5 Largest EdTech Companies in the World

4. BYJU’S

Revenue: $390 million in 2020 via Wikipedia

Valuation: $12.0 billion

Byju’s is an Edtech and tutoring firm based in India. It was founded in 2011 and has since become one of the most valuable private internet companies in India and in the world. Byju’s provides an intuitive online learning experience for students from class 4 to 12. It offers a large variety of subjects and provides trainings to students for examinations such as GRE and GMAT. The platform has personalized video lessons, one-on-one mentorship programs, tests and a learning app that has recently added 25 million new students because of the COVID-19 pandemic. By September 2020, 70 million students had registered on its learning app with 4.5 million paid users. The company is working with investors and SoftBank to raise about $250 million to help expand their operations to different countries.

3. Chegg, Inc. (NYSE: CHGG)

Revenue: $644 million in 2020 via Yahoo Finance

Valuation: $11.99 billion

Chegg, Inc. is a California based EdTech company that provides physical and digital textbook rentals, online tutoring, textbook solutions, and other services for students. The company was founded in 2005 and was listed publicly in the New York Stock Exchange in 2013. The company generates revenues from its student services and by 2020, Chegg has reported having 2.9 million subscribers to its services. The platform also allows students to search for internships and scholarships on the website. Subscribers must pay a monthly fee to access some services such as Study, Tutors, Math Solver, and Advanced Writing. The company has raised a total of $253.3 million in funding over a series of 13 rounds. Chegg has also acquired 16 organizations till date. Their most recent acquisition was Mathway which was acquired in June 2020 for $100 million, according to crunchbase.