The Imperial Education Of 21st Century: A Study Of India’s Roaring Lion Edtech Byju’s And It’s Hunting

Abstract

This paper presents a new way of thinking and getting education in different ways. At most use of technology can be blessing in worst situation. This COVID-19 pandemic situation in the year 2020 made people realize that what technology can do and how we can secure and enhance our future generation‟s education. Due to availability of online platforms and digital tools, the effect of lockdown worldwide is having less impact on education though sudden change and resistance in acceptance of online education has its own limitations in achieving goal. The future is lies with digital learning and current ruling government has launched several programs under the initiative namely „Digital India‟ and „Skill India‟. The implementation of new education policy will certainly be like cherry on top. Byju‟s started its journey in 2011. The Merger of two sectors called Education and Technology itself gives identity to Edtech Company. With the help of seed funding and venture capitalist Byju‟s took jet height and made three major acquisitions. First in 2017, it has acquired TutorVista (including Edurite) from Pearson. Second in 2019, it has acquired a US-based Osmo, a maker of educational games for children aged 3–8 years for $120 million and third it has acquired Indian startup WhiteHat Jr. for $300 million. The way of online education will make revolutionary change in upcoming years. The growth rate of Byju‟s is more than 100% and continuously growing since 2011. It became most valued Edtech Company in September 2020 with valuation of $11.1 Billion.