In its biggest push for international expansion, Byju’s has plans to launch its new product Byju’s Future School in the US, UK, Brazil, Indonesia and Mexico next month, after riding high on its coding-for-kids subsidiary WhiteHat Jr.
The new platform will offer one-on-one teacher and student sessions.
The new business will be headed by Karan Bajaj, founder and chief executive officer of WhiteHat Jr, Byju’s said.
The platform will first offer maths and coding tutorials, and later expand to include science, music, english and fine arts classes, the company added.
“We are combining our product expertise of ‘platform plus content’ and have been able to do so in a very short span of time. We have finished our pilots and are ready to scale this,” Byju Raveendran, founder and CEO of Byju’s, said.
Raveendran said the firm aims to hire teachers in Mexico, Brazil and Indonesia to cater to non-english-speaking students.
To cater to the students in English-speaking markets, it plans to use 11,000 women teachers from India.
The firm also aims to grow international revenues from Future School and Osmo to around $500 million within the first year itself, he said.
“We are already far ahead of some of the B2C education brands in these markets and we have a strong product market fit that we’ve already figured out,” said Raveendran.
“If we are able to execute well, we will invest hundreds of millions of dollars over the next 1-2 years, for something that will literally be a few billion dollars in revenue,” he added.
Bajaj said that the platform on an average is clocking 20,000 live sessions per day taught by over 7,000 teachers.
The number of classes on the weekends doubled to 40,000.
The company already has 200 teachers in Mexico with more than 1,000 students already on the platform in the country, he said.