In this article, we will discuss the 5 Biggest Education Companies in the World. If you want to read our comprehensive analysis of the education industry, go directly to 10 Biggest Education Companies in the World.
5. Chegg, Inc. (NYSE:CHGG)
Market Capitalization: $2.34B
Chegg, Inc. (NYSE:CHGG) ranks 5th in our list of 10 biggest education companies in the world. Chegg, Inc. (NYSE:CHGG) is a California-based company that provides online education services to its users. Their services include online tutoring, buying, renting & selling books, writing tools, and assistance for test preparation. Chegg, Inc. (NYSE:CHGG) also helps students find good jobs, internships and scholarship opportunities.
Chegg, Inc. (NYSE:CHGG) was founded in 2005 and it was listed as a public-held company on the New York Stock Exchange (NYSE) in 2013. The company is headquartered in California but it also has offices in Portland, Israel, Germany, and Ukraine.
Chegg, Inc. (NYSE:CHGG) has a market capitalization of $2.342 billion. The total number of subscribers of Chegg, Inc. (NYSE:CHGG) increased to 7.8 million in the financial year 2021 with year-over-year growth of 18%.
4. Duolingo, Inc. (NASDAQ:DUOL)
Market Capitalization: $2.99B
Duolingo, Inc. (NASDAQ:DUOL) stands at the 4th position in of our list of 10 biggest education companies in the world. Duolingo, Inc. (NASDAQ:DUOL) is an EdTech company that helps its users learn more than 40 languages through game-like instructions. Users have to score points and complete timed challenges in language proficiency exams such as podcasts, quizzes, and interactive stories to reach new levels.
Duolingo, Inc. (NASDAQ:DUOL) also offers paid services in which there are no advertisements. The content of the app is created mostly by language learning scientists, Artificial Intelligence (AI) and machine learning experts. Duolingo, Inc. (NASDAQ:DUOL) is one of the most downloaded education applications on the Android app store and it is Android’s ‘Best of the Best’ application
Duolingo, Inc. (NASDAQ:DUOL) helps its users improve vocabulary, grammar, and pronunciation using spaced repetition. Founded in 2011 by Luis von Ahn and Severin Hacker, the company currently has a market capitalization of $3.46 billion. According to its shareholder letter, the organization’s annual revenue stood at $250.8 million in the financial year 2021 with year-over-year growth of 55%.
3. VIPKID
Valuation: $4.5B
VIPKID occupies the 3rd position in our list of 10 biggest education companies in the world. VIPKID is a Beijing based Chinese education company. The organization provides online English language learning platform for non-natives. VIPKID hires English language teachers from USA and Canada and connects them with millions of students in different countries.
1-on-1 live classes and the meticulously crafted curriculum make it easier for learners to master their reading, writing, listening comprehension, and English speaking skills on VIPKID.
Since the inception of the organization in late 2013, over 2 million online classes have been taught on this online learning platform. VIPKID has both Android and iOS applications for students as well as parents to make it convenient for them to book classes and access the learning material. Currently, the estimated annual revenue of VIPKID is $3.2 billion.
2. Yuanfudao
Valuation: $15.5B
Yuanfudao ranks 2nd in of our list of 10 biggest education companies in the world. It is a Beijing-based Chinese EdTech giant that provides online education services to students from primary to secondary levels. It is the largest online education service provider in China at this level. Yuanfudao’s unique features and competent teaching staff help students get home tutoring from anywhere and at any time.
Yuanfudao’s headquarter is in Beijing but it has established a number of teaching & research facilities in all major cities of China including Wuhan, Zhengzhou, Chengdu, Jinan, Tianjin, Chongqing, Changchun, and Hefei.
Yuanfudao has more than 30,000 employees. Over 200 million students have benefited from this start-up since it was launched in 2012.
1. Byju’s
Valuation: $22B
Byju’s stands at the top of our list of 10 biggest education companies in the world. Byju’s, formerly known as “Think & Learn Private Limited,” is a Bangalore-based Indian EdTech company. The company’s online platform, Student Hub, offers products and services that students usually need throughout their college. It helps them not only choose a college but also get academic assistance through graduation and beyond. Today, Byju’s is one of the most successful startups in the EdTech sector. It makes education an enjoyable task for students through its gamification process.
At present Byju’s has a valuation of $22 billion. In 2021, Byju’s bought the US reading service Epic, learning platform Great Learning, the US coding service Tynker, and Austria’s mathematics operator GeoGebra. Now the startup is in discussions to acquire U.S. EdTech giants Chegg Inc. or 2U Inc.
Currently, Byju’s has over 115 million registered students but buying Chegg or 2U will add additional tens of millions of students to its register.
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