Byju's to Divert Focus on Global Businesses as Indian Market is Shrinking

Leading Edtech company in India, BYJU's is looking for a big change with its Founder and the Chief Executive Officer of Byju Raveendran is determined to focus his energies on global operations, especially in the United States, as the Indian online edtech market shrinks considerably with schools, colleges and tuition centers reopening. According to reports, Raveendran is all set to hand over India operations to Chief Operating Officer Mrinal Mohit.

BYJU's is currently India's most valued start-up. It was last valued at nearly $22 billion. According to reliable sources, an official confirmation about Raveendran taking a bigger global role would come soon as new designations for Raveendran and Mohit are currently being discussed. Currently, the CEO of Byju's is already out of India, meeting investors in the US and the UAE.

Earlier this month, in March, the company announced a new partnership with QIA, Qatar's sovereign wealth fund, to launch a new edtech business and state-of-the-art research center in Doha. The new entity in Doha will drive research and innovation to develop cutting-edge learning solutions tailored to MENA students. "We are thrilled to be partnering with QIA in this next phase of expansion, development, and building new learning innovations in the MENA region," Raveendran said in a statement.