2.6 billion on acquisitions since its inception in 2011. Recently, it acquired Tynker – a U.S.-based coding startup for $200 million. Further, it plans to go public in another 14 to 21 months with an IPO which would value the company at around $40 billion to $45 billion.
With schools and other educational institutions being shut down to control the spread of the pandemic, many Edtech startups have witnessed an increase in the number of users on their platforms. With that being said, the introduction of BYJU’S Hybrid learning model is a significant step forward to enable students to access education at their convenience.
