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Byju’s enters offline tuition space with an investment of $200-million

Ed-tech giant Byju’s has entered the offline tuition space through the launch of ‘Byju’s Tuition Centre’ a comprehensive programme for students that blends offline and online learning experiences. It’ll invest $200 million to line up 500 tuition centres across 200 cities within the country. It aims to enrol 1 million students for the programme within the next two years.

Byju’s, the most-valued ed-tech unicorn in the country, currently has over 115 million registered learners online. The corporate had earlier launched 80 offline centres as a part of a pilot programme with plans to open a minimum of 500 new centres across 200 cities this year alone. Available for students in Classes 4-10, Byju’s Tuition Centres will offer tech-enabled physical tuition centres with a focus on engagement and better outcomes through a two-teacher model.

“This new offering will redefine the next phase of learning. Byju’s Tuition Centres address the needs of a large segment of parents and students who want a physical element in addition to online teaching support. These tech-enabled physical centres are designed to offer world class learning and personalised education to unlock a student’s full potential with attention on engagement and better outcomes,” said Byju’s Chief Operating Officer, Mrinal Mohit.

Byju’s will leverage the technology infrastructure of the various companies that it has acquired so far, according to Mohit. It acquired 10 companies since 2020, including Aakash Educational Services in April last year for nearly $1 billion. This is its biggest acquisition till date.

Byju’s was last valued at $21 billion. It’s looking to onboard near to 3,000-4,000 new teachers for its tuition centres over the course of this year. Including teaching staff, Byju’s is additionally aiming to add 10,000 individuals to run these 500 centres.

Source: Financial Express and with inputs from Agencies

 

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