Ed-tech giant Byju’s eyes $1 billion revenue in US by 2024

TIL Desk/Business/New Delhi/ Ed tech giant Byju’s is aiming to become one of the largest players in the space in the US, with a target to hit revenues of $1 billion in the next three years. The company wants to replicate the success of its India model and generate 25 per cent of its overall revenues from the US in three to four years.

In an interview it acquired three new companies, including Epic, an e-book reading company in the US, for $500 million, co-founder Byju Raveendran said, “In this financial year, which is our first full year of operation in the US, we should make revenues of over $300-350 million.

“Our target is to generate revenues of $1 billion and we are aiming to become one of the largest players in the US in the next three years.” Recently, Byju’s also announced the acquisition of Toppr, an e-learning and test preparation platform for school students, and Great Learning, an online learning platform for working professionals, for a total of $1.25 billion.