Sep 8, 2016 · 2 min read
New Investment in Byju’s
The Chan Zuckerberg Initiative invested in BYJU’s, an innovative company based in India that leverages technology to provide students with engaging personalized learning experiences. This was CZI’s first investment in Asia.
Education has the power to unlock potential and improve lives all across the globe. That’s why entrepreneurs are trying to solve a complex problem: How can you get great, innovative education and learning opportunities into the hands of more people so that all can benefit from them?
Mark Zuckerberg: As part of the Chan Zuckerberg Initiative, Priscilla and I are investing in an Indian education technology company we’re excited about called BYJU’s.
BYJU’s was started by a teacher and entrepreneur named Byju Raveendran as a way to help students from different backgrounds across India learn in a way that works best for them. The mobile app uses a mix of video lessons and interactive tools to help teach subjects like math and science for a fraction of what other services cost. So far, BYJU’s has 250,000 subscribers who use the app for an average of 40 minutes a day — and it’s working. A survey found that almost 80 percent of parents said it improved their children’s learning dramatically.
I’m optimistic about personalized learning and the difference it can make for students everywhere. That’s why it’s a major focus of our education efforts, and why we’re looking forward to working with companies like BYJU’s to get these tools into the hands of more students and teachers around the world.