Abhishek Securities

  The world’s most valued edtech startup, BYJU’S, has had a phenomenal run so far this year. With millions of new users, and over a billion dollars in funding — second only to the mammoth fundraise by Reliance Jio and Retail over the last six months — 2020 has added a lot to this online learning startup’s long list of wins. And the billionaire founder of the company, Byju Raveendran says there’s a lot more to come. Speaking at the Business Insider Global Trends Festival 2020, Byju shared one of the biggest highlights for the edtech startup – they now have a 86% renewal rate. A clear sign that BYJU’S is now a household name and people are happy to sign up year after year. From 2015 till March 2020, BYJU’S had garnered 45 million free users on the platform, with 3.5 million paid subscribers. But in the last few months, the number has gone up to 70 million users and 4.7 million subscribers. “A lot of them are trying out online learning and that’s happening more than before. Unfortunat...

  During these gloomy times of pandemic, some of the businesses could make a mark this year and one of them is Byju’s. This is the only consumer internet company along with Flipkart who could raise over $1 billion along this year. 3,000 Crore ESOPs With this gain, the company’s  valuation raised  to $11.1 billion in September as compared to $8 billion in January.  Now the company plans to add a couple of hundred million dollars to its existing ESOP pool in reward of the  outstanding performance . In the same regards, the board of directors of Byju’s have passed a special resolution to approve the reservation and allocation of a pool of 71,698 equity shares. Further, this allocation will be assigned towards additional management subscription rights and ESOPs.  It is noteworthy here that the newly allocated pool will be added to the existing pool reserved under “Think and Learn Pvt Ltd ESOP 2019.” With this new addition, Byju’s becomes the part of some of the...