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Byju’s Hit $6 Billion Valuation, Making its Founder and CEO Byju Raveendran Newest Billionaire in India

With increased brand awareness and strong adoption among students, Byju's tripled its revenue to Rs 1,430 crore

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Byju, Billionaire, India
Raveendran holds more than 21 per cent stake in the Bengaluru-based educational technology and online tutorial firm, thus making him a billionaire. Pixabay

With the latest round of $150 million funding from Qatar Investment Authority (QIA) — the sovereign wealth fund of Qatar — ed-tech company Byju’s has hit $6 billion valuation, making its Founder and CEO Byju Raveendran the newest billionaire in the country.

Raveendran holds more than 21 per cent stake in the Bengaluru-based educational technology and online tutorial firm, thus making him a billionaire.

With increased brand awareness and strong adoption among students, Byju’s tripled its revenue to Rs 1,430 crore in the financial year 2018-19 and also turned profitable on a full-year basis.

The company declined any response on Raveendran’s becoming a new billionaire, saying “Byju’s does not want to comment on this”.

Byju, Billionaire, India
With the latest round of $150 million funding from Qatar Investment Authority (QIA) — the sovereign wealth fund of Qatar — ed-tech company Byju’s has hit $6 billion valuation, making its Founder and CEO Byju Raveendran the newest billionaire in the country. Pixabay

The fresh round of funding in Byju’s also included first-ever investment from Owl Ventures in an Indian start-up.

“Indian ed-tech firms attracting interest from eminent investors demonstrates that India is pioneering the digital learning space globally,” Raveendran had said earlier.

Byju’s has already crossed Rs 200 crore in monthly revenue and is estimating revenue of Rs 3,000 crore this year.

Transforming the offline to an online learning experience, it has also acquired Osmo, a Palo Alto-based education game making company.

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The ed-tech firm offers learning programmes for students from classes 1 to 12 in India.

In one of its biggest win, from September onwards, Team India will wear Byju’s on their jerseys. Chinese mobile-maker Oppo will be replaced by Byju’s.

Team India will sport the Oppo logo on their jerseys till the West Indies tour which commences from August 3 and ends on September 2. Once, the South Africa tour of India begins from September 15, Byju’s will take over the jersey. (IANS)

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Adobe Photoshop on iPad Provides New Opportunities to Youngsters in India

Adobe has also made it possible to import photos directly from your SD card or USB drive into the iOS version of Lightroom

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Adobe
Although Adobe Photoshop on iPad was completely done in the US, the incremental syncing part was achieved in India. IANS

Thirty years and still going strong, Adobe Photoshop remains the most loved design tool for creators and professional designers. Now, iPad lovers in India are thrilled to try their hands on the software tool and let their imaginations fly.

Photoshop on iPad allows young users to craft composites with fingers and retouch images with Apple Pencil. Your PSDs will remain the same, whether you’re working on desktop or iPad.

Adobe Photoshop that arrived on iPads globally in November brings core compositing and retouching workflows to iPad.

For the millennials, this is a great opportunity to become a creative pro as Photoshop on iPad is an intuitive, more accessible entry point to the Adobe tool for new users.

It features full PSD (Photoshop document files) interoperability, a touch-based user interface (UI), Cloud document access, and the power to work on real-world, multi-layered creations.

“We’re excited to push the frontiers of creativity to make everyone more productive and express their creative vision — not only seasoned professionals, but also the next generation of designers, photographers, filmmakers and illustrators,” Scott Belsky, Chief Product Officer and Executive Vice President, Creative Cloud, Adobe, told the gathering at the recently-concluded Adobe Max conference in Los Angeles.

Adobe
Thirty years and still going strong, Adobe Photoshop remains the most loved design tool for creators and professional designers. Now, iPad lovers in India are thrilled to try their hands on the software tool and let their imaginations fly. Pixabay

Open up full-size PSDs on your desktop or iPad and store them in the cloud – no conversion necessary.

You get the same fidelity, power, and performance no matter what device you’re working on, even when you’re designing with thousands of layers.

“Use quick gestures and touch shortcuts to make edits directly on your canvas and speed up your workflow. With context-aware user interface (UI), you display only the core tools and panes you need, so you can focus on your canvas, not the clutter,” says Adobe.

Next up is Adobe Illustrator which is slated to arrive on iPad next year. The teams at Adobe’s Noida R&D centre and Apple’s Cupertino-based headquarters in the US are busy finalizing and preparing for the final release of the much-anticipated product.

“We are already doing complete R&D for Illustrator and InDesign. The upcoming Illustrator on iPad, which has received rave reviews, is entirely being done at our Noida R&D centre,” Shanmugh Natarajan, MD and VP of Product at Adobe India, told IANS recently.

The company has previewed Adobe Illustrator’s future with a reimagined touch-based app that brings the precision and versatility of the desktop experience to iPad.

Although Adobe Photoshop on iPad was completely done in the US, the incremental syncing part was achieved in India.

Adobe has also made it possible to import photos directly from your SD card or USB drive into the iOS version of Lightroom. Previously, users had to import images to their camera roll, then copy them over into Lightroom’s library.

Adobe
Adobe Photoshop on iPad allows young users to craft composites with fingers and retouch images with Apple Pencil. Your PSDs will remain the same, whether you’re working on desktop or iPad. Pixabay

Here are the plans for Indian lovers who want Adobe experience on their iPads. The “Photography (20GB)” plan with Lightroom, Lightroom Classic, and Photoshop is available for Rs 676 a month (excluding GST). If you purchase this plan by January 31, you get Photoshop on iPad for free.

In the “Adobe Photoshop Single App” plan, get Photoshop on desktop and iPad as part of Creative Cloud for Rs 1,420.

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For the “All Apps” plan, get Photoshop on desktop and iPad, plus the entire collection of creative apps for Rs 3,585.

Students and teachers can save over 60 per cent on the entire collection of Creative Cloud apps for just Rs 1,353. (IANS)